Solana, Litecoin, and HBAR ETFs Set to Begin Trading Tomorrow

New ETFs for Solana (SOL), Litecoin (LTC), and Hedera (HBAR) are expected to launch on U.S. markets tomorrow. These funds allow investors to gain exposure to cryptocurrencies without owning the coins directly, providing a familiar format for those used to traditional investments. The approval and listing process has continued even amid a partial government shutdown.

Upcoming ETF Launches

Bitwise’s Solana Staking ETF (BSOL) will be listed on NYSE Arca, and Nasdaq has approved Canary’s Litecoin (LTCC) and Hedera (HBR) ETFs through Form 8-A filings. Bloomberg analyst Eric Balchunas says trading will begin on October 28, with Grayscale’s Solana ETF conversion on October 29.

U.S. crypto ETF approvals have been closely watched since January 2024, when the first spot Bitcoin ETFs were approved. That allowed big firms like BlackRock, Grayscale, and Fidelity to offer regulated digital asset funds, adding more structure to a market once driven by speculation. The new Solana, Litecoin, and Hedera ETFs give investors regulated access to popular altcoins.

Market responses to these ETF announcements have been measured. Solana is up slightly to $207, Litecoin has reached $101, and Hedera has seen a notable 16 percent increase to $0.2076.

Solana ETFs with Staking Features

Staking has become a key focus in the crypto world, especially for proof-of-stake networks like Solana. It lets investors lock up tokens to help secure the network and earn rewards, usually in the same token. The Bitwise Solana ETF will offer staking, following earlier funds like the REX-Osprey Solana Staking ETF, the first U.S.-approved staking fund.

Grayscale has also updated its Solana Trust to allow staking, following SEC guidance that staking is not automatically a securities offering. Experts see this as a step toward wider acceptance of staking-based investment products. Thomas Uhm from Jito, a liquid staking platform, said banks are already exploring ways to invest in staked Solana ETFs.

For investors, staking ETFs offers both potential rewards and crypto exposure, giving a simpler and more structured option than owning tokens directly. They also show the push to combine DeFi tools with traditional finance.

Litecoin and Hedera ETFs

Litecoin and Hedera ETFs are expected to follow a slightly different path. Canary Capital CEO Steven McClurg said these funds come after Ethereum-based ETFs, showing more interest in regulated ways to invest in tokens beyond Bitcoin. Litecoin may attract investors who want moderate risk, while Hedera’s recent price increase could catch the eye of speculators and institutions.

These ETFs will be available on Nasdaq through the 8-A registration, letting investors trade them like stocks. This could help people build more balanced portfolios, combining Bitcoin and Ethereum with newer altcoins. The launches also show that the crypto market is growing, with more advanced products for smaller but important networks.

Why These ETF Launches Matter?

The launch of SOL, LTC, and HBAR ETFs is important because they provide investors with a regulated and familiar way to gain exposure to popular altcoins. They also simplify the process for traditional investors to diversify their portfolios.

If these ETFs list and trade successfully, they could lead to more digital-asset ETFs. This could also attract more institutional investors, bringing more stability and trust to the crypto market.