A Hedera Spot ETF would offer a regulated investment vehicle that makes it easier for investors to gain exposure to HBAR without direct crypto management.

In a major boost for crypto enthusiasts, Grayscale Investments recently filed with the US Securities and Exchange Commission (SEC) to launch a Hedera (HBAR) Spot 

 (ETF), following a similar move by Canary Capital. This exciting step is set to bridge traditional finance and the digital asset worlds by offering investors a familiar, stock-like way to tap into blockchain innovation. In this article, we explain how the proposed spot ETF will work, explore its current landscape and discuss the potential impact on both individual investors and the broader crypto market.

A Hedera Spot ETF is an exchange-traded fund that tracks the price of Hedera assets in real time. It directly holds 

’s native token, HBAR, providing investors with direct exposure to Hedera's market performance.

The Hedera network stands out, thanks to its innovative hashgraph consensus mechanism, which offers faster transaction speeds and lower costs as compared to traditional blockchains. A Hedera Spot ETF would give investors a simple, direct way to tap into Hedera's native cryptocurrency, HBAR, by mirroring its current market price. Structured as a trust, the ETF's main goal would be to hold HBAR tokens, and it would be passively managed — designed to track HBAR’s performance without engaging in active trading.

In order to establish the ETF, authorized participants (APs), typically large financial institutions, would acquire HBAR tokens from cryptocurrency exchanges or OTC markets and deliver them to the ETF’s custodian in exchange for ETF shares. These tokens would then be securely stored in digital wallets managed by the registered custodians, who employ robust security measures, including cold storage solutions, to protect against potential threats.

The authorized participants (APs) maintain the ETF's liquidity and price alignment with the underlying asset. They can create new ETF shares by delivering HBAR tokens to the fund in exchange for ETF shares, or redeem existing shares for the equivalent amount of HBAR. This creation-and-redemption process helps keep the ETF's market price in line with the net asset value (NAV) of its holdings.

Once launched, the ETF shares would be listed and traded on traditional stock exchanges, such as the Nasdaq-100. Investors could buy and sell these shares through their brokerage accounts, similar to trading stocks. This structure offers a familiar and regulated avenue for investors to gain exposure to HBAR without the complexities of directly handling cryptocurrencies.

The ETF would be subject to regulatory oversight by financial authorities, such as the SEC. This oversight ensures transparency, investor protection and adherence to established financial regulations. 

Current landscape of Hedera Spot ETF applications

Canary Capital (and more recently, Grayscale Investments) have both filed with the SEC for a Hedera Spot ETF. This filing represents a significant step toward offering investors regulated exposure to HBAR. Eric Balchunas, Senior ETF Analyst at Bloomberg, has 

 Hedera (HBAR) and Litecoin (LTC) are the altcoins with the strongest likelihood of securing SEC approval for spot ETFs. This optimism is bolstered by the SEC's recent approval of Spot Bitcoin and Ethereum ETFs, suggesting a more favorable regulatory environment for additional cryptocurrency ETFs.

The approval process for a Spot Hedera ETF involves a few key steps. First, the 

 needs to be acknowledged by the SEC. Once this takes place, the filing will be published in the Federal Register, kicking off an initial review period that typically lasts around 45 days but can be extended if necessary. Although exact timelines are hard to predict, industry experts believe that, given the current regulatory environment, these ETFs could receive approval within the next few months.

Current impact of Hedera Spot ETF applications on the crypto market

The prospect of regulated investment vehicles such as ETFs introduces a layer of legitimacy to HBAR, positioning it as an institutional-grade asset. This regulatory clarity is pivotal in attracting traditional investors who may have previously been hesitant to enter the crypto space. The anticipation surrounding these ETF filings has also led to significant price movements. For instance, HBAR experienced a 

 as it reached a value of approximately $0.24 following Nasdaq's filing (on behalf of Grayscale) for a Hedera Spot ETF, reflecting the market's enthusiasm. 

In addition to price appreciation, trading volumes for HBAR have seen a substantial uptick. The token's trading volume 

, marking a 50% increase and indicating strong market engagement. Despite some fluctuations in network activity, overall market sentiment toward HBAR remains optimistic. Investors are actively accumulating positions in anticipation of potential ETF approvals, which could further drive demand and positively impact prices.

What will it mean if a Hedera Spot ETF application is approved?

Approval of a Hedera Spot ETF could be a significant milestone for both the cryptocurrency market and traditional finance. One of the most exciting prospects is that of increased institutional adoption. Large financial players could confidently add HBAR to their portfolios, validating Hedera's innovative technology and potentially boosting liquidity and market stability.

