HBAR (Hedera) fell 6.52% in the last 24 hours.

Gate News Bot message, on November 4th, according to CoinMarketCap, as of the time of writing, HBAR (Hedera) is currently priced at $0.17, falling 6.52% in the last 24 hours, with a high of $0.21 and a low of $0.17, and a 24-hour trading volume of $456 million. The current market capitalization is approximately $7.264 billion, a decrease of about $506 million from yesterday. HBAR is currently ranked 19th in the Crypto Assets market capitalization leaderboard.

Important news about HBAR recently:

1️⃣ The US SEC is about to make a decision on Grayscale HBAR spot ETF The U.S. Securities and Exchange Commission (SEC) will make a final decision to approve or deny Grayscale's HBAR spot ETF application by November 12. If approved, this will become the first HBAR spot ETF in the U.S., providing investors with a regulated channel to access Hedera's native token HBAR. This move reflects the continuing rise in institutional demand for altcoin ETFs amid tightening regulations.

2️⃣ Hedera network will soon deprecate the Alpha state proof feature Hedera has officially announced that it will gradually phase out the Alpha Status Proof (ASP) feature starting on December 2, 2025, and plans to completely discontinue it by February 10, 2026. The ASP feature was initially introduced as an experimental mechanism to provide developers with cryptographically verifiable proof for specific transactions on Hedera. This change indicates that the Hedera network is undergoing a technical upgrade, which may affect some developers and applications.

3️⃣ HBAR spot ETF debut performance is flat The Canary HBAR ETF (stock code HBR) officially listed on Nasdaq on October 28, becoming the first US spot ETF for HBAR. The trading volume on its first day reached $8.63 million, with a total net asset value of $1.09 million, and the HBAR net asset ratio (the market capitalization relative to the total market capitalization of HBAR) was 0.01%. However, compared to the Solana spot ETF listed on the same day, its asset scale is relatively small, falling below market expectations.

From a technical perspective, the HBAR price fluctuates between $0.17 and $0.21, showing a downtrend in the short term. Investors need to closely monitor the SEC's decision on the HBAR spot ETF and the potential impact of Hedera network technology updates on the ecosystem, as these factors may significantly influence HBAR's future trend.

This message is not an investment advice, investors should be aware of market volatility risks.