HBAR is up 16% in the last 24 hours, the best performer among the top 20 cryptocurrencies by market cap.
The coin rallied ahead of the Hedera ETF listing on the NYSE.
HBAR outperforms other major cryptocurrencies
HBAR, the native coin of the Hedera blockchain, is the best performer among the top 20 cryptocurrencies by market cap. It added 16% to its value in the last 24 hours, allowing it to cross the $0.20 mark.
The rally comes as the Canary HBAR ETF is set to commence trading on the New York Stock Exchange today. According to Bloomberg’s senior ETF analyst Eric Balchunas, several altcoin-focused crypto ETFs are set to begin trading, including the HBAR Fund by Canary.
The new ETFs will allow institutions to gain more exposure to the cryptocurrency market, with most of them trading Bitcoin and Ethereum-focused funds since the start of the year.
The listing comes as a surprise due to the ongoing U.S. government shutdown, with the Securities and Exchange Commission only retaining a few essential staff during this period.
However, HBAR’s price could rally higher in the near term thanks to this latest development.
HBAR eyes $0.23
The HBAR/USD 4-hour chart is bullish and efficient thanks to the ongoing rally, with the technical indicators suggesting a further upward rally. The MACD lines are within the positive territory, suggesting a bullish bias.
Furthermore, the RSI of 80 means that HBAR is close to entering the overbought region. If the bullish trend continues, HBAR could rally towards the next resistance level at $0.23400 over the coming hours. An extended rally would allow the coin to touch the $0.26 mark for the first time since August 22.
However, if the market undergoes a correction following this rally, HBAR could drop to the $0.18 level to cover the FVG left by the massive push. The low of $0.16 will provide support in the near to medium term to allow the coin to surge higher.
Solana ETFs’ launch has boosted institutional interest and market optimism.
Bulls target $230 as SOL holds strong above the key $200 support zone.
Technical analysis shows rising momentum with resistance near $216–$227.
The long-awaited Solana ETFs have finally been approved, sparking renewed optimism across the crypto market.
The ETFs’ approval has reignited bullish momentum, with analysts believing that the Solana price could soon rally toward $230 and beyond.
Solana ETFs debut fuels optimism
Bitwise and Canary Capital have confirmed that their individual Solana ETFs officially begin trading on October 28 after weeks of regulatory uncertainty.
Bitwise’s product, launched under the ticker BSOL, serves as a gateway for institutional exposure to Solana, featuring staking powered by Helius Labs and a temporary management fee waiver.
– First U.S. ETP to have 100% direct exposure to spot SOL – Maximizing Solana’s 7%+ average staking reward rate* – Targeting 100% of assets staked – Staking through Bitwise Onchain Solutions, powered by… pic.twitter.com/Vo8Ko0qOCn
Grayscale has also moved swiftly, converting its Solana Trust (GSOL) into an ETF holding over $105 million worth of SOL.
Meanwhile, VanEck has also filed its sixth S-1/A amendment, with its Solana ETF status officially changed to “effective” and a 0.3% management fee established.
Adding to the growing momentum, Hong Kong’s first Solana ETF also began trading on Monday, marking Asia’s initial entry into the Solana ETF landscape.
Despite this wave of institutional activity, retail demand for Solana remains subdued.
Futures open interest sits near $9.75 billion — up slightly from the previous day but still below the $10 billion mark — indicating that traders are cautious amid market volatility.
Even so, analysts believe the ETF launches signal a critical turning point for Solana, reinforcing its legitimacy as an institutional-grade digital asset and providing the foundation for its steady hold above $200.
Bulls take charge as momentum builds
While retail demand for Solana remains unresponsive, the Solana price has been climbing steadily from $190 to $205, with short positions fading quickly.
Analysts note that bearish volume profiles are weakening while liquidity accumulates at higher price levels.
This shift has tilted momentum firmly in favour of buyers, with several technical indicators confirming the strength of the ongoing rally.
On the 4-hour chart, Solana trades above both its 50-day and 200-day moving averages, reinforcing the bullish setup.
The Ichimoku Cloud analysis shows a clear breakout, with price holding above key support between $197 and $201 — a signal that often precedes extended upward moves.
