Hedera Volume Explodes Amidst Price Plunge, Canary ETF Filing Sparks Hope for Institutional Investment

Hedera’s trading volume surged by 125% following the filing of a proposed HBAR ETF with the US SEC by Nasdaq. This move comes after an otherwise steep decline for the cryptocurrency, which hit a yearly low on Tuesday following a bearish run that has seen it fall over 50%. The latest developments suggest increased institutional interest in Hedera but also raise concerns about a potential market downturn. The prospect of a Canary HBAR ETF listing, if successful, could provide a more accessible entry point for investors looking to invest in Hedera.