Hedera escalates as Canary files for HBAR ETF

Hedera escalates as Canary files for HBAR ETF

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  • Hedera (HBAR) rate increased greatly on Nov. 12 to hit highs near $0.07 – the greatest level consideringthat July.

The Hedera token increased more than 20% in the past 24 hours to hit highs near $0.07. This saw the cryptocurrency reach its greatest rate level consideringthat July and stand out amongst top gainers.

Gains for HBAR came as the cryptocurrency’s holders responded favorably to the mostcurrent Hedera news.

Specifically, the altcoin was rising after Canary Capital Group sent an application to list an exchange-traded fund for HBAR.

Canary files for HBAR ETF

The proposition to list and trade shares of the Canary HBAR ETF comes inthemiddleof an increased enthusiasm throughout the crypto market. With the SEC’s approval of area Bitcoin and Ethereum ETFs havingactually driven substantial interest and need from institutional financiers, the anticipation is that more crypto properties might be poised for a comparable trajectory.

Canary Capital is amongst the providers targeting this prospective increase of financialinvestment cash. With the market seeing filings for area ETFs for Solana, Litecoin and XRP in current months,

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