As Bitcoin (BTC) and the broader crypto market tumbled, HBAR jumped 7% after the Canary HBAR ETF attracted $2.2 million in inflows.
While most of the crypto market bled from Bitcoin’s BTC $82 208 24h volatility: 6.4% Market cap: $1.64 T Vol. 24h: $90.61 B brief drop to $108,000, Hedera’s native token, HBAR, defied the pullback with a 7% price surge. Trading at $0.2094, HBAR HBAR $0.0983 24h volatility: 5.6% Market cap: $4.23 B Vol. 24h: $179.47 M now boasts a market capitalization of $8.8 billion and saw an 8.59% spike in 24-hour trading volume to nearly $800 million.
The rally coincided with the debut of the Canary HBAR ETF, which drew $2.2 million in inflows on its second day of trading, making Hedera the next big crypto to explode.
Today marks history as HBAR becomes the third ever crypto ETF to launch after Bitcoin and Ethereum.
To make this clear, out of the 19M+ cryptocurrency's that @CoinMarketCap tracks, it was the @CanaryFunds HBAR ETF that passed – citing @Hedera’s institutional-grade network 🧵 pic.twitter.com/Rc5U6eX35M
— Hedera Foundation (@HederaFndn) October 28, 2025
Canary’s HBAR ETF Gains Momentum
On Oct. 28, Canary Capital launched the Canary Litecoin ETF (LTCC) and the Canary HBAR ETF (HBR) on Nasdaq. Although the HBAR ETF saw no inflows on its first trading day, investors quickly followed, with $2.2 million flowing in on day two, according to SoSoValue.
The Litecoin ETF attracted a modest $485,810. The listing made HBAR the third cryptocurrency, after Bitcoin and Ethereum, to have its own spot ETF.
The Hedera Foundation described the launch as a watershed moment for institutional adoption, adding that it validates years of development focused on regulatory compliance and enterprise-grade infrastructure.
The foundation stated that Hedera’s architecture was built from the ground up for mission-critical, enterprise, and institutional applications, avoiding the regulatory grey zones other projects often exploit.
Hedera Is Institution-Focused
The foundation revealed that beyond the Canary HBAR ETF, 12 additional ETFs referencing Hedera are currently filed, including those from major firms like Grayscale, T. Rowe Price, KraneShares, and ProShares.
This increasing institutional interest is not just ETF-related. The network recently surpassed all other Layer-1 blockchains except Ethereum in terms of monthly active developers, a signal of its rising traction among builders.
The amount of @Hedera developers hit a new high on the month
This is the most among all layer-1 blockchains, aside from Ethereum pic.twitter.com/qVDBKr7Vsr
— Token Relations 📊 (@Token_Relations) October 29, 2025
“From day one the network was designed to be regulatory compliant and architected from the ground up to host mission critical enterprise and institutional-grade use cases,” claimed the Foundation.
Verifiable Governance for AI Agents Drives Momentum
Another catalyst for HBAR’s surge is the debut of Verifiable Governance and Sovereignty for AI agents, a collaborative effort between Hedera, EQTY Lab, Accenture, and NVIDIA.
The system integrates Hedera’s blockchain infrastructure with EQTY Lab’s AI Guardian to ensure transparent, verifiable, and compliant operations for AI agentic systems.
Today, @EQTYLab and @Accenture crossed a major milestone for Verifiable AI with @Hedera – launching a new AI Agent governance solution for governments and enterprises.
Showcased at @NVIDIAGTC, the solution has been integrated into a multi-agent gateway developed by Accenture 🧵 pic.twitter.com/C3E2s6I1Vp
— Hedera Foundation (@HederaFndn) October 29, 2025
The solution, showcased at NVIDIA’s GTC in Washington D.C., provides government agencies and enterprises with tools for encrypted attestations, on-chain governance, and regulatory compliance.
By anchoring attestations to the Hedera Consensus Service, organizations can now validate the trustworthiness and auditability of AI workflows in real time. The system runs on NVIDIA DGX Cloud and was developed in partnership with Accenture.
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