Hedera Surges 8.5% Amid ETF Inflows and Crypto Rally

Hedera (HBAR) has seen an impressive surge of approximately 8.5% in the last 25 hours, driven by a combination of specific catalysts and a broader crypto market uptrend.

The renewed demand through a spot Hedera ETF has provided a concrete flow driver, with Canary's spot Hedera ETF absorbing about $848,000 in net inflows on August 19. This now controls roughly 1.63% of the circulating HBAR market cap, with no net outflow days so far this year.

Increased network usage and incremental protocol news have supported a stronger Hedera narrative. Hedera processed 401,594 transactions in one day, the highest daily transaction count in the last seven days, signaling increased on-chain activity.