Altcoin ETF News Several new spot crypto ETFs tracking Solana, HBAR, and Litecoin are expected to launch this week, even as the U.S. government shutdown limits operations at the SEC. The lineup includes the Canary Litecoin ETF, Canary HBAR ETF, and the Grayscale Solana Trust ETF, according to people familiar with the filings. ETFs The launch wave follows Oct. 9 SEC guidance that allows firms to file S-1 registration statements without a delaying amendment, meaning funds can automatically go effective after 20 days, provided issuers accept the risk of unresolved comments. The New York Stock Exchange (NYSE) posted listing notices on Monday for four ETFs, signaling trading could begin as soon as Tuesday. The listings were unexpected given the partial closure of federal agencies. NYSE These will be the first ETFs for new crypto assets since the approval of spot Bitcoin and Ethereum funds in 2024. Some of the upcoming ETFs also include staking features, marking a first for traditional exchanges. staking Before the shutdown, the SEC approved new exchange listing standards that streamline crypto ETF approvals without lengthy 19b-4 filings. As a result, dozens of pending ETF applications may now move faster to market. Filings known as Form 8-As began appearing on Monday, including two from Canary Capital for Litecoin and Hedera products. Grayscale’s Solana Trust ETF is slated to launch Wednesday. While timelines for other assets remain uncertain, market participants said confident issuers are proceeding under the new guidance. Even during reduced staffing, the SEC’s existing processes appear sufficient for ETF listings to move forward.
Solana, Hedera, and Litecoin ETFs Set To Debut Despite U.S. Shutdown
