HBARetp
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WORLD’S FIRST HEDERA (HBAR) ETP LAUNCHES, DRIVING 6% PRICE SURGE
$HBAR #HBAR #ETP #HBARetp
Valour Inc., a subsidiary of DeFi Technologies, has partnered with The Hashgraph Association to introduce the world’s first Valour Hedera (HBAR) ETP. The launch took place at the Frankfurt Stock Exchange on June 18, signaling a major milestone in the cryptocurrency industry.
Global Impact
The HBAR ETP has attracted global attention, similar to BTC and ETH ETPs. Following the announcement, Hedera's (HBAR) price surged by nearly 6%, showcasing strong market enthusiasm.
What is the HBAR ETP?
Unveiled at Börse Frankfurt, the HBAR ETP provides investors direct exposure to HBAR cryptocurrency, making it easier and more secure to invest in enterprise blockchain technology. Elaine Buehler, Product Head at Valour, emphasized the product’s simplicity and security.
Industry Reactions
Stefan Deiss, Co-Founder of The Hashgraph Association, highlighted the collaboration’s goal of attracting institutional investors to Web3 and diversifying investment portfolios.
Market Reaction
HBAR's price rose by 6.10% post-announcement, reaching $0.08159. This mirrors significant rallies seen with Bitcoin ETPs. Although Ethereum hasn't seen similar price shifts despite ETF approvals, HBAR's performance is under close watch.
Future Outlook
The HBAR ETP launch has generated investor interest and speculation about HBAR's future. The RSI near 34 suggests potential for stronger price action if it enters oversold territory, indicating optimistic prospects.
Conclusion
The launch of the Hedera (HBAR) ETP by Valour Inc. and The Hashgraph Association marks a significant development, offering a new investment avenue and highlighting the rising interest in blockchain technology and digital assets.
WORLD’S FIRST HEDERA (HBAR) ETP LAUNCHES, DRIVING 6% PRICE SURGE
$HBAR #HBAR #ETP #HBARetp
Valour Inc., a subsidiary of DeFi Technologies, has partnered with The Hashgraph Association to introduce the world’s first Valour Hedera (HBAR) ETP. The launch took place at the Frankfurt Stock Exchange on June 18, signaling a major milestone in the cryptocurrency industry.
Global Impact
The HBAR ETP has attracted global attention, similar to BTC and ETH ETPs. Following the announcement, Hedera's (HBAR) price surged by nearly 6%, showcasing strong market enthusiasm.
What is the HBAR ETP?
Unveiled at Börse Frankfurt, the HBAR ETP provides investors direct exposure to HBAR cryptocurrency, making it easier and more secure to invest in enterprise blockchain technology. Elaine Buehler, Product Head at Valour, emphasized the product’s simplicity and security.
Industry Reactions
Stefan Deiss, Co-Founder of The Hashgraph Association, highlighted the collaboration’s goal of attracting institutional investors to Web3 and diversifying investment portfolios.
Market Reaction
HBAR's price rose by 6.10% post-announcement, reaching $0.08159. This mirrors significant rallies seen with Bitcoin ETPs. Although Ethereum hasn't seen similar price shifts despite ETF approvals, HBAR's performance is under close watch.
Future Outlook
The HBAR ETP launch has generated investor interest and speculation about HBAR's future. The RSI near 34 suggests potential for stronger price action if it enters oversold territory, indicating optimistic prospects.
Conclusion
The launch of the Hedera (HBAR) ETP by Valour Inc. and The Hashgraph Association marks a significant development, offering a new investment avenue and highlighting the rising interest in blockchain technology and digital assets.