New Altcoin ETFs Hit Nasdaq and NYSE as Solana, Litecoin, and Hedera Funds Go Live

A fresh surge of altcoin exposure is coming to Wall Street this week as four new exchange-traded funds tracking Solana (SOL), Litecoin (LTC), and Hedera (HBAR) prepare to begin trading, marking a major expansion of the U.S. spot crypto ETF landscape.

The Canary Litecoin ETF and Canary HBAR ETF are already effective and set to begin trading on the Nasdaq on Tuesday, while the Bitwise Solana Staking ETF (ticker: $BSOL)—the first U.S. fund offering 100% direct exposure to staked Solana—will debut the same day. The Grayscale Solana ETF, a conversion from a closed-end trust, will follow on Wednesday, according to filings and updates from fund issuers.

The rollout comes as both the NYSE and Nasdaq have certified key 8-A filings, allowing issuers to move forward without waiting for additional SEC approvals under the agency’s updated listing framework for commodity-based trusts. These filings represent a streamlined alternative to the standard ETF approval route, catching even market watchers off guard with their timing.

Bitwise described its new Solana product as a yield-enhanced ETF designed to capture Solana’s average 7%+ staking reward, with all assets staked via its Bitwise Onchain Solutions infrastructure. “This is the first U.S. ETF to fully leverage Solana’s proof-of-stake economics,” the company said on X.

The launch follows months of anticipation complicated by the ongoing U.S. government shutdown, which has limited the SEC’s ability to review and approve new fund applications. Despite those constraints, issuers found room under existing listing rules to advance their products, sidestepping delays tied to the agency’s reduced operations.

The SEC is still reviewing a backlog of crypto-focused ETF proposals tied to other major assets including Cardano (ADA), Avalanche (AVAX), and Dogecoin (DOGE). Analysts had predicted that Solana-based ETFs would likely receive priority consideration given the network’s rising prominence and institutional demand.

The momentum mirrors the explosive growth of Bitcoin and Ethereum ETFs, which together now oversee nearly $180 billion in assets under management, with BlackRock’s iShares Bitcoin Trust alone controlling more than half of that total.

As the sixth-largest cryptocurrency, Solana boasts a market capitalization of over $111 billion, recently trading above $199. Litecoin and Hedera, ranking 29th and 30th by market cap, gained 3.6% and 1.9% respectively in the past 24 hours, boosted by optimism around risk assets and easing U.S.-China trade tensions.

“This is another landmark moment for the digital asset market,” said Canary CEO Steven McClurg, emphasizing Litecoin’s reputation for stability and enterprise-grade reliability. “Our mission is to make institutional-grade crypto exposure as accessible as any traditional asset class.”

Together, these ETF debuts signal that the post-Bitcoin and Ethereum era of exchange-traded crypto investing has officially arrived.