U.S. Exchanges Clear Solana, Litecoin and HBAR ETFs to Begin Trading This Week

• Three crypto ETFs launch Tuesday, with GSOL set to debut Wednesday.
• Amended S-1 filings allow ETFs to auto-activate during the U.S. shutdown.
• SEC guidance enabled timing, though legal experts warn of potential risks.

A series of cryptocurrency exchange-traded funds tied to Solana, Litecoin and Hedera are scheduled to begin trading in the United States this week, following key regulatory filings that allow the products to become effective without direct SEC action. The launches arrive during the ongoing U.S. government shutdown, yet issuers and exchanges have proceeded with steps that enable automatic effectiveness of the offerings.

Listing notices filed by U.S. exchanges show that the Bitwise Solana Staking ETF (BSOL), Canary Litecoin ETF (LTCC), and Canary HBAR ETF (HBR) are set to begin trading on Tuesday. A separate product, the converted Grayscale Solana ETF (GSOL), is expected to launch on Wednesday. Bloomberg ETF analysts confirmed the timelines, citing recent issuer filings.

On October 27, a CERT filing with the U.S. Securities and Exchange Commission (SEC) detailed approval for NYSE Arca to list BSOL. Two additional CERT filings reflected Nasdaq’s authorization to list LTCC and HBR under Form 8-A 12(b). These filings follow recent Form 8-A registrations submitted by the issuers to qualify the ETF shares for trading under the Securities Exchange Act of 1934.

Canary Capital CEO Steven McClurg stated that Litecoin and Hedera follow Ethereum as the next token-based ETFs to become effective, noting the firm’s preparation for the Tuesday launch.

Filings Enable Automatic Effectiveness During Shutdown

The products are moving forward despite the federal government shutdown due to procedural language included in the issuers’ amended S-1 registration statements. The amendments removed delaying provisions, meaning the offerings become effective 20 days after filing if the SEC does not act before the deadline.

In shutdown conditions, this process enables the ETFs to automatically take effect without direct review or intervention