The Canary HBAR ETF Now Holds 1.3% of All Hedera: A Floor or a Ceiling?

The Canary Capital HBAR ETF now holds about 549 million HBAR, roughly 1.3% of circulating supply, sparking debate on whether it creates a price floor or ceiling. While the ETF provides regulated US access and may absorb supply, it’s not a permanent supply cut, as redemptions can return tokens to the market. Hedera’s strong enterprise news (McLaren on Governing Council, 70B+ lifetime transactions) hasn’t moved price above $0.10. Forecasts vary, with a potential floor around $0.09–$0.14 and upside risks tied to actual network usage translating into value for holders.