All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- Bitwise, Canary, and Grayscale are launching SOL, LTC, and HBAR ETFs despite the U.S. government shutdown.
- SOL, LTC, and HBAR ETFs will self-execute, a deviation from the SEC’s regular staff approval model.
Bitwise, Canary Capital, and Grayscale Investments are set to debut several crypto exchange-traded funds (ETFs) this week. These asset managers have received final regulatory clearances for spot ETFs tied to Hedera (HBAR), Litecoin (LTC), and Solana (SOL).
New HBAR ETFs Launching This Week
Crypto journalist Eleanor Terrett spotlighted the SOL, LTC, and HBAR ETF approval development in an X post. Eleanor noted that the Canary Funds spot HBAR and Litecoin ETFs are now effective and going live today, October 28, 2025.
As detailed in our last news piece, the Canary HBAR and LTC ETFs are set to launch on NASDAQ, with a sponsor fee of 0.95%. The amended S-1 filings also confirmed the tickers LTCC for the Litecoin ETF and HBAR for the Hedera ETF.
This is the first U.S.-listed HBAR ETF, structured as a Delaware statutory trust.
Another crypto ETF set to launch today is tied to the Solana coin. Bloomberg Senior ETF analyst Eric Balchunas revealed the filed notices for Bitwise and Grayscale Solana ETFs.
The Bitwise spot SOL ETF will launch with the ticker BSOL on NYSE Arca. This ETF tracks Solana with 100% in-fund staking for yield and a 0.20% fee. This is the first U.S. spot Solana ETF with staking.
On the other hand, Grayscale is converting an existing Solana Trust into an ETF. The firm highlighted in a previous article that the new Grayscale Solana ETF (GSOL) will debut on NYSE Arca, with a 0.35% fee.
These launches signify the expansion of crypto investment products in traditional markets. It follows the earlier approvals of Bitcoin (BTC) and Ethereum spot ETFs in 2024.
These ETFs are important as they democratize access to HBAR, LTC, and SOL via standard brokerage accounts. Users do not need a crypto wallet or exchange to gain access.
Moreover, it signals that crypto is gaining mainstream attention under a pro-innovation U.S. administration.
Is the SEC Input Needed for the ETFs to Launch?
The launch also comes despite an ongoing U.S. federal government shutdown that began on October 1, 2025. Eleanor explained that operations of law do not always require an open government.
Besides, exchanges operate privately and certify the 8-As without federal input. Additionally, the U.S. Securities and Exchange Commission (SEC) staff are not manually reviewing approvals.
Eleanor clarified in her post that the LTC, SOL, and HBAR ETFs can launch without full SEC staff review. She shared details on the two main SEC filings involved: S-1 (under the Securities Act of 1933) and Form 8-A (under the Securities Exchange Act of 1934).
The former registers the ETF shares as securities for public sale. Normally, issuers wait for explicit SEC approval, but amended S-1s include a clause that triggers automatic effectiveness 20 days after filing.
Therefore, if no action is taken due to shutdown challenges, the filing goes live on its own. No manual greenlight from SEC staff is needed, allowing the process to self-execute.
