The price of HBAR has significantly increased following the announcement of a staking ETF by Valour Finance on the SIX Swiss Exchange. This event has attracted investor attention and sparked interest in the token.
Valour Finance ETF Launch on SIX Swiss Exchange
The HBAR token surged to $0.2500, marking its highest level since early March. This growth is reflective of a broader upswing in the cryptocurrency market. The launch of the Hedera Physical Staking ETF by Valour Finance allows Swiss investors to access HBAR and staking rewards in a regulated format.
Investor Interest in Staking Despite Low Yields
Despite the current staking yield for HBAR being only $0.03, which is lower compared to more established tokens like Solana and Avalanche, this product offers traditional investors a pathway to gain passive exposure to asset performance.
Technical Signals Indicating Further HBAR Growth
The price of HBAR has broken key resistance at $0.2300, signaling potential further upward momentum. Technical indicators suggest a target price of $0.3155 based on moving averages and Fibonacci levels. Additionally, the overall stablecoin supply in the Hedera ecosystem has surpassed $162 million, reflecting growing interest in the project.
The launch of the staking ETF in Switzerland marks an important milestone for HBAR, offering new opportunities for investors. Price growth and positive technical signals may indicate a continued upward trend.
