NewsBTC
Oct 28, 2025
9 0

Crypto ETFs for Solana, Litecoin, Hedera Set to Launch Amid Shutdown

Several crypto exchange-traded funds (ETFs) are preparing to launch this week, despite the ongoing government shutdown. These include investment products based on Solana, Litecoin, and Hedera. Trading is expected to begin as early as Tuesday.

Key Points:

  • Nate Geraci indicated significant developments for spot crypto-based ETFs, including those for Solana, XRP, and LTC.
  • Bitwise CEO Hunter Horsley suggested progress on its Solana Staking ETF.
  • The SEC had previously delayed ETF decision deadlines but the shutdown has affected the timeline.
  • Erich Balchunas reported multiple issuers aim to launch their ETFs this week.
  • Canary Capital filed 8-A forms for Litecoin and Hedera ETFs, while Bitwise filed for a Solana Staking ETF.
  • Listings for Bitwise's Solana Staking ETF and Canary's LTC and HBAR ETFs are scheduled for October 28.
  • Grayscale’s Solana trust is set for conversion on Wednesday.
  • Canary’s CEO confirmed that HBAR and LTC ETFs will start trading on Nasdaq on Tuesday.

Legal Context:

  • 8-A forms register ETF shares under the Securities Exchange Act of 1934.
  • S-1 filings register investment products under the Securities Exchange Act of 1933.
  • The filings can go effective automatically after 20 days without SEC manual approval, even during a shutdown.

Solana, SOL, SOLUSDT