Hedera's trading volume surged despite a broader market downturn impacting its price.
ETF Listing Application and Trading Volume Surge
Hedera's trading volume saw a significant increase of 125% after Nasdaq filed with the SEC to list the Canary HBAR ETF. If approved, it would offer institutional investors a streamlined way to invest in Hedera.
Current Price and Market Indicators
Hedera's price fell to a yearly low, dropping 10% in the past day. Following a rally in December 2024, where it reached $0.40 in January, the token has exhibited bearish tendencies, dropping over 50% to around $0.20.
Institutional Tokenization on Hedera Platform
HBAR Foundation's investment in tokenized shares of Fidelity International strengthens Hedera's role in institutional tokenization.
Despite current market challenges, Hedera continues to expand its involvement in institutional projects.