Hedera Hashgraph's HBAR could see a significant 123% price rally as the odds for the approval of its ETF reach 90%, with a decision expected by November 8, 2025.
Probability of HBAR ETF Approval
The probability of HBAR ETF approval has significantly increased and currently stands at 90%. Approval could lead to heightened institutional interest and price dynamics for HBAR, similar to what has been observed with previous Bitcoin and Ripple ETFs.
Institutional Support and Its Impact
Canary Capital Group is the lead sponsor for the HBAR ETF, supported by major firms like Google and IBM. This backing enhances interest and strategic moves related to the proposed HBAR ETF, which could impact market volatility and asset pricing.
Predictions and Expert Comments
Experts expect that the potential approval of the HBAR ETF could have significant financial implications, including positive effects on the price of HBAR. Leemon Baird, Co-Founder & CTO of Hedera, stated: 'The steady march toward genuine institutional embrace continues. ETF approval would mark the turning point for public network utility and capital flows.'
The HBAR ETF approval has a strong chance of success, which may lead to a substantial market growth and attract institutional investors. The attention of financial markets to this process highlights its importance for the future of digital assets.
