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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) right this moment with Canary Capital set to checklist Litecoin and Hedera funds.
The Bitwise SOL ETF, buying and selling underneath the ticker BSOL, would be the first US product providing 100% direct publicity to staked SOL, the fund supervisor mentioned in a submit 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 predict it’s simply getting began,” Bitwise mentioned. ”We consider 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 may even launch right this moment whereas Grayscale’s Solana ETF is anticipated tomorrow.
Crypto ETF Launches Proceed Even As The US Authorities Shutdown Persists
The launches come even because the US authorities shutdown persists and companies such because the Securities and Trade Fee (SEC) function underneath decreased employees.
SEC steering concerning shutdown operations (Supply: X)
The strikes by Bitwise and the opposite corporations caught analysts without warning after SEC steering earlier this month that mentioned it might not approve sure purposes whereas the federal government shutdown continues.
The crypto ETFs had confronted remaining determination deadlines earlier this month, however the shutdown delayed the method.
The latest itemizing notices recommend the issuers are launching their merchandise underneath 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.
Below the generic itemizing requirements, corporations that don’t need to await SEC signoff want to fulfill the itemizing normal. These corporations may even want a remaining S-1 registration assertion and a Type 8-A.
Bloomberg ETF analyst James Seyffart mentioned that the launches throughout the shutdown might have one thing to do with language in latest steering that was issued by the SEC within the type of a Q&A.
NEW: YES… We anticipate 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? Nearly actually resulting from language in a steering 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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