Initial Spot ETFs for Solana, Litecoin, and HBAR to Launch as SEC Provides Regulatory Clarity

The first exchange-traded funds (ETFs) for Solana, Litecoin, and Hedera, issued by Bitwise, Canary Capital, and Grayscale, are set to begin trading on Nasdaq and NYSE. The issuers navigated a legal provision that allows registration statements to go into effect after 20 days without SEC interference, bypassing the need for manual approval. The Canary HBAR ETF (HBR) and Canary Litecoin ETF (LTCC) are slated to start trading on October 28, as confirmed by Canary Capital CEO Steven McClurg, while the Bitwise Solana Staking ETF (BSOL) will launch the same day, and Grayscale’s Solana Trust (GSOL) turns into a spot ETF on October 29. This comes amid growing demand for digital asset funds, with 155 active ETF filings across 35 cryptocurrencies, according to Bloomberg data.