Hedera’s native crypto HBAR can now be converted directly to and from fiat currencies on HashPack App. The most popular application on Hedera for crypto wallets just integrated Coinbase’s on-ramp solution, releasing a short tutorial video alongside the announcement.
Namely, this solution opens doors for seamless HBAR staking, storing all Hedera supported tokens on HashPack. The Coinbase on-ramp integration news for Hedera comes two weeks before a key decision on the HBAR exchange-traded fund (ETF). On July 9, 2025, the U.S. Securities and Exchange Commission (SEC) is set to give a preliminary decision.
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A few weeks ago, Canary Capital’s HBAR ETF pitch was postponed until September 9, 2025. Meanwhile, Grayscale’s HBAR ETF had witnessed a bigger breakthrough, as NASDAQ has started tracking Hedera’s crypto price after filing the Form 19b-4 with the SEC.
Right now, the SEC opened a 21-day public comment period on this filing, which makes HBAR a top contender for the next altcoin ETF, along with the likes of Solana (SOL), Ripple (XRP) or LiteCoin (LTC). If approved, the HBAR ETF issued by Grayscale would fall into the category of commodity-based trust shares on NASDAQ.
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Hedera’s 5% dip shows the Coinbase Onramp integration with HashPack hasn’t sparked the expected rally, as market jitters overshadow the fiat-to-crypto ease. Sentiment on X is mixed, with some hodlers still bullish on adoption.
HashPack’s Coinbase Onramp lets users buy Hedera’s native coin directly with fiat, skipping centralized exchanges for smoother staking and swapping. But the market’s bearish vibe is keeping HBAR’s price grounded at $0.15.
Canary Capital and Grayscale’s HBAR ETF proposals are under SEC review, with a decision delayed but not rejected, fueling hopium for approval by July 7. No guarantee it’ll pump HBAR’s price soon, though.
Despite ETF chatter and Coinbase news, Hedera coin’s hit by broader market FUD and fading stablecoin liquidity on Hedera, dragging it to a 15% weekly loss. Bears are loud, but long-term bulls see a dip to buy.
If the SEC greenlights an HBAR ETF, it could moon the altcoin by boosting institutional adoption, but delays and market dumps keep it stuck for now. X posts scream game-changer, but don’t FOMO until confirmed.
