ETF Launch Countdown: Solana, Litecoin, and Hedera Set to List Despite U.S. Government Shutdown

Institutional investors are excited as exchange-traded funds (ETFs) linked to Solana (SOL), Litecoin (LTC), and Hedera (HBAR) prepare to debut on US exchanges this week, even as the US Securities and Exchange Commission (SEC) remains partially closed.

Industry insiders confirm that fund issuers have submitted the required documents and received listing notices, paving the way for a historic expansion of cryptocurrency products into the traditional finance space.

The Altcoin ETF wave is surging forward

The powerhouse asset managers behind the push, Bitwise Asset Management, Canary Capital and Grayscale Investments, have indicated their funds will launch this week.

According to Bloomberg analyst Eric Balchunas, exchange listing notices for Bitwise’s Solana ETFs and Canary’s Litecoin and Hedera ETFs have been published and are scheduled to launch on Tuesday. Grayscale’s Solana fund is expected to convert on Wednesday.

What’s key is how this is happening despite the US government shutdown. Exporters rely on regulatory mechanisms in particular Form 8-A Filings and Amended S-1 registration data Allows automatic effectiveness after 20 days and begins operating without the need for a manual signature from the SEC.

This regulatory solution, combined with public listing standards adopted in September, has created a rare window for altcoin ETFs to break into the market.

SOL's price trends to the upside on the daily chart. Source: SOLUSD on Tradingview

What new ETFs mean for cryptocurrency markets

to SolanaThe launch of an ETF could be transformative. As the sixth largest blockchain by market cap, Solana is already attracting institutional interest for its high-speed ecosystem.

The proposed product from Bitwise (ticker: BSOL) is said to include staking features, offering long-term holders a compelling path to “private cryptocurrencies via a regulated fund.”

Meanwhile, Litecoin and Ivyalthough smaller in terms of market capitalization, is gaining legitimacy through this ETF channel. Canary Capital’s CEO confirmed that LTC and HBAR spot funds will trade on the Nasdaq starting Tuesday under the symbols “LTCC” and “HBR.”

Institutional reach is expanding. Investors who previously needed to hold cryptocurrency portfolios and navigate exchange custody can now access regulated funds via brokerage accounts. The market views this as a major step in bridging DeFi/crypto assets with mainstream finance.

Bottom line

However, timing is important. The surrounding circumstances, regulatory innovation, lockdown-induced inertia at the SEC, and investor appetite for new exposure to cryptocurrencies are uniquely aligned.

Market watchers warn that while launches are historic, they are not without risk, as token prices, liquidity flows and investor behavior around the product’s emergence remain uncertain.

In short, the cryptocurrency industry is at a turning point. With Solana, Litecoin, and Hedera taking regulated ETF covers, the era of altcoin funds may officially be underway, despite Washington’s partial shutdown. The countdown is on.

Cover image from ChatGPT and SOLUSD chart from Tradingview

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