The Relative Strength Index (RSI) also hovers near 62, leaving room for additional gains before overbought conditions emerge.
Analysts now eye resistance zones between $204 and $208, followed by key hurdles at $216, $227, and $230.
Notably, a confirmed close above $205 could trigger a sustained rally toward these upper levels.
If momentum continues, higher targets around $237 and $253 come into view, aligning with Fibonacci retracement levels that mark previous swing highs.
Technical patterns hint at a repeat of 2023
Market observers have compared the current structure of Solana’s price chart to its 2023 breakout phase.
Analysts such as GalaxyBTC point to an ascending triangle pattern forming on the weekly chart, defined by a series of higher lows that indicate strong accumulation.
The critical support at $188 remains intact, representing the network’s largest volume cluster where many long-term holders entered the market.
A successful breakout above $200 would confirm the pattern and potentially lead to a test of $215 and $225, echoing the bullish behaviour seen two years ago.
The broader macro picture also appears supportive.
Some traders suggest that if the US Federal Reserve signals an end to quantitative tightening, it could inject much-needed liquidity into the market — providing another tailwind for Solana’s next leg higher.
Long-term outlook stays bullish
Even as short-term traders monitor resistance near $230, long-term analysts remain optimistic about Solana’s broader trajectory.
The asset has maintained a pattern of higher lows since early 2023, and its market structure mirrors the accumulation phase that preceded its previous bull run.
Projections place potential mid- to long-term targets around $300, $390, and even $520 if momentum and institutional demand persist.
In the near term, maintaining support between $198 and $200 is crucial.
If buyers continue to defend this zone, the Solana price could strengthen further, confirming its leadership among major altcoins.
As the first wave of Solana ETFs begins trading, the market’s sentiment has clearly shifted — bears are losing ground, and bulls now have their eyes fixed firmly on the $230 milestone.
Canary Capital’s HBAR and LTC ETFs approved for launch on Nasdaq.
The ETF approvals have sparked bullish momentum for Hedera and Litecoin prices.
Institutional interest in Hedera has also grown significantly with new global partnerships.
The long-awaited approval of the Hedera ETF and Litecoin ETF has arrived, marking a pivotal moment for both assets.
With trading set to begin on the Nasdaq, investor enthusiasm has driven renewed interest in HBAR and LTC, sending prices higher as markets react to the historic development.
A breakthrough amid a US government shutdown
In a surprising turn of events, Canary Capital confirmed that its spot ETFs tracking Hedera and Litecoin will launch tomorrow on the Nasdaq.
The approval comes despite the ongoing US government shutdown, which many assumed would halt all Securities and Exchange Commission (SEC) operations.
However, a recent procedural shift allowed issuers to bypass direct SEC intervention by letting their filings automatically go effective after 20 days.
According to Canary Capital CEO Steven McClurg, both ETFs have met all legal requirements and are ready to trade.
Bloomberg ETF analysts Eleanor Terrett and Eric Balchunas confirmed that the NYSE and Nasdaq have certified the required 8-A filings, the final step before shares can begin trading.
This development follows the model used for previous spot crypto ETFs, including those for Bitcoin and Ethereum, but with an even more dramatic twist, given the timing during a government shutdown.
🚨NEW: @CanaryFunds spot $HBAR and $LTC ETFs are now effective and will begin trading on the NASDAQ tomorrow, according to CEO @stevenmcclurg.
“Litecoin and Hedera are the next two token ETFs to go effective after Ethereum,” McClurg told me in a statement. “We look forward to… https://t.co/tPjsjLEE3R
The approval of the Hedera and Litecoin ETFs has energised the crypto market, sparking fresh optimism among investors who view it as another major step toward mainstream adoption.
Hedera’s native token, HBAR, has rebounded strongly, climbing to around $0.21 at press time and reclaiming critical technical levels.
Notably, HBAR’s rise above its 20, 50, 100, and 200 exponential moving averages signals a decisive bullish shift.
At the same time, the Litecoin price is attempting to break through its stubborn $100 resistance level.
LTC price briefly spiked above the $100 mark following the ETF announcement, reflecting heightened investor interest, though it has yet to confirm a full breakout.
