Hedera’s shot towards a fresh all-time high relies on multiple ETF submissions due for decisions this quarter.
With the most recent political developments pointing towards a resumption of the United States (USA) government, crypto market watchers are peeling their eyes on the upcoming ETF dates.
White House economic adviser Kevin Hassett has told CNBC this week that the so-called “Schumer Shutdown” is about to get cancelled and the United States (USA) politicians can head back to work. Namely, the Schumer reference links to the Senate Minority leader Chuck Schumer who’s blamed by the leading party for the three-week long political havoc.
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Kevin Hassett, one of Donald Trump’s close allies, has previously disclosed over $1 million in Coinbase (COIN) stock shares, so the promise to carry on “negotiations in regular order” once the shutdown concludes is highly relevant to the crypto industry, especially major-cap altcoin ETF candidates like the DLT-based Hedera Hashgraph (HBAR).
Awaiting multiple decisions in Q4 of 2025, HBAR is named in 6 different ETF submissions, with approval odds between 60% & 80%, per Gilmore Estates. Out of the three stand-alone HBAR ETF pitches registered by Grayscale, Canary Capital & Rex-Osprey, Canary stands out as having completed NASDAQ procedures already, with fee structure & product tickers exposed.
HBAR Price Aspires For $0.60 After 4-Year Wait
Hedera Hashgraph’s native HBAR coin is actively printing a descending channel on the price charts, which hints at a strong bullish wave approaching. While the exact timing of this is not known, the structural implications of HBAR’s price movement hint at three pivotal checkpoints before reaching the ultimate cycle target of $0.60.
Before reaching that, Hedera’s native crypto currency has mid-term targets across the levels of $0.23, $0.30 & $0.40. The Distributed Ledger Technology (DLT) servicing altcoin is 69.6% down from the all-time peak of $0.569, hit on September 15, 2021. With the United States government now likely back on track, HBAR’s price could hit price discovery if the ETF deadlines are met.
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