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Bitwise is getting ready to debut its spot Solana Staking ETF (exchange-traded fund) on the New York Inventory Alternate (NYSE) immediately with Canary Capital set to checklist Litecoin and Hedera funds.
The Bitwise SOL ETF, buying and selling beneath the ticker BSOL, would be the first US product providing 100% direct publicity to staked SOL, the fund supervisor stated in a publish on X. It added that it’ll briefly waive charges and goal staking rewards of round 7%.
“Solana is headed into the mainstream—and we predict it’s simply getting began,” Bitwise stated. ”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 also launch immediately 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 Alternate Fee (SEC) function beneath diminished employees.
SEC steerage concerning shutdown operations (Supply: X)
The strikes by Bitwise and the opposite companies caught analysts without warning after SEC steerage earlier this month that stated it will not approve sure purposes whereas the federal government shutdown continues.
The crypto ETFs had confronted last resolution deadlines earlier this month, however the shutdown delayed the method.
The current itemizing notices recommend the issuers are launching their merchandise beneath the newly-announced generic itemizing requirements or profiting 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, companies that don’t need to look forward to SEC signoff want to fulfill the itemizing commonplace. These companies may also want a last S-1 registration assertion and a Kind 8-A.
Bloomberg ETF analyst James Seyffart stated that the launches through the shutdown might have one thing to do with language in current steerage that was issued by the SEC within the type of a Q&A.
NEW: YES… We count on 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 definitely attributable to language in a steerage 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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