Spot ETFs for Solana, Litecoin and Hedera launch in the US this week, thanks to SEC guidance post-shutdown. Bitwise, Canary and Grayscale lead the charge on Nasdaq and NYSE, eyeing institutional inflows. A new era for altcoin investing unfolds.
WASHINGTON — Spot exchange-traded funds for Solana, Litecoin and Hedera are poised to make their U.S. market debut as early as Tuesday, marking a significant expansion of regulated cryptocurrency investment options beyond Bitcoin and Ethereum.
The launches come after the Securities and Exchange Commission issued guidance last month that streamlined the approval process for certain filings amid a brief government shutdown. Issuers including Bitwise, Canary Capital and Grayscale have moved quickly to capitalize on the regulatory green light, with trading expected to begin on Nasdaq and the New York Stock Exchange.
This development could unlock billions in institutional capital for these altcoins, building on the success of spot Bitcoin ETFs that drew over $50 billion in inflows since their January 2024 approval.
Regulatory Hurdle Cleared by SEC Guidance
The catalyst for these ETF launches traces back to a Q&A document released by the SEC’s Division of Corporation Finance on October 1, 2025. Titled “Division of Corporation Finance Actions During Government Shutdown,” the guidance addressed operational disruptions from the partial federal shutdown that began that day.
Question 11 specifically allows issuers to bypass a standard 30-day waiting period under Rule 473(a) for registration statement amendments. Instead, filings can become effective after just 20 days via Section 8(a) of the Securities Act, a provision typically applied to initial public offerings but deemed applicable to ETF securities by legal teams involved.
Bloomberg ETF analyst James Seyffart highlighted this nuance in a post on X late Monday, noting that while the language focuses on IPOs, “ETFs are securities.” Lawyers for the issuers “obviously felt it was strong enough,” he added, paving the way for accelerated approvals.
Issuers Gear Up for Trading Debuts
Canary Capital leads with two funds: the Canary Litecoin ETF and Canary HBAR ETF, both slated to begin trading Tuesday on Nasdaq. CEO Michael Colonnese confirmed the timeline in a statement, emphasizing the firm’s focus on providing straightforward exposure to these established networks.
Bitwise’s Solana ETF follows suit with a Wednesday launch, while Grayscale’s conversion of its existing Solana Trust into a spot ETF is also targeted for midweek on the NYSE. These moves align with listing notices posted by the exchanges on Monday, signaling final preparations for investor access.
The filings, available on the SEC’s EDGAR database, detail staking features for Solana and Hedera shares, aiming to mirror the underlying assets’ performance while offering daily liquidity.
Broader Implications for Crypto Markets
These ETFs arrive at a pivotal moment for altcoins, with Solana’s price hovering near $180 amid network upgrades and Litecoin maintaining steady transaction volumes as a Bitcoin complement. Hedera, known for its enterprise-grade consensus, could see renewed interest from institutional players seeking diversified blockchain exposure.
Analysts project initial inflows in the hundreds of millions, potentially boosting liquidity and price stability for SOL, LTC and HBAR tokens. As Seyffart observed, this “expands regulated crypto access” in a post-Bitcoin ETF era.
Looking ahead, the SEC’s shutdown workaround may encourage more filings for assets like XRP or Cardano, signaling a maturing regulatory landscape that balances innovation with oversight. Investors should monitor exchange announcements for exact tickers and trading hours as details finalize this week.
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