Hedera ETF absorbs 1% of $HBAR total supply

Connections with institutional investors ivyAccording to , the native token currently accounts for nearly 1% of the network’s capped supply. Verified ETF Disclosure From late December 2025.

Daily holdings data shows that Canary Capital’s Spot HBAR exchange-traded fund has accumulated approximately 473 million HBAR tokens, representing approximately 0.95 percent of Hedera’s fixed assets. Supply of 50 billion tokens. The numbers confirm that regulated investment products, rather than retail speculation, are driving this concentration, and mark a visible shift in the way U.S. market participants access exposure to HBAR.

Verified ETF holdings and supply status

This accumulation was first publicly highlighted in a post on December 29, 2025. X account @altcoinbuzziostates that holdings increased by approximately 8 million HBAR in the last week of December. Independent verification via daily ETF disclosure reports supports that claim. As of December 24, 2025, Canary Capital’s HBAR ETF reported holdings of approximately 473,167,521 HBAR tokens, with a small cash balance set aside for liquidity management.

The total supply of HBAR is limited to 50 billion tokens, and this figure is established on the Hedera network. Unique economic design. The circulating supply at that time was approximately 42.5 billion tokens, and the ETF’s holdings would be equivalent to just over 1% of actively circulating HBAR and just under 1% of the total cap.

Canary Capital and HBR ETF Structure

Canary Capital Group, a US-based digital asset management company, Spot HBAR ETF The fund trades on the Nasdaq and is the first U.S.-listed spot ETF to offer direct exposure to Hedera’s native token, following previous approvals for Bitcoin and Ethereum products.

The ETF operates with a standard spot structure, with shares representing beneficial interests in the underlying HBAR holdings rather than derivative exposure. Custody is managed by regulated digital asset custodians such as Coinbase and BitGo, as confirmed in the fund’s registration filing with the U.S. Securities and Exchange Commission. The ETF has an expense ratio of 0.95% and updates its holdings daily to support net asset value transparency.

ETF holdings data shows that HBAR exposure has steadily increased since inception, rather than a single large inflow. As of November 3, 2025, the Fund held approximately 262.9 million HBAR tokens. By December 3rd, the holdings had increased to approximately 459.7 million tokens, and by December 9th, they had reached approximately 465 million tokens. The most recent addition of approximately 8 million HBAR occurred between December 24 and December 28, coinciding with a reported net inflow of $1 million on December 24 alone.

This pattern suggests incremental accumulation tied to an investor’s subscription rather than a one-time allocation. Volume in HBR stock has remained relatively low, with around 10,500 shares traded on December 29, supporting the view that the ETF is still in the early adoption stage rather than speculative demand.

Hedera’s relationship with network economics

Hedera operates on a proof-of-stake consensus model designed for enterprise-grade throughput and predictable transaction costs. HBAR serves multiple functions within the network, including staking, transaction fee payments, and security incentives. While the concentration of HBAR within an ETF structure does not completely remove the token from circulation, it may impact short-term liquidity dynamics as storage is moved from personal wallets to institutional-grade storage.

From a tokenomics perspective, ETF holdings remain modest relative to circulating supply, but their transparency is notable. Unlike opaque wallet clusters, the tokens held by ETFs are disclosed daily, giving a clearer picture of institutional exposure. This level of disclosure is in contrast to private fund holdings and offshore products, where positions are often reported quarterly or not at all.

What happened to Hedera’s ecosystem?

The accumulation of HBAR through regulated ETFs coincides with extensive institutional involvement in the Hedera ecosystem. Over the past year, Hedera’s Governing Council has expanded the participation of companies, including financial institutions considering tokenized collateral and settlement workflows. Separate efforts around real-world asset tokenization and decentralized identity frameworks have also been announced, positioning Hedera as an infrastructure layer rather than a retail-focused payments network.

In parallel, the potential investor base has been expanded by listing the HBR ETF on major securities platforms, including access through the distribution channels of leading asset managers. While initial inflows are modest compared to large Bitcoin ETFs, this structure provides a compliant route for both institutional and accredited retail investors to gain exposure without managing private keys or on-chain storage.

conclusion

The confirmation that the Hederalink ETF now holds close to 1 percent of the total supply of HBAR is a de facto milestone based on published data, not marketing. Canary Capital’s HBR ETF has accumulated approximately 473 million tokens with steady inflows since its inception in October 2025, accounting for a significant but still limited share of the network’s overall supply.

This development highlights the transition to regulated and transparent exposure to HBARs without significantly impacting the market. As ETF adoption continues to be monitored through daily disclosures, the significance of these holdings lies less in their size and more in what they reveal about institutional access, custody standards, and the evolving structure of digital asset markets.

source:

• Yahoo Finance: HBAR ETF Real-time Price Tracker
• Hedera website: HBAR Financial Management
• Coin desk: HBAR ETF debut