Hedera's HBAR continued to face selling pressure as spot exchange-traded fund (ETF) data showed no latest inflows, removing key demand support at a time when the broader altcoin market stays fragile.
The Hedera (HBAR) ETF is lagging as other altcoin ETFs attract capital. Early ETF optimism is fading
HBAR traded near $0.11 on December 23, extending its decline over the past month to greater than 20%. The move got here after a sustained decline from the $0.14 to $0.15 range in late November, a level that had prevented several recovery attempts before sellers regained control.
HBAR/USD each day price chart. Source: CoinMarketCap
Hedera (HBAR) ETF lags as other altcoin ETFs attract capital
ETF flow data shows HBAR’s relative weakness. The U.S.-listed Canary Islands HBAR spot ETF saw no net inflows as of December 22, with total net assets reaching nearly $52 million, representing about 1% of HBAR's total market cap. Daily trading activity also remained subdued, with trading value hovering around $630,000, providing little evidence of renewed institutional participation.
Source: SosoValue
In contrast, ETF products tied to other major altcoins continued to see significant capital movements. Solana spot ETFs recorded each day inflows of greater than $7 million, with total net assets approaching $940 million, while XRP spot ETFs recorded inflows of over $40 million in a day, pushing total assets to over $1.2 billion, in response to data from SoSoValue.
The divergence places HBAR on the lower end of the present demand spectrum for altcoin ETFs, even though it was previously expected to learn from institutional exposure.
Early ETF optimism is fading
The lack of inflows represents a pointy contrast to the ETF's early trading days. CoinChapter previously reported that the HBAR ETF saw a each day inflow of $1.78 million shortly after its launch, fueling expectations that the product could generate robust demand just like other spot crypto ETFs.
This optimism has now faded. With inflows stalling lower than two months after launch, data suggests the initial interest could have been short-lived and never supported by sustained capital allocation.
This slowdown got here despite wider infrastructure developments around Hedera. Recent reporting highlighted Vanguard enabling trading access to the HBAR ETF and Anchorage Digital adding custody support for HBAR. These moves have broadened institutional readiness but have yet to translate into consistent ETF purchasing.
HBAR’s price motion mirrored the ETF data. Earlier this month, the token did not recapture the $0.123-$0.125 zone, a former support area previously considered crucial for trend stabilization. The rejection increased selling pressure and pushed prices into the $0.10-$0.11 range.
Broader market conditions have added to the strain. Bitcoin's decline below recent highs and tighter financial conditions have reduced risk appetite in altcoins, particularly those without strong short-term demand catalysts.
