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Bitwise is making ready to debut its spot Solana Staking ETF (exchange-traded fund) on the New York Inventory Trade (NYSE) as we speak 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 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 imagine Solana is a key platform for enabling capital markets to come back onchain and is completely positioned for this second.”
The Canary Capital Litecoin (LTC) and Hedera (HBAR) ETFs can even launch as we speak whereas Grayscale’s Solana ETF is predicted tomorrow.
Crypto ETF Launches Proceed Even As The US Authorities Shutdown Persists
The launches come even because the US authorities shutdown persists and businesses such because the Securities and Trade Fee (SEC) function beneath diminished employees.
SEC steerage concerning shutdown operations (Supply: X)
The strikes by Bitwise and the opposite companies caught analysts abruptly after SEC steerage earlier this month that stated it could not approve sure functions whereas the federal government shutdown continues.
The crypto ETFs had confronted closing 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.
Beneath the generic itemizing requirements, companies that don’t wish to anticipate SEC signoff want to satisfy the itemizing normal. These companies can even want a closing S-1 registration assertion and a Type 8-A.
Bloomberg ETF analyst James Seyffart stated that the launches through the shutdown might have one thing to do with language in latest steerage 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? Virtually actually as a consequence of language in a steerage 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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