HBR ETF Hits Major Milestone | 1% of HBAR Supply Locked Up ๐ช๐ค
A notable achievement has come to light as the HBR ETF has secured over 500 million HBAR, representing 1% of the total supply. This key milestone has sparked conversations about its impact on the crypto market.
Implications for Investors
The total supply of HBAR stands at 50 billion, with roughly 43 billion estimated to be in circulation. Since its inception in late October, the ETF's increasing token holdings are prompting investors to rethink their strategies.
"This is a big deal because the holders are investors rather than traders," noted one commenter, pointing out the ETF's focus on locking up HBAR to minimize trading activity.
Yet, some warn that the ETF manager's monthly share sales to cover operational costs mean not all HBAR funds are permanently off the market.
Emerging Discussions in the Community
Recent commentary has given rise to several significant themes:
Investor Confidence
Many are assessing whether this would be a good buy, indicating a mix of optimism and caution among potential investors.
Reward Structures
There are concerns regarding decreasing stacking rewards, with one commenter comparing this to their experience in another investment. "Is stacking rewards slowly decreasing from 2.5 percent?" they questioned.
ETF Operational Costs
Frustration over high expense ratios has some people re-evaluating their positions, with one stating, "Itโs reassuring that the ETF supports HBAR, but my wallet feels the pinch with this expense ratio."
"Not all HBAR is locked up permanently," cautioned one observer, adding to the concerns regarding these shares.
Market Sentiment and Predictions
With the growth around the ETF, the crypto market is on the verge of possible shifts. The sentiment among investors ranges from optimistic to cautious as they watch how ETF inflows impact pricing and market conditions.
Key Insights
๐ฐ The HBR ETF now manages over 500 million HBAR, equating to 1% of total supply.
โ๏ธ Ongoing share sales for operational expenses raise questions about overall market stability.
๐ฌ "My wallet feels the pinch with this expense ratio," reflects a concerned investor.
Looking forward, as the HBR ETF captures more of HBAR's total supply, some experts predict a significant increase in market stability. A potential rise in prices by 10-15% could occur in the upcoming months. However, ongoing operational sales might create fluctuations, leaving investors closely monitoring developments for any sign of volatility.