Grayscale Registers for HBAR ETF in Delaware — Price Pumps Over 7%

Hedera (HBAR)’s price has been quietly edging higher this month, a slow climb after weeks of drifting sideways. Now, traders are watching closely after a development that could give the asset a fresh spark. 

Grayscale, an American digital currency asset management company, has filed paperwork for an exchange-traded fund tied to Hedera’s native token. While there’s no guarantee of approval, the filing itself has stirred optimism around Hedera. 

Grayscale’s HBAR ETF Filing

According to reports, Grayscale made a registration for a Hedera (HBAR) ETF Trust on Tuesday August 12, 2025. The filing of this paperwork indicates that the firm will soon file for a Spot Hedera ETF after the Delaware filing. 

In the same breath, the digital asset manager also filed for Cardano exchange-traded fund in Delaware. This shows that the firm has strong interest in both ADA and HBAR. The ETF filing by Grayscale has since sparked optimism around Hedera and Cardano. For instance, one X (formerly Twitter) user noted;

“Grayscale moves to register Cardano and Hedera ETFs in Delaware. I think this isn’t just paperwork,  it’s a sign that Wall Street is preparing to open the gates for broader Layer-1 exposure. Spot ADA and HBAR ETFs could bring a fresh wave of capital and reshape the altcoin market structure in 2025.”

HBAR Rallies Over 7% After Grayscale’s ETF Filing

Just a few hours after the Grayscale Hedera ETF filing, the price of Hedera (HBAR) rallied by over 7%. As of this writing, the coin’s price sits at $0.2645 per data by CoinMarketCap.

The same data also shows that Hedera has experienced increased trading activity over the last 24 hours as indicated by the surging trading volume. HBAR has recorded a trading volume of $484.66 million, marking a 33.42% surge. 

While the coin’s rally may also be attributed to the general crypto market rally fueled by Ethereum’s surge past $4,700, it is mainly contributed by the Grayscale ETF filing. As per data by Coinglass, Hedera’s funding rate has been surging over the last 24 hours as the market reacted positively to Grayscale’s filing for an HBAR ETF. 

HBAR’s OI-weighted funding rate now sits at 0.0298% up from 0.0074% recorded on August 24. The funding rate now sits at a three-week high, signaling strong optimism for the altcoin’s future. 

The sharp spike in Hedera’s funding rate over the last 24 hours also shows that traders are optimistic and ready to capitalize the bullish opportunity developing around HBAR. 

Key Price Levels to Watch Out for in HBAR’s Price

Following Grayscale’s Hedera ETF filing, market participants are optimistic for the price of HBAR. This could potentially fuel further rally with the coin now up already by over 7% on the day. However, the coin’s rally won’t be without some key barriers to break. 

As per the 4-hour chart on TradingView, Hedera’s price faces immediate resistance at $0.26859. Turning this level into support could open the door for a short-term rally towards the next resistance around $0.28024. A breach of this level could push HBAR even higher. 

However, failure to move upwards or hold the current level could result in a correction. At the moment, Hedera has strong support at $0.25657. The next support lies around $0.24672 and in case of a deeper dive, $0.23398 could offer stronger support for HBAR. 

In the meantime, stronger sentiment backed by stronger technical indicators could result in an upward price movement, especially for the short-term. But still, investors and traders must express caution in their Hedera bets.