HBAR Token Rallies 8% Ahead Of Nasdaq ETF Debut — Anthony Scaramucci Describes It As The ‘Sound Of Inevitability’

Hedera (CRYPTO: HBAR) is trading higher late Monday ahead of the launch of its spot exchange-traded fund on Wall Street.

HBAR Bucks Market Decline

The $8 billion-valued cryptocurrency rallied over 8% in the last 24 hours, with trading volume more than doubling to $421 million.

HBAR resisted the market-wide correction, which saw heavyweights like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) retrace 0.80% and 2.56%, respectively.

The rally piqued the interest of derivatives traders, with open interest in HBAR futures surging 29% over the last 24 hours, according to Coinglass. 

Additionally, more than 55% of Binance …

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