Hedera’s HBAR remained under selling pressure as spot exchange-traded fund (ETF) data showed no new inflows, removing a key demand support at a time when the broader altcoin market remains fragile.
HBAR traded near $0.11 on Dec 23, extending its decline to more than 20% over the past month. The move followed a sustained breakdown from the $0.14–$0.15 range in late November, a level that had capped multiple recovery attempts before sellers regained control.
Hedera (HBAR) ETF Lags as Other Altcoin ETFs Attract Capital
ETF flow data shows HBAR’s relative weakness. The U.S.-listed Canary HBAR spot ETF recorded zero net inflows on Dec. 22, with total net assets holding near $52 million, roughly 1% of HBAR’s total market capitalization. Daily trading activity also remained subdued, with value traded around $630,000, offering little evidence of renewed institutional participation.
By contrast, ETF products tied to other major altcoins continued to see meaningful capital movement. Solana spot ETFs recorded more than $7 million in daily inflows, with total net assets approaching $940 million, while XRP spot ETFs logged over $40 million in single-day inflows, pushing combined assets beyond $1.2 billion, according to SoSoValue data.
The divergence places HBAR at the lower end of the current altcoin ETF demand spectrum, despite earlier expectations that it could benefit from institutional exposure.
Early ETF Optimism Fades
The lack of inflows marks a sharp contrast to the ETF’s early trading days. CoinChapter previously reported that the HBAR ETF saw a $1.78 million single-day inflow shortly after launch, fueling expectations that the product could provide steady demand similar to other spot crypto ETFs.
That optimism has since faded. With inflows stalling less than two months after launch, the data suggests that initial interest may have been short-lived rather than supported by sustained capital allocation.
This slowdown has come despite broader infrastructure developments around Hedera. Recent coverage highlighted Vanguard enabling trading access to the HBAR ETF and Anchorage Digital adding custody support for HBAR, steps that expanded institutional readiness but have yet to translate into consistent ETF buying.
HBAR’s price action has mirrored the ETF data. The token failed to reclaim the $0.123–$0.125 zone earlier this month, a former support area that previously identified as critical for trend stabilization. The rejection accelerated selling pressure, pushing prices toward the $0.10–$0.11 region.
Broader market conditions have added to the strain. Bitcoin’s pullback below recent highs and tighter financial conditions have reduced risk appetite across altcoins, particularly those without strong near-term demand catalysts.