Solana, Hedera and Litecoin Spot ETFs to Debut on NYSE Amid Government Shutdown
Bitwise’s Solana ETF led debut trading with strong volume, as new regulated options extend beyond Bitcoin and Ethereum under the Securities Act of 1933.
The first U.S. spot exchange-traded funds (ETFs) for Solana, Hedera and Litecoin began trading Tuesday on NYSE and Nasdaq, marking an expansion of regulated crypto investment options beyond Bitcoin and Ethereum. Bitwise’s Solana ETF (BSOL) opened with $10 million in volume in its first 30 minutes and could see over $3 billion in inflows within 18 months if demand matches BTC and ETH ETFs, according to Bloomberg Intelligence. On Nasdaq, Canary Capital’s Hedera ETF (HBR) and Litecoin ETF (LTCC) posted $4 million and $400,000 in early trading, respectively. By day’s end, BSOL was projected to reach $52 million in volume, with HBR and LTCC expected to hit $8 million and $7 million. All three ETFs launched under the Securities Act of 1933, with CoinDesk Indices providing pricing benchmarks for Hedera and Litecoin.
- Spot ETF: An exchange-traded fund that holds the underlying asset directly, giving investors exposure to its current market price.
- Securities Act of 1933: A U.S. federal law regulating the initial offering of securities, requiring registration and disclosures to protect investors.
- Solana (SOL): A high-performance blockchain platform focusing on scalability and low transaction costs, used for decentralized applications and DeFi.