LTC Gains Institutional Momentum as Canary Capital Launches Dual Crypto ETFs on Nasdaq

In a significant development for cryptocurrency adoption, Canary Capital is preparing to launch two new exchange-traded funds on Nasdaq, including one featuring Hedera's HBAR token for its U.S. exchange-traded debut and another focused on Litecoin. This strategic move comes during a week marked by multiple crypto fund introductions, capitalizing on recent regulatory changes that have streamlined the approval process for spot commodity exchange-traded products. The timing reflects growing institutional confidence in digital assets, with Litecoin positioned to benefit from increased accessibility and mainstream exposure through traditional financial markets. The regulatory landscape has become increasingly favorable following September's generic listing standards and corporate finance developments that have created a more conducive environment for cryptocurrency investment products. This dual ETF launch represents a milestone in cryptocurrency integration with conventional finance, potentially paving the way for broader acceptance and investment in established digital assets like Litecoin. The Nasdaq listing provides institutional and retail investors with regulated exposure to these cryptocurrencies, marking another step toward the maturation of digital asset markets within the traditional financial ecosystem.

Canary Capital's Hedera ETF Set to Debut on Nasdaq Amid Crypto Fund Surge

Hedera's native token HBAR will make its U.S. exchange-traded debut through Canary Capital's ETF, launching on Nasdaq alongside a Litecoin product. The dual listing arrives during a week marked by multiple crypto fund introductions, leveraging recent SEC rule changes that streamline approvals for spot commodity ETPs.

The launch exploits regulatory tailwinds—September's generic listing standards and CorpFin shutdown guidance enabled rapid listings despite limited SEC staffing. Bitwise's solana ETF on NYSE and Canary's Nasdaq offerings demonstrate this accelerated pipeline in action.

For Hedera, the Nasdaq listing transcends symbolic value. It institutionalizes brokerage access to HBAR through traditional market infrastructure, potentially reshaping investor exposure to the DLT network's token.

Bitwise Solana ETF (BSOL) Debuts on NYSE Amid Altcoin ETF Expansion

The US crypto ETF market enters a new phase with the launch of Bitwise's Solana Staking ETF (BSOL) on the NYSE. This marks the first SEC-approved Solana ETF, offering 100% spot SOL exposure coupled with in-fund staking—a structure operationally supported by Helius. The product bridges Solana to traditional finance alongside Bitcoin and Ether ETFs, launching ahead of critical macro events including mega-cap tech earnings and the Fed's FOMC decision.

BSOL spearheads a broader altcoin ETF rollout, with Nasdaq listing Canary Capital's Litecoin and Hedera funds on the same day. Grayscale's Solana Trust ETF is expected to follow. These developments extend 2024's bitcoin and Ether ETF breakthroughs to single-asset products beyond the dominant cryptos, accelerated by September's SEC regulatory streamlining of generic listing standards.

4 New Crypto ETFs Launch on Nasdaq, Expanding Institutional Crypto Access

Nasdaq prepares to list four new cryptocurrency ETFs this week, marking another milestone in traditional finance's embrace of digital assets. Bitwise's BSOL ETF offers direct Solana exposure with 100% staked assets, while Grayscale converts its existing Solana trust into an ETF structure. Canary Capital introduces two additional funds tracking Litecoin and Hedera.

The launches proceed despite operational challenges at the SEC during a federal shutdown. Solana emerges as the standout, with Bitwise's product promising approximately 7% annual yield through Helius Technologies' staking infrastructure. This follows the successful introduction of Bitcoin and ethereum ETFs earlier this year.

XRP ETF Delay Linked to Ripple's SEC History as Solana, HBAR, and Litecoin ETFs Advance

The crypto market braces for a wave of new ETF launches, yet XRP remains conspicuously absent. Canary Funds' spot HBAR and Litecoin ETFs will debut on NASDAQ tomorrow, while Bitwise Solana ETF and Grayscale’s Solana Trust (GSOL) have cleared NYSE filings, signaling growing institutional acceptance of crypto-linked products.

Bloomberg ETF analyst James Seyffart attributes this progress to a recent SEC guidance letter. Question 11 of the document, though technically addressing IPOs, appears to have provided legal teams at Canary, Bitwise, and Grayscale enough clarity to proceed—a path XRP has yet to follow due to Ripple's ongoing regulatory overhang.

US Solana Staking ETFs Launch Marks Pivotal Shift for Altcoin Markets

The US crypto market enters uncharted territory as four altcoin exchange-traded funds begin trading on October 28. Bitwise's Solana Staking ETF (BSOL) leads this first wave of non-Bitcoin, non-Ethereum spot products, with NYSE and Nasdaq confirming listing notices. Bloomberg's Eric Balchunas notes the launch appears imminent barring last-minute SEC intervention.

Grayscale prepares to convert its Solana ETF the following day, while Canary Capital simultaneously debuts spot ETFs for Litecoin and Hedera on Nasdaq. "Litecoin and Hedera are the next two token ETFs to go effective after Ethereum," confirmed Canary CEO Steven McClurg. The approvals validate months of institutional infrastructure development, with Jito's Thomas Uhm highlighting the operational groundwork preceding this milestone.

HBAR and Litecoin Rally Ahead of NASDAQ ETF Launches

HBAR and Litecoin are posting significant gains as the market anticipates the launch of their spot ETFs on the NASDAQ. HBAR trades NEAR $0.22, up 18.1% in 24 hours, while Litecoin hovers around $105.92, gaining 5.13% daily. The approvals proceed despite the U.S. government shutdown, leveraging automatic activation rules to bypass SEC intervention.

Canary Funds' Hedera and LTC ETFs are confirmed to begin trading tomorrow, with Bloomberg analyst Eric Balchunas noting all regulatory filings are complete. Meanwhile, other altcoin ETFs—including XRP, Dogecoin, and Avalanche—remain under review without launch timelines.