#USCryptoReserve

Grayscale's HBAR ETF listing by Nasdaq might cause another 40% rise

Hedera (HBAR) surged 12% to $0.24 on Wednesday after Nasdaq listed Grayscale's spot HBAR ETF.

Hedera has traded 1 billion HBAR in the previous three days, indicating market interest.

Hedera (HBAR) gained 20% to $0.24 on Wednesday after Nasdaq listed Grayscale's spot HBAR ETF. Bull traders might use strong market sentiment to accelerate the HBAR surge with higher market volumes.

Hisdera (HBAR) among top gainers as Nasdaq ETF registration boosts demand

Since the start of the year, Hedera (HBAR) has outperformed Layer-1 assets added to the U.S. Crypto Strategic Reserve.

Positive ETF filings have driven HBAR's price surge this week. Nasdaq, one of the world's biggest regulated trading platforms, filed papers to list Grayscale's spot HBAR ETF for trading on Wednesday, pending SEC clearance.

HBAR's stock has steadily risen as strategic investors piled in ahead of an SEC approval.

Institutional investors might join the spot HBAR market under regulation with approval, increasing demand.

As seen above, Hedera's native token rose from $0.22 on Tuesday to $0.27 on Wednesday, bolstering ETF optimism.

Trading volume is growing for Hedera, indicating buyer support.

HBAR is up 20% after Nasdaq's announcement. However, rumors that former President Donald Trump might lower Canada-Mexico tariffs have boosted market optimism. Investment in the Hedera network has increased due to this dual driver, which might lead to more gains.

Santiment on-chain data suggests that HBAR has averaged 1 billion HBAR every day for the previous three days, supporting this position.

This is 800% more than the February 23 low of 143 million HBAR exchanged after Bybit's $1.4 billion exploit.

Due to increased market participation and liquidity, prolonged trade volume spikes generally precede big price gains.