At the same time, a regulated ETF would simplify the investment process for both retail and institutional participants. Instead of managing digital wallets or navigating complex exchanges, investors could gain straightforward exposure to HBAR through a familiar, stock-like instrument. This ease of access might attract a broader range of investors, including those who have been cautious about entering the crypto space.

The mere anticipation of ETF approval has already had a positive impact on HBAR’s market value, with notable price surges following these major filings. Official approval could further drive investor confidence, leading to sustained price appreciation.

Also, such an approval would underscore the legitimacy of Hedera’s unique consensus algorithm and governance model, potentially paving the way for similar financial products in the crypto arena. It could also signal a shift in the regulatory environment, encouraging a more innovation-friendly approach from the SEC toward cryptocurrency-based investment products.

The prospect of a Hedera Spot ETF marks a pivotal shift, connecting traditional finance with the crypto world by offering regulated, simplified access to HBAR. It provides a familiar, stock-like investment vehicle that could attract a broader investor base. Recent filings and positive market sentiment suggest that approval is on the horizon, potentially boosting HBAR’s price and pushing greater institutional adoption. 

Ultimately, an approved ETF would not only validate Hedera’s technology, but also pave the way for more crypto-based financial products in a rapidly changing regulatory environment.

Intermediate

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Hedera Spot ETF: Facilitating easier access to HBAR for investors

EigenLayer has expanded its role in Ethereum’s modular security with new integrations, as Mantle Network and ZKsync adopt EigenDA for data availability, while ZKsync also incorporates EigenLayer’s AVSs for decentralized zk proving.

The S&P 500 rose 1.08% as all sectors advanced after the Fed reaffirmed plans for two rate cuts this year. Powell downplayed inflation risks from Trump’s trade policies, while investors await jobless claims data and key earnings reports. Gold hit a record $3,052 as the Fed held rates, signaled cuts, and geopolitical tensions escalated. Markets await the Fed’s policy decision. The Coindesk Indices, which tracks the broader crypto market, rose by 5.14%, with Bitcoin and Ether up by 3.89% and 6.80% in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is XRP, up 9.0% after the SEC drops its appeal, solidifying Ripple's victory and a win for crypto regulations.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, ending a four-year lawsuit. CEO Brad Garlinghouse called it a historic win for crypto, affirming that XRP is not a security. The case set a legal precedent and paves the way for clearer U.S. crypto regulations.

Check out the latest prices, charts, and data of 

 its role in Ethereum’s modular security with new integrations, as Mantle Network and ZKsync adopt EigenDA for data availability, while ZKsync also incorporates EigenLayer’s AVSs for decentralized zk proving. EigenLayer dominates Ethereum restaking with $9.4 billion in TVL, far surpassing Symbiotic’s $1 billion, partly due to the absence of slashing risks. Mantle replaces its limited MantleDA with EigenDA, improving scalability and security, while ZKsync integrates EigenDA and EigenLayer AVSs to decentralize its proving system. These moves reinforce EigenLayer’s position in Ethereum’s scaling and security ecosystem.

Yesterday, BTC spot ETFs saw a total inflow of $11.8M, with GBTC adding $5.4M and non-GBTC ETFs contributing $6.4M.

Exabits, a decentralized AI infrastructure platform, has launched its Community Incentive Program, offering a 

. Participants can earn points by completing free tasks via the Exabits Airdrop Portal and Zealy. More tasks will be added soon, and users are encouraged to check back regularly.

Beginner

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EigenLayer expands Ethereum security with Mantle integrations

This is a thought leadership article written by Shunyet Jan. Shunyet is Bybit's Head of Institutional and Derivatives.

Before joining Bybit, I began my career on Wall Street and later transitioned into algorithmic and high-frequency trading in Asia. During that time, I noticed how established institutional players — banks, hedge funds and major asset managers — dominated the forex and commodities trading landscape, making it tough for new players to break in.

Fast-forward to today — as Bybit's Head of Institutional and Derivatives, I'm helping institutional trading evolve by merging it with innovative digital tools, all while focusing on a more inclusive approach. Our aim at Bybit is to simplify global market access for a broad range of traders, acting as a seamless bridge between crypto and traditional markets.

Global forex and gold trading boast average daily volumes of 

, respectively. These markets have historically operated via traditional systems in which banks and brokers handle orders and take their cuts. This model has created high trading costs and a barrier to the market. Over time, though, online brokerages have introduced a more efficient way to trade gold and forex, offering participants around the globe cheaper fees and more direct access.

Artificial intelligence (AI), machine learning (ML) and algorithmic strategies have also entered the picture. Instead of manually placing orders and dealing with human error, many traders now automate and fine-tune their tactics. This shift toward more sophisticated technology has improved execution speeds and led to fewer slipups. The next phase of commodities and forex innovation involves bringing it closer to crypto: tying 

 and digital platforms to traditional currency markets is creating an exciting chance to reshape trading altogether.

