tldr; Hedera’s first ETF, launched by Canary, has seen significant success, with $8 million in inflows on its first day and $45 million by Friday morning. This ETF provides traditional investors exposure to Hedera’s cryptocurrency (HBAR) without owning the underlying asset, making it more accessible and appealing to those unfamiliar with crypto wallets or exchanges. The ETF’s success boosts liquidity, legitimacy, and long-term investment potential for HBAR, marking a significant milestone for Hedera in the crypto space.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
MinimalGravitas on
Crushing as in „crushingly pathetic?
$8 million inflows in the first day compares to:
$730 million for BTC’s first day of ETFs and $108 million for ETH ETFs on the first day trading.
Yesterday BTC’s ETFs did $488 million and ETH ETFs did $184 million.
Interest in HBAR is irrelevantly tiny.
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tldr; Hedera’s first ETF, launched by Canary, has seen significant success, with $8 million in inflows on its first day and $45 million by Friday morning. This ETF provides traditional investors exposure to Hedera’s cryptocurrency (HBAR) without owning the underlying asset, making it more accessible and appealing to those unfamiliar with crypto wallets or exchanges. The ETF’s success boosts liquidity, legitimacy, and long-term investment potential for HBAR, marking a significant milestone for Hedera in the crypto space.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Crushing as in „crushingly pathetic?
$8 million inflows in the first day compares to:
$730 million for BTC’s first day of ETFs and $108 million for ETH ETFs on the first day trading.
Yesterday BTC’s ETFs did $488 million and ETH ETFs did $184 million.
Interest in HBAR is irrelevantly tiny.