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

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

The Bitwise SOL ETF, buying and selling beneath 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’s going to quickly waive charges and goal staking rewards of round 7%.

“Solana is headed into the mainstream—and we predict 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 right now 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 Change Fee (SEC) function beneath decreased workers.

SEC steering concerning shutdown operations (Supply: X)

The strikes by Bitwise and the opposite corporations caught analysts without warning after SEC steering 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 latest itemizing notices counsel the issuers are launching their merchandise beneath the newly-announced generic itemizing requirements or benefiting from different mechanisms that allow them to fast-track their launches with out the necessity to first obtain SEC approval.

Underneath the generic itemizing requirements, corporations that don’t wish to await SEC signoff want to fulfill the itemizing commonplace. These corporations will even want a remaining S-1 registration assertion and a Kind 8-A. 

Bloomberg ETF analyst James Seyffart mentioned that the launches throughout the shutdown might 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 count on 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? Nearly definitely resulting from 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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