Bitwise To Launch First SOL ETF As LTC, HBAR Funds Additionally Debut

Bitwise is making ready to debut its spot Solana Staking ETF (exchange-traded fund) on the New York Inventory Alternate (NYSE) at the moment with Canary Capital set to listing Litecoin and Hedera funds.

The Bitwise SOL ETF, buying and selling below the ticker BSOL, would be the first US product providing 100% direct publicity to staked SOL, the fund supervisor mentioned in a submit on X. It added that it’ll briefly waive charges and goal staking rewards of round 7%.

“Solana is headed into the mainstream—and we expect it’s simply getting began,” Bitwise mentioned. ”We consider Solana is a key platform for enabling capital markets to return onchain and is completely positioned for this second.”

The Canary Capital Litecoin (LTC) and Hedera (HBAR) ETFs will even launch at the moment whereas Grayscale’s Solana ETF is anticipated tomorrow.

Crypto ETF Launches Proceed Even As The US Authorities Shutdown Persists

The launches come even because the US authorities shutdown persists and companies such because the Securities and Alternate Fee (SEC) function below diminished employees.

SEC steerage relating to shutdown operations (Supply: X)

The strikes by Bitwise and the opposite companies caught analysts unexpectedly after SEC steerage earlier this month that mentioned it will not approve sure purposes whereas the federal government shutdown continues. 

The crypto ETFs had confronted remaining determination deadlines earlier this month, however the shutdown delayed the method. 

The current itemizing notices recommend the issuers are launching their merchandise below the newly-announced generic itemizing requirements or making the most of different mechanisms that allow them to fast-track their launches with out the necessity to first obtain SEC approval.

Below the generic itemizing requirements, companies that don’t need to look forward to SEC signoff want to satisfy the itemizing normal. These companies will even want a remaining S-1 registration assertion and a Kind 8-A. 

Bloomberg ETF analyst James Seyffart mentioned that the launches in the course of the shutdown may have one thing to do with language in current steerage that was issued by the SEC within the type of a Q&A. 

NEW: YES… We anticipate Solana, Litecoin and HBAR to get their first pure spot ETFs right here within the US this week as has been reported. However how did this occur? Virtually definitely resulting from language in a steerage letter from the SEC’s division of company finance which got here within the type of… pic.twitter.com/WdswvuHh2n

— James Seyffart (@JSeyff) October 27, 2025

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