Technical indicators, including the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD), suggest that a sustained move above $100 could mark the start of a broader bullish reversal for Litecoin.
Market data also shows a shift in trading behaviour.
Hedera’s open interest has declined from over $500 million earlier this year to roughly $163 million, indicating reduced speculative leverage.
This suggests that HBAR’s latest rally is being driven more by genuine spot demand than by leveraged futures trading — often a sign of healthier market growth.
Institutional momentum grows for Hedera
Beyond the ETF launch, Hedera’s recent institutional partnerships have strengthened its long-term outlook.
The network has been selected to participate in the Reserve Bank of Australia’s Project Acacia, exploring the use of distributed ledger technology (DLT) in tokenised financial markets.
It has also been chosen by the Bank of England for its DLT Challenge, further cementing Hedera’s position among credible blockchain platforms with real-world use cases.
Meanwhile, asset management giant T. Rowe Price has filed for an actively managed crypto ETF that may include both HBAR and LTC, signalling rising institutional confidence in these networks.
These developments are viewed as reinforcing the credibility of both assets at a time when regulated exposure through ETFs is gaining traction.
What traders should expect
If current momentum holds, Hedera price could test higher resistance zones near $0.25 and even $0.28 in the coming weeks, while Litecoin price may finally break through the $100 ceiling that has capped its rallies for months.
However, analysts maintain that Hedera (HBAR) must stay above $0.21, which has been established as the immediate support, for the bullish momentum to build.
At the same time, Litecoin (LTC) must stay above $99.67 for the $100 to come to effect.
Citigroup teams up with Coinbase to simplify crypto-to-fiat payments for corporate clients.
Citi plans to integrate stablecoin payments, boosting speed and 24/7 transaction access.
Coinbase expands institutional reach as Wall Street embraces blockchain innovation.
Citigroup Inc. and Coinbase Global Inc. are partnering to enhance digital-asset payment solutions for the bank’s corporate clients, marking another major step by a traditional financial institution toward embracing blockchain technology.
The collaboration reflects Wall Street’s growing interest in digital assets after years of regulatory caution and market volatility.
The initiative aims to make it easier for Citi’s institutional clients to move funds between cryptocurrencies and traditional fiat currencies — a long-standing challenge in the digital economy.
The move comes as banks and payment providers increasingly explore blockchain to enable faster, cheaper, and more efficient transactions across global financial networks.
Citi eyes faster, programmable payments
The initial phase of the Citi-Coinbase partnership will focus on simplifying the process of converting crypto to fiat and vice versa, particularly for cross-border transactions.
Debopama Sen, head of payments for Citi Services, said the bank’s clients are increasingly seeking innovations that go beyond traditional transaction models.
Citi’s clients want “programmability and conditional payments and other cost and speed and efficiency aspects,” Sen said, emphasizing the growing demand for payment systems that can operate continuously and offer greater flexibility than conventional financial rails.
Sen added that Citi is also “exploring solutions to really enable on-chain stablecoin payments for our clients” in the coming months, noting that stablecoins could play a key role in the evolution of corporate payment infrastructure.
“Stablecoins will be another enabler in the digital payment ecosystem,” she said.
“It’ll help grow the space, it’ll help grow functionality for our clients.”
Stablecoins — cryptocurrencies typically pegged to fiat currencies such as the US dollar — have become one of the most promising use cases for blockchain technology.
They combine the efficiency of digital payments with the relative stability of traditional money, making them increasingly attractive for corporate transactions and settlements.
Stablecoins seen as cornerstone of digital finance growth
Citi’s “Future of Finance” team, led by Ronit Ghose, has projected that the global stablecoin market could surpass $1 trillion within five years, up from about $300 billion today.
This growth outlook underscores how blockchain-based assets are rapidly evolving from speculative investments to tools for practical financial operations.
The collaboration with Coinbase follows Citi’s earlier introduction of a blockchain platform that enables institutional clients to move tokenized deposits around the clock within the bank’s internal network.
This system offers clients real-time settlement capabilities, reducing the delays and costs associated with traditional payment systems such as ACH and wire transfers.
