HBAR Price Holds Steady Amid Growing ETF Demand

Hedera's price has been holding steady at $0.08 after a recent rally from its mid-August lows near $0.065. This comes as investors are watching the token closely, wondering if it will return to its previous highs.

One factor working in HBAR's favour is the return of ETF demand. The Canary's spot Hedera ETF saw about $864K in net inflows on August 15, adding to a steady buying trend. Since launch, the fund has seen just one day of net outflows, making recent buying more interesting.

The ETF holds around $56.9 million in net assets and its holdings are estimated at roughly 1.7% of HBAR's circulating supply. While a price rally is not guaranteed, the inflows could help support HBAR's surge if they continue.