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Bitwise is getting ready to debut its spot Solana Staking ETF (exchange-traded fund) on the New York Inventory Alternate (NYSE) at this time with Canary Capital set to checklist 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 stated in a put up on X. It added that it’s going to quickly waive charges and goal staking rewards of round 7%.
“Solana is headed into the mainstream—and we expect it’s simply getting began,” Bitwise stated. ”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 may also launch at this time 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 steering concerning shutdown operations (Supply: X)
The strikes by Bitwise and the opposite companies caught analysts abruptly after SEC steering earlier this month that stated it might not approve sure purposes whereas the federal government shutdown continues.
The crypto ETFs had confronted last determination deadlines earlier this month, however the shutdown delayed the method.
The latest itemizing notices counsel the issuers are launching their merchandise below the newly-announced generic itemizing requirements or profiting from different mechanisms that allow them to fast-track their launches with out the necessity to first obtain SEC approval.
Beneath the generic itemizing requirements, companies that don’t need to anticipate SEC signoff want to fulfill the itemizing commonplace. These companies may also want a last S-1 registration assertion and a Type 8-A.
Bloomberg ETF analyst James Seyffart stated that the launches through the shutdown may have one thing to do with language in latest steering 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 actually attributable to language in a steering 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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