Four exchange-traded funds (ETFs) tracking separately Solana (SOL), Litecoin (LTC), and Hedera (HBAR) will be listed this week. Litecoin and Hedera ETFs will launch on Nasdaq on Tuesday, while SOL ETFs will launch on NYSE on Wednesday.
On Wednesday, January 10, 2024, the US Securities and Exchange Commission (SEC) approved the first 11 Bitcoin spot ETFs in the US. However, BTC futures ETFs have been trading on Cboe since 2021.
The approval of the Bitcoin ETFs increased the legitimacy of the crypto asset, driving massive adoption within traditional finance (TradFi). Bitcoin ETFs not only witnessed substantial inflows but also paved the way for new ETF filings for other crypto assets. Following this precedent, the US SEC approved spot ETH ETFs in May 2024, which attracted over $16B in net inflows.
The successful launch of both Bitcoin and Ethereum spot ETFs triggered the submission of new ETF filing applications for other cryptocurrencies, of which some have been approved.
Solana, Litecoin, and Hedera ETFs to Begin Trading This Week
On Monday, October 27, 2025, four newly approved crypto ETFs – Bitwise Solana Fund, Canary Capital Litecoin, HBAR Fund, and the Grayscale Solana Trust – were approved. This move expands the slate of spot crypto ETFs trading in the US following a long wait for approval from regulators.
NASDAQ Clears Litecoin and Hedera ETFs Conversion
Litecoin (the Canary Flash LTC) and Hedera Exchange-Traded Funds (ETFs) have already commenced trading on Tuesday on Nasdaq at the time of writing.
NYSE Listed Bitwise SOL ETF and Grayscale GSOL Conversion
On Monday, the New York Stock Exchange (NYSE) posted listing notices for Bitwise SOL ETF and Grayscale GSOL. Bitwise SOL ETF should begin trading on Tuesday, October 28, 2025. Bitwise said that its Solana Staking ETF is also effective and will debut on Tuesday.
Grayscale Solana Trust – a conversion from an existing closed fund – is scheduled to launch on Wednesday, October 29, 2025.
US Government Shutdown Fails to Halt Launch of New Crypto ETFs
The launch of these ETFs was a successful one and came amidst a government shutdown. Many crypto experts have wondered how this could be the case in general terms. An open government is not necessarily present in order for the law to be operating.
This is very important in the current climate for market continuity. Hence, this accelerated ETF launch is now the result of a certain clause of the law. This mechanism helps to ensure that important financial processes are carried out without issues.
Increased Exposure to Finance Products
The current ETF market is diversified because LTC, HBAR, and SOL ETFs are listed simultaneously. The launch exposes investors to more assets with a regulated level of immediate exposure.
It also allows for a consistent expansion of institutional participation beyond BTC and Ether.
Furthermore, this step provides an explicit, clear acceptance by the SEC of these digital assets. Thus, such strong investor confidence should be in place now as the launch confirms the legality of several tokens in general.
