How Big Could Institutional Inflows Be for a Hedera (HBAR) ETF? AllinCrypto August 14, 2025
A Spot Hedera HBAR ETF could come as soon as late 2025. During the first days that Bitcoin ETFs launched in early 2024, +$4B in inflows were gained, making BTC ETFs one of the most successful in history.
BlackRock’s iShares Bitcoin Trust (IBIT) saw over $4 billion in inflows during its first few days. Within six months, institutional investors, including major banks, had invested in BTC and ETH ETFs. As of Summer 2025, XRP and Solana futures products are witnessing millions in inflows.
These figures set a strong benchmark for upcoming spot altcoin ETFs, which Bloomberg analysts believe are due before the end of 2025. While Hedera Hashgraph (HBAR) has a lower profile compared to BTC & ETH, institutional interest remains high. Let’s see how a HBAR ETF could perform once it’s launched.
Estimating Institutional Inflows on Day One for a HBAR ETF
Given Bitcoin’s record statistics, a proportional but scaled-down model can be created for Hedera to help us get a good idea of what the first month’s inflows could be like.
- The Conservative Scenario
A conservative scenario might see $5 million – $10 million in institutional inflows on launch day. Given hype for altcoin ETF launches, according to Bloomberg ETF analysts Eric Balchunas and James Seyffart.
On July 26, 2025, HBAR gained $2.44 million in inflows, one of the largest single-day inflows for the token in recent months. Using this data, HBAR ETFs at the NYSE could garner similar results compared to their highest single-day inflows while only existing as a cryptocurrency. - Moderate scenario
Assuming media buzz and institutional curiosity, these highlights could push HBAR towards $150 million to $200 million in inflows on launch. - In a bullish scenario, particularly if altcoin ETF approvals gain strong momentum and investor sentiment is through the roof, inflows could approach $400 million or more.
By comparison, Ripple XRP inflows, despite not having a Spot ETF yet and only futures ETFs, have witnessed $18.4M inflows during the week before August 11, 2025.
While XRP and HBAR differ significantly in ecosystem direction, these inflows underscore how even non-Bitcoin assets can attract reasonably strong inflows from Wall Street.
Factors That Could Influence Hedera HBAR ETF Inflows
Investor inflows may depend on multiple variables:
- Regulatory clarity and altcoin hype
The SEC’s openness to altcoins and their use cases, as evidenced in the White House Crypto Report, means the approval of other altcoin ETFs could bring HBAR to mainstream onlookers. - Corporate backing
Hedera’s enterprise governance and compliance narrative may attract risk-averse institutional investors seeking an altcoin with clean credentials. - Media exposure and market momentum
Broad coverage, favorable analyst commentary, and ETF success stories in other altcoins (e.g. Cardano, Solana, XRP) could drive more demand and FOMO.
Hedera Hashgraph’s Institutional Appeal
HBAR’s fundamentals provide a strong case for large inflows alongside its ETF cousin, Ripple’s XRP, which has also garnered interest from institutional investors looking for altcoins.
With a market capitalization of around $11 billion as of August 2025, HBAR possesses the liquidity necessary to support institutional-grade ETFs. The Hedera is also bolstered by heavyweight enterprise leaders, including IBM, Google, LG, and more, belonging to Hedera’s institutional Council.
The existence of the Hedera Council enhances HBAR’s compliance reputation and institutional confidence. From a regulatory standpoint, Canary Capital and Greyscale have both taken steps towards launching a spot HBAR ETF.
On August 12, 2025, Greyscale registered a statutory trust in Delaware for a Hedera (HBAR) and Cardano (ADA) ETF, one of the first combined ETFs submitted for HBAR. Greyscale has also included HBAR in its Grayscale Smart Contract Fund, consisting of multiple top altcoins.
Institutional trust is not a problem for Hedera, and once ETFs start being launched, existing trust in the ecoststem may be highly beneficial for HBAR inflows, which would contribute towards price discovery for the underlying cryptocurrency.
A Realistic Outlook
While Hedera’s spot ETF is unlikely to match Bitcoin’s first-day inflows, the token could attract hundreds of millions of dollars in institutional capital, particularly under favorable market conditions.
A first-day inflow in the range of $5 million to $10 million seems plausible, with a $100 million outcome possible in an optimistic scenario.
Over the first few weeks to months, total institutional inflows could cross the mid-hundreds of millions. As with all estimates, this is all very speculative but grounded in market context, recent data, and Hedera’s unique positioning in the crypto landscape.
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