Hedera (HBAR) Spot ETFs See $898K Inflows After Nearly 10 Days of Flat Activity
Hedera’s HBAR-linked spot exchange-traded funds recorded $898,670 in net inflows on Dec. 24, ending almost ten days of zero net ETF activity. The inflow raised cumulative ETF inflows to $83.70 million and brought total net assets across HBAR spot ETFs to $51.82 million (about 1.1% of HBAR market cap). Daily ETF trading value remained subdued at roughly $647,740, indicating creations drove the inflow rather than secondary-market trading. The report contrasts HBAR’s episodic, small-scale ETF flows with much larger inflows into Solana (SOL) and XRP (XRP) spot ETFs the same day — $1.48 million and $11.93 million respectively — leaving Solana and XRP with substantially higher cumulative inflows and net assets. HBAR’s more limited liquidity and market size are cited as structural reasons for smaller, allocation-driven inflow patterns. At the time of reporting HBAR traded near $0.114 (up ~4.6% over seven days) with a market cap around $4.9 billion and 24‑hour volume rising over 20%, suggesting modest short-term liquidity improvement.
Neutral
The news signals modest, allocation-driven demand rather than broad-market conviction. A single-day $898K inflow after an extended period of zero net activity is small relative to HBAR’s market cap and to concurrent inflows into SOL and XRP ETFs, so it is unlikely to materially change market structure or trigger a durable price trend. Indicators supporting a neutral view: subdued ETF trading value (~$647K) implying creations not active secondary trading; HBAR’s net assets remain small (~$51.8M, ~1.1% of market cap); episodic flow pattern typical of early-stage ETFs. Short-term impact: slight positive price pressure and improved liquidity (HBAR up ~4.6% week-over-week, volume +20%), which could prompt short-term trading opportunities and tighter spreads. Long-term impact: limited unless inflows become sustained and liquidity/depth increase. Historical parallels: early-stage crypto ETFs (for small-cap tokens) often see sporadic rebalancing-driven inflows that produce temporary price moves but no lasting trend until structural liquidity and institutional adoption scale up — similar patterns were seen after initial spot ETF launches for smaller-cap altcoins. Traders should monitor: consecutive inflow days, secondary-market turnover increases, and changes in bid-ask spreads or derivatives liquidity as signs of a shift from episodic to sustained demand.