The New York Stock Exchange (NYSE) confirmed that Hedera (HBAR), Litecoin (LTC), and Solana (SOL) spot ETFs will begin trading this week. The launch is scheduled for October 28–29, marking a significant expansion beyond Bitcoin and Ethereum ETFs.
The debut of these altcoin ETFs introduces new avenues for institutional investors seeking regulated exposure to crypto assets. Canary Capital’s HBAR and LTC ETFs are set to start on Tuesday, while Bitwise’s Solana staking ETF will also begin trading. Grayscale plans to convert its Solana Trust into an ETF the following day. Analysts note that the approvals come despite ongoing US government shutdowns, with filings processed under recent SEC guidance that accelerates ETF effectiveness.
Market observers will monitor initial trading volumes and price reactions, particularly for Solana, which has seen notable price momentum in anticipation. This week’s launches may set a precedent for broader altcoin adoption in regulated financial markets.
Source: https://x.com/EricBalchunas/status/1982870156696281334
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