21Shares Launches Hedera HBAR ETP ‘HDRA’ for Institutional Investors AllinCrypto June 3, 2025
21Shares has launched its first exchange-traded product (ETP) for Hedera Hashgraph, titled ‘HDRA’, to the surprise of the Hedera community.
This marks the first time a HBAR ETP is available to institutional investors through 21Share’s first-rate, regulated financial products.
The ETP is backed entirely by Hedera HBAR tokens and will be listed on multiple approved brokerages across Europe, including Euronext, eToro, Degiro, and Saxo Bank.
Hedera Hashgraph gains new ETP with 21Shares’ HDRA product
With $200,000.00 in assets under management, HDRA launched on June 2, 2025, with a token price of $20.00, based on the real-time value of HBAR at the time.
For institutional investors, HDRA offers a new opportunity to gain exposure to Hedera’s native asset without needing to manage the underlying asset on cryptocurrency exchanges or web3 wallets.
It also represents a major milestone for the Hedera ecosystem, which has steadily grown in adoption among enterprises and institutional entities with a governing council made up of Google, IBM, LG, and more.
21Shares has been a long-time supporter of the Hedera blockchain. Its current president, Duncan Moir, is a member of the Hedera Council and has spoken publicly on Hedera’s use cases.
From 21Shares:
The 21Shares Hedera ETP (ticker “HDRA”) offers investors a liquid way to integrate the ETP, which tracks HBAR, into their portfolios through their bank or broker, tapping into Hedera’s unique role in bringing blockchain technology to real-world business applications.
Hedera ETFs and enhanced DeFi expected in 2025
The firm’s launch of an HBAR ETP has raised expectations that a Hedera ETF can soon follow, especially in light of recent comments from Bloomberg ETF analyst Eric Balchunas, who identified Hedera and Litecoin as top altcoin candidates for ETF approval in 2025.
The release of HDRA also coincides with a new phase for the wider Hedera ecosystem. The Hedera Foundation recently introduced a refreshed visual identity.
In a public blog update, Charles Adkins from the Hedera Foundation emphasized that artificial intelligence, decentralized finance, and enhanced enterprise adoption will be a core focus area throughout 2025 for HBAR.
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