At Bybit, we're committed to integrating traditional finance with digital assets. One great example is our move to accept 

 (USDT) as collateral for forex and commodities trading. This step goes beyond simply merging two distinct markets: it represents a tangible push toward a world in which institutional traders can operate seamlessly across different asset classes, without unnecessary conversions or barriers.

One concrete way we're bridging Gold&FX with crypto is by connecting MetaTrader 5 (MT5) to Bybit. With 

, anyone can tap into a range of markets — from crypto perpetuals and forex to indices and gold — all in one place. This unified approach means traders can try various strategies without juggling multiple accounts. It's a time-saver, especially for professionals who thrive on quick adjustments.

The onboarding process is simple. After setting up an MT5 account, traders can access up to 500x leverage, trade more than 100 pairs and enjoy focused 24/7 customer support. MT5 itself offers advanced charting tools and a wealth of indicators, perfect for traders who want precise data. We also include our 

 feature, which allows traders to program their own automated strategies and react to market shifts in real time.

USDT as a game-changer in Gold&FX trading

On MT5, traders can use Tether USD (USDT) for gold and forex trading. This means they can jump into traditional markets directly from their crypto balances. There's no extra step of converting to fiat currency and waiting on banking systems, which often leads to unnecessary fees and delays. The result is a more fluid path between crypto and traditional markets.

In fact, since the introduction of USDT collateral, more than $3 billion in trades involving forex, gold and equity index CFDs have taken place on Bybit. Stablecoins such as USDT speed up settlements and often reduce overall trading costs. In addition, they can serve as a defense against sudden shifts in fiat exchange rates. 

Spearheading the Gold&FX market's evolution

Technology has lowered the traditional hurdles of high fees, complex processes and geographic barriers. At Bybit, we want to bring digital innovation to the gold and forex markets by offering advanced tools, in-depth liquidity and a clear path to trade.

Ultimately, we're working toward a trading ecosystem that will let you switch effortlessly between digital and traditional assets. Instead of slowly adapting to new technology, we're pushing boundaries and ensuring that Bybit stands at the leading edge of financial innovation.

For me, it's not just about introducing novel tools — it's about rethinking how people engage with the global economy. Gold&FX and crypto don't have to exist in separate silos. By bringing them together under one roof, we're paving the way for a more dynamic and transparent financial future. As this convergence gains momentum, Bybit remains committed to developing user-friendly solutions that cater to the evolving needs of the market.

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Gold&FX Trading: How Bybit is bridging traditional markets with crypto

Explore 11 amazing perks of the Bybit Card, from earning cashback to securing rewards and seamless crypto payments. See how it makes spending crypto easier!

Transacting using your crypto assets shouldn’t be complicated. As such, Bybit has created a way to make life easier for its users through the Bybit Card,

 that doesn’t have annual or monthly fees and offers exclusive benefits, including up to 10% cashback and 100% rebates on selected partners. 

Read on to discover all the perks you can enjoy when using your Bybit Card.

The following are some of the unique selling points of the Bybit Card.

Over 100 million merchants accept the Bybit crypto debit card. All you need is to shop and pay at stores that display the Mastercard logo. As one of the leading global electronic payment providers, Mastercard has an expansive merchant network around the world. 

Bybit’s strategic partnership with Mastercard provides a secure platform for its users to conveniently pay for goods and services using cryptocurrencies.

Currently, you can select and pay anytime, with one of the following eight cryptocurrencies using your Bybit Card — 

 (BNB). The transaction process is fast and straightforward since it is done directly from your Bybit account through an intuitive and user-friendly dashboard. We're also adding more crypto options and allowing multi-asset spending in a single transaction in the future, so stay tuned for the upcoming developments!

At Bybit, keeping our customers' funds safe is a priority. For that reason, we saw Mastercard as a perfect fit, since their platform observes strict security standards to prevent loss of funds and customer information.

The Bybit crypto debit card is enabled with 

, a cutting-edge fraud prevention technology that allows for consumer authentication when making online payments. When using your Bybit Card, you can comfortably shop knowing that there’s an additional layer of security present to keep fraudsters at bay.

You can earn from 2–10% cashback, depending upon your Bybit VIP level. If you’re a regular Bybit card user, you’ll earn 2% cashback capped at 10 USDT every month. Meanwhile, if you’re a Supreme VIP user, you can receive 10% cashback (up to a maximum of 600 USDT per month). You can also enjoy 100% merchant rebates on Netflix, Spotify, Amazon Prime, ChatGPT and TradingView subscriptions, in addition to a 50% airport lounge access discount. 

