Canary Capital has renewed its marketing push for its U.S. spot HBAR ETF, nearly a year after launching the product in October. Despite first-mover advantage, the fund has attracted only $105.3 million in cumulative net inflows, with virtually zero demand in recent months: just two days of net inflows in June and four in July. HBAR’s price has slumped nearly 40% in two months, falling from $0.11 to $0.06, though the $0.0650 support level is drawing renewed whale interest. Canary Capital positions Hedera Hashgraph as a key player in the next wave of real-world asset tokenization to justify its ETF product.
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