tl;dr
The launch of the first US HBAR Trust has sparked speculation about a potential Hedera ETF, as discussions rise over similar trends for Solana and XRP. Canary Capital has rolled out the first US HBAR Trust, aiming to meet institutional demand for crypto investment solutions. This move has led to gro...
Canary Capital has launched the first US HBAR Trust, leading to speculations about a potential Hedera ETF. The move aims to meet institutional demand for crypto investment solutions and has fueled discussions about a potential Hedera ETF launch.
The launch of the Trust has sparked discussions over similar trends for Solana and XRP, with growing hopes for institutional adoption boosting speculations over a potential ETF. Despite the excitement, HBAR price slipped nearly 6% amid a broader market downturn.
Canary Capital's recent move is seen as targeting the increasing institutional demand for top crypto investment solutions in the US, aligning with Wall Street players' shift towards Bitcoin and other leading altcoins.
The launch has led to soaring speculations over a potential Hedera ETF, driven by the network's enterprise-grade blockchain and growing utility. The HBAR Foundation noted that US institutional investors can now acquire the crypto through this new trust, marking a crucial milestone for the cryptocurrency.
The launch of the first US HBAR Trust has fueled conversations about potential ETF launches, highlighting the growing institutional adoption hopes for cryptocurrencies like Hedera, Solana, and XRP. Despite the speculative fervor, the broader market downturn has impacted HBAR's price, showcasing the dynamic nature of the crypto landscape.
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Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: $3,078,010,000
Dividend Yield: None
EPS: None
Price Change: -2.28
Beta: 2.674
Volume: 325,433,000
Stock Price: $25.11
50-Day Moving Average: 0
200-Day Moving Average: 0.205
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Beta: 0.0511
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Sector: Finance, Life Insurance
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PE Ratio: 15.47
EPS: 5.1
ROE: 7.83%
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Sector: Manufacturing
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PE Ratio: 23.57
EPS: 5.48
ROE: 12.82%
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Dividend Yield: 0.0789
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ENERGY & TRANSPORTATION
ELECTRIC & OTHER SERVICES COMBINED
Revenue: 3049772000
Net Profit Margin: 15.62%
Operating Margin: 1.87%
Return on Assets: 2.48%
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Market Cap: 196,785,000
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Support Level: None
Resistance Level: None
RSI: 0
Moving Average: 0
Bollinger Bands: 0
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