$HBAR The news that Hedera (HBAR) has filed for an exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) has generated a lot of excitement in the market. The filing was filed by Canary Capital on November 12, 2024, and is a significant step for HBAR and the market as a whole. This fund will provide investors with the opportunity to directly invest in the HBAR token without the need to use derivatives or futures, making it easier for institutions to enter the market.

Following the announcement, the price of HBAR surged by 20%, reflecting the strong interest from the market. However, the price saw a correction after the rapid rise, retreating from its highs. This move comes at a time when there is a growing demand for cryptocurrency ETFs, indicating expectations of growing institutional interest in the sector.

If this fund is approved by the SEC, it could lead to a significant increase in liquidity and participation in the market, which would positively impact the price of HBAR. But such approvals may take some time, and it is important to monitor developments in the situation and market developments.