Coinbase’s institutional infrastructure expands
Coinbase, one of the world’s leading digital-asset exchanges, brings extensive infrastructure and experience to the partnership.
The company works with more than 250 banks and financial institutions globally, according to Brian Foster, Coinbase’s global head of crypto-as-a-service.
“Coinbase has spent years developing very specialized infrastructure,” Foster told Bloomberg News, adding that traditional financial institutions are increasingly seeking partnerships across various crypto-related services — from spot and derivatives trading to custody, staking, and payments.
Foster said that growing interest in stablecoins, crypto exchange-traded funds (ETFs), and tokenized assets is prompting more financial institutions to engage with blockchain-based systems.
As Citigroup and Coinbase explore new ways to bridge traditional banking and digital assets, their collaboration signals how mainstream finance is steadily integrating blockchain into its infrastructure — moving beyond experimentation toward real-world adoption.
Reliance Global Group adds Solana to diversify its financial holdings.
The company’s crypto portfolio includes exposure to Bitcoin, Ethereum, XRP and Cardano.
Investing in Solana allows Reliance to proactively embrace blockchain innovation.
Reliance Global Group Inc. (NASDAQ: RELI) has expanded its cryptocurrency portfolio with the addition of Solana (SOL), marking another step in its ongoing digital asset treasury strategy.
The move positions the company among a growing list of publicly traded firms integrating blockchain-based assets into their corporate balance sheets.
The announcement, made on October 27, 2025, confirms that Reliance now holds five of the top ten cryptocurrencies by market capitalization — Bitcoin, Ethereum, Cardano, XRP, and Solana.
The addition underscores the company’s belief in the long-term potential of blockchain technology and its applications in both finance and enterprise innovation.
Reliance expands its Blockchain exposure
Reliance’s decision to purchase Solana represents a milestone in its broader digital asset diversification strategy.
The company described the acquisition as part of its disciplined approach to building exposure across major blockchain ecosystems.
“By adding Solana alongside Bitcoin, Ethereum, Cardano, and XRP, we continue to execute our disciplined strategy of diversifying across leading blockchain ecosystems,” said Moshe Fishman, a member of the Reliance Global Group Crypto Advisory Board and Director of Insurtech at Reliance. “Solana represents the next generation of blockchain performance — built for real-world adoption and institutional-scale applications.”
Solana, currently the sixth-largest cryptocurrency by market capitalization at over $110 billion, has become increasingly attractive to corporate treasuries and institutional investors.
Known for its hybrid Proof-of-Stake and Proof-of-History consensus mechanisms, Solana can process over 65,000 transactions per second, with blocks confirming in about 400 milliseconds.
The blockchain’s scalability and efficiency have made it a favored platform for decentralized finance (DeFi), non-fungible tokens (NFTs), and Web3 applications.
Fishman noted that expanding into Solana aligns with Reliance’s commitment to innovation while maintaining a balanced approach to governance, security, and compliance.
Institutional interest in Solana grows
Solana’s inclusion in Reliance’s treasury comes amid growing institutional and corporate interest in the blockchain.
Its expanding ecosystem — spanning DeFi protocols, tokenized real-world assets, and NFT platforms — continues to drive adoption.
Market analysts point to the increasing appeal of Solana as a potential treasury asset, bolstered by the anticipation of regulatory approval for spot Solana exchange-traded funds (ETFs).
The token traded near $200 on October 27, reflecting broader optimism surrounding blockchain utility and scalability.
Reliance’s move follows similar announcements by other public companies in recent months, as corporate treasuries diversify away from traditional assets to hedge against inflation and capture long-term value in digital markets.
Solana treasury companies
The addition of Solana to Reliance Global Group’s treasury is a strategic effort that many other public companies have tapped into across the market.
SOL’s price has largely benefited from the sentiment around these efforts.
While DeFi, NFTs and RWA traction stands out, Solana’s native token has received notable upside momentum from the growing treasury asset plays.
Forward Industries, Solana Company, Upexi, DeFi Development Corp, Sol Strategies and Sharps Technology are among the top SOL treasury companies.
Data from CoinGecko shows the 10 leading public companies cumulatively hold over 15.7 million SOL, currently worth over $3.18 billion.
