Hedera cryptocurrency (HBAR) has seen a 26% drop in the last month, going from around $0.15 to $0.11, impacting its Wall Street-listed exchange-traded fund (ETF). This descent has led it to reach its lowest level since November 2024with the next key support located at $0.10. HBAR is currently trading 80% below its all-time high reached in 2021. HBAR’s bearish trend is closely linked to the behavior of bitcoin (BTC), which is currently trading around $87,000. As a leading indicator of the sector, declines in BTC often amplify losses in cryptocurrencies such as hedera, as investors adjust their positions due to the volatility of the market’s main digital currency.
The maximum price reached by hedera was $0.58 in 2021. Source: TradingView. The negative price performance has been reflected and validated by the weak capital flow into its ETF. The instrument managed by Canary Capital, launched on October 27, as reported by BitcoinDynamic, shows almost zero demand from investors. In the last week, it only recorded one day with a net inflow of $762,000, while the rest of the days reported zero movements. The fund barely accumulates $52 million in assets under management, a modest figure that underlines the limited market interest in the fund. This pattern of low activity is similar to that seen in the Litecoin ETF (LTC). Unlike the enthusiasm surrounding other financial products such as XRP, the hedera case makes clear that the existence of an ETF does not alone guarantee commercial success or a sustained rise in price. Ultimately, the stagnation of the Canary Capital ETF is a direct consequence of the current market disinterest in cryptocurrency.
