The Hedera Hashgraph (HBAR) stock price may be on the verge of a major turning point as investment platform Canary Capital filed with the U.S. Securities and Exchange Commission for a spot underlying exchange-traded fund (ETF) on November 12.
This deposit could be a significant development for the Hedera ecosystem, positioning HBAR for widespread adoption and institutional investors.
If approved, the ETF could bring massive liquidity to HBAR, create awareness, and provide a bridge between traditional financial markets and cryptocurrencies.
Analyst Expects HBAR Price to Rise with ETF Approval
Cryptocurrency analyst Birdman noted that HBAR could soon see a significant increase in value if the ETF is approved.
