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.
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