US asset managers are launching SOL, LTC and HBAR ETFs by the end of the week
- Bitwise, Canary Capital and Grayscale plan to launch ETFs for Solana, Litecoin and Hedera this week.
- Thanks to the new generic listing standards for exchange-traded products, the market launch can take place despite the shutdown of the US civil service.
Following the historic debut of Bitcoin and Ether spot ETFs last year, three major asset managers including Bitwise, Canary Capital and Grayscale are set to launch the first US ETFs on Solana, Litecoin and Hedera.
In particular, the successful launch of US spot ETFs on Bitcoin and Ethereum in 2024 paved the way for regulatory flexibility towards other altcoins.
A new generation of ETFs
According to a specialist journalist Eleanor Terrett Two major companies are launching products at the same time in October. Canary Capital will launch the first US spot ETFs for Litecoin and Hedera on October 28th Nasdaq bring to market.
This will go down in history as the two products will be the first crypto products to hit the market with a single asset following the approval of Bitcoin and Ethereum.
In parallel, Bitwise will launch its highly anticipated Bitwise Solana Staking ETF (BSOL) on the NYSE Arca today. This product is notable for its direct exposure to spot SOL and innovative inclusion of staking returns, a first for an exchange-traded product in the US.
Finally, the expansion will complete on Wednesday with the conversion of Grayscale’s existing closed-end fund, the Grayscale Solana Trust (GSOL), into a spot Solana ETF.
They come late – but they come
Bringing these products to market was anything but easy. The path there was characterized by constant conflict with the regulatory authority. The environment has changed since Gary’s resignation Executioner and the arrival of a new pro-crypto boss in office.
In the past, the US Securities and Exchange Commission (SEC) has been cautious, leading to numerous delays in altcoin products. However, the way was after the completion general listing standards for exchange-traded products containing spot commodities simplified by the SEC.
The SEC approved generic listing standards for commodity-based ETPs, including spot crypto ETPs: https://t.co/V59r5dSmee and https://t.co/FVnuZIlaWP
— Hester Peirce (@HesterPeirce) September 17, 2025
The most amazing thing about these releases is the timing. No one would have expected these products to come to market despite the ongoing U.S. government shutdown.
As Eleanor Terrett and Bloomberg analyst Eric Balchunas report, issuers strategically included language in their amended S-1 registration statements that automatically makes filings effective 20 days after filing, even without manual intervention from the SEC.
After the NYSE certified the required 8-A forms, the final procedural step for registering shares for trading, on Monday, all legal requirements were in place for a smooth market launch.
What does this mean for the market?
Solana, Litecoin and Hedera in the ETF world could unleash new flows of liquidity. Institutional investors who were previously limited to Bitcoin and Ethereum ETFs can now diversify.
But the newcomers can also mean price fluctuations for the “veterans”. Furthermore, it is not certain that a rally will begin immediately, as has been seen from previous new launches and market reactions.
At press time, the news had a positive impact on the market, with LTC trading at $101.42 after a 2.42% increase in the last 24 hours.
HBAR leads the growth and offers with a Increase of 14.42% has the greatest profit potential among the three in the last 24 hours and stops at 0,2047 $.
Solana, on the other hand, recorded the lowest growth margin and is valued at $200,38 traded what a Increase of 0.1% in the last 24 hours.
Analysts warn that liquidity fragmentation, custody complexity and stake transparency could slow initial inflows. Others note that tokens like XRP remain excluded from the first wave due to ongoing legal uncertainties.
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