Bybit Card’s exciting Rewards Program lets you earn Bybit Card Rewards Points every time you pay using our crypto debit card. Just like with cashback, the point multipliers and monthly caps for your Reward Points vary according to your VIP level. Supreme VIP users can enjoy 50-point multipliers capped at 

. Depending upon the Rewards Points accumulated, you can redeem them for different rewards at the 

. Auto Cashback activation is among the redeemable rewards from the Rewards Market. 

, you can also earn up to 12% cashback and receive 12% off on selected merchandise in the Rewards Market, unlocking even more savings as you claim exclusive rewards.

 function to automatically earn interest on your idle crypto assets in Flexible Savings, which can be automatically redeemed to spend with your Bybit Card. 

After you activate the Auto-Savings function on your card, the system will automatically transfer your funds from your 

 to stake in Flexible Savings plans daily at 10AM UTC. 

Note that your assets will only be staked if the minimum eligible staking amount is met, and the Auto-Savings function can help you stake up to the maximum investment amount. However, if your amount is insufficient or exceeds the maximum limit, your subscription will fail for that day.

 whereby referrers can receive 20 USDT, while referees can earn 10 USDT when they spend more than 100 USDT or its equivalent within 30 days of applying for the card. You can claim your reward at the Rewards Hub within 10 days of your referee’s completion of their task.

The Bybit Card comes in two versions: physical and virtual. The Virtual Bybit Card is free, and you can instantly 

Meanwhile, the physical Bybit Card may incur an application fee of 5 EUR/USDT, depending upon the region. You can make both online and contactless payments with a physical Bybit Card at retail stores using POS terminals that support contactless payments. 

The virtual card also comes with limited time–only exclusive designs created specifically for various campaigns, such as the Tomorrowland Brasil Pre-Sale Tickets event in April 2025, the 

 event in November 2024. In the first half of 2025, selected users can even enjoy a 

Bybit has over 20 trading products available on its exchange, including 

. With the Bybit Card, you can easily and quickly off-ramp your earnings and spend them to make online payments.

As a customer-centric platform, Bybit provides 24/7 multilingual customer support for all its products, including the Bybit Card. We have a team of dedicated live agents to address any questions, concerns or inquiries related to your Bybit Card.

The Bybit Card is a versatile crypto debit card that offers a multitude of benefits, including up to 10% cashback, a Rewards Program for you to redeem exciting rewards and the ability to earn interest on your idle crypto. You can reap advantages from it by using it actively or simply holding on to it, making it a truly outstanding card to possess. 

In the first half of 2025, Bybit Card will further cement its status as one of the top-tier crypto cards in the market with enhancements such as an improved Rewards Program, stronger fraud protection, a redesigned intuitive dashboard, wearables connectivity and complimentary family cards. With all these exciting updates on the horizon, it may be time for you to sign up for a Bybit Card now and enjoy all of its perks.

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11 amazing benefits of using the Bybit Card

Bybit Learn

Bybit Guide

Would you like to close a position in order to realize a profit or a loss? There are multiple ways to close a position on Bybit: Close

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Would you like to close a position in order to realize a profit or a loss? There are multiple ways to close a position on Bybit:

Head over to the Positions tab. There, you can close a partial (or an entire) position by clicking on either the 

    (b) Select a proportion of the closing quantity

    (b) Enter the closing quantity, or

Select a proportion of the closing quantity

For Inverse Perpetual and Inverse Futures Contracts (in One-Way Mode)

, you may place a new order in the opposite direction of your current position in the order zone.

In this example, a trader is holding a long position of 10,000 BTCUSD contracts. To close 50% of the position, he or she can place an order for 5,000 short positions. This will close off 5,000 existing long positions once the order has been filled.

Ensure that you are in Hedge Mode. If you are not currently in Hedge Mode, select the settings button located on the top right corner of the trading page, as shown below to set your trading preferences. Once done, proceed to the 

In order to set TP/SL at the same time as order placement, please indicate your order quantity and check the 

Set up your TP/SL order parameters accordingly:

. Then, enter your desired TP/SL level and select your preference of 

. Next, choose if you want to take profit by 

Under TP/SL for current order or partial position, you can set up a TP/SL limit order. A TP/SL limit order works similarly to conditional limit order with 

. You will need to set up both TP/SL trigger price and the limit order price. Please note that there is no guaranteed execution for TP/SL limit orders. 

under the TP/SL for your open position and enter your desired TP/SL level. Then, select your TP/SL mode of either 

With these parameters set, your TP/SL order will be automatically applied to your position once the order is partially/entirely filled, based on your selected preferences.

Cancel your TP/SL based on your TP/SL preference. If it is 

icon next to your trigger settings, then click on 

on the respective TP/SL order you want to remove. You can also click on 

How to Close a Trade on Bybit

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards