Solana, Litecoin, and HBAR ETFs Set to Launch Amid SEC Guidance Shift

Exchanges are preparing to debut several new cryptocurrency exchange-traded funds (ETFs) this week following recent guidance from the U.S. Securities and Exchange Commission (SEC). The Bitwise Solana Staking ETF (BSOL), Canary Litecoin ETF (LTCC), and Canary HBAR ETF (HBR) are scheduled to begin trading on Tuesday, with the Grayscale Solana ETF (GSOL) launching on Wednesday, according to Bloomberg ETF analysts Eric Balchunas and James Seyffart.

Recent filings with the SEC confirmed these developments. The NYSE Arca’s CERT filing, dated October 27, approved the listing of the Bitwise Solana Staking ETF (BSOL), while Nasdaq’s filings under Form 8-A 12(b) cleared the way for the Canary Litecoin ETF (LTCC) and Canary HBAR ETF (HBR). These filings represent the final steps before trading begins.

Canary Capital CEO Steven McClurg noted that Litecoin and Hedera are the next two tokens to receive ETF treatment following Ethereum’s approval. “We look forward to launching tomorrow,” McClurg stated, emphasizing the growing mainstream acceptance of crypto-backed funds.

The launches are notable given the ongoing U.S. government shutdown, which has limited SEC operations. However, due to amendments in the issuers’ S-1 filings, the ETFs can automatically become effective 20 days after submission—without direct SEC action. This process was clarified in a Q&A letter from the SEC’s Division of Corporate Finance, which outlined how filings could proceed during government inactivity.

Legal experts caution that while this mechanism allows progress despite the shutdown, it carries potential risks such as stop orders or increased scrutiny once normal SEC operations resume. Nevertheless, analysts believe these ETF launches mark a significant step forward in expanding regulated access to crypto assets, further legitimizing Solana, Litecoin, and Hedera within traditional markets.