- HBAR surged to $0.25 after Valour Finance launched a staking ETF on the SIX Swiss Exchange.
- The ETF provides Swiss investors access to Hedera and staking rewards, despite its lower yield.
- The HBAR price broke key resistance, showing bullish technical signals with a possible next target near $0.3155.
Hedera’s native token HBAR surged to $0.2500, marking its highest level since early March. The price has risen by nearly 100% from its lowest level in June. This sharp increase comes amid a broader upswing in the cryptocurrency market.
The price movement follows Valour Finance’s announcement of the launch of its Hedera Physical Staking exchange-traded product on the SIX Swiss Exchange. The ETF enables Swiss investors to access HBAR along with staking rewards in a regulated format. According to Valour, this marks a step forward in providing compliant exposure to yield-bearing protocols like Hedera.
Investors show interest in staking despite the low yield
The current staking yield for HBAR remains relatively modest at $0.03. This is significantly lower compared to more established tokens like Solana and Avalanche. Despite this, the listing provides a pathway for traditional investors to gain passive exposure to the asset’s performance and staking benefits.
The listing arrives as speculation grows over a possible approval of an HBAR ETF in the United States. While still unconfirmed, such a development could mirror the success of existing Bitcoin and Ethereum ETFs. To date, Bitcoin ETFs have seen over $53 billion in inflows, while Ethereum ETFs have drawn $6.4 billion from investors.
The technical outlook signals bullish momentum
The neckline resistance, which was last touched in mid-May at the price of $0.2300, has been breached by HBAR. The price rise has also exceeded the $50 Fibonacci retracement mark. The 50-day moving average and the 100-day moving average are converging to form a possible mini golden cross. These technical indicators imply further upside; the next price to keep an eye on is at a level of $0.3155.
The overall Hedera ecosystem has expanded alongside the token’s rally. Its stablecoin supply now exceeds $162 million, a significant increase from earlier this year. The project’s governance council includes major firms such as Google and Ubisoft, adding credibility to its long-term positioning.
