World’s First Hedera (HBAR) ETP Launched By Hashgraph Association And Valour

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As a researcher with a background in blockchain technology and digital assets, I’m thrilled about the recent collaboration between DeFi Technologies’ subsidiary Valour Inc. and The Hashgraph Association to launch the world’s first Hedera (HBAR) ETP. This development is significant because it offers investors direct exposure to the HBAR cryptocurrency, making it easier for them to access and leverage the functionalities of the Hedera network.

In a groundbreaking move that garnered attention in the cryptocurrency sector, Valour Inc., a subsidiary of DeFi Technologies, announced a partnership with The Hashgraph Association. Together, they introduced the world’s first Exchange Traded Product (ETP) for Hedera Hashgraph (HBAR) at the Frankfurt Stock Exchange on June 18. This launch was highlighted during the closing bell ceremony.

The announcement about a new crypto-backed ETP for Hedera (HBAR) quickly spread around the world, gaining significant attention following in the wake of recently launched Bitcoin and Ethereum spot ETFs. Simultaneously, the Hedera price surged by almost 6% due to this news making waves in the financial sector.

Hedera (HBAR) ETP: What’s The Scoop?

At the Frankfurt Stock Exchange’s closing bell ceremony, Valour Inc., a notable figure in the world of digital asset exchange-traded products (ETPs), introduced the Valour Hedera (HBAR) ETP. This new ETP is designed to give investors easy access to investing in the HBAR cryptocurrency directly. With this latest offering, Valour Inc. strengthens its presence on a global scale within the digital asset ETP market.

As a crypto investor, I’m excited about Elaine Buehler’s announcement of Valour’s world-first Hedera (HBAR) Exchange-Traded Product (ETP). This isn’t just another investment opportunity; it’s a gateway for us to effortlessly access and harness the capabilities of the Hedera network. By launching this product, Elaine simplifies the investing process, allowing us to be part of the future of enterprise blockchain technology with unparalleled ease and security.

Stefan Deiss, Co-Founder and Board Director of The Hashgraph Association, announced with delight their partnership with Valour to introduce the first HBAR Exchange-Traded Product (ETP) globally. He stated, “This milestone aligns with our objective to attract institutional investors to the Web3 realm and provide them with a novel and diverse investment opportunity in bankable digital assets for portfolio enhancement.”

At the same time, following in the footprints of Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Products (ETPs), Harmony (HBAR) has generated buzz with its latest initiative.

HBAR Price Rallies

When the market announced the news, the price of HBAR experienced a 6.10% increase, reaching a value of $0.08159. The token’s lowest point in the last 24 hours was $0.07359, while its highest point was $0.08186.

Previously, the introduction of a Bitcoin Exchange-Traded Product (ETP), like the spot Bitcoin ETF, led to a significant price surge for Bitcoin. In contrast, Ethereum has not experienced such a dramatic price change following its ETF approval. This discrepancy has fueled curiosity among investors regarding HBAR‘s potential future growth.

As an analyst, I’ve observed that even though the RSI remained close to 34, this actually indicated downward pressure on HBAR. However, if HBAR were to enter oversold territory, there’s a strong possibility of a price rebound for the token. Moreover, the upcoming launch of an Exchange-Traded Product (ETP) could potentially inject significant capital into the ecosystem, leading to a potentially bullish trend in the future price movement of HBAR.

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2024-06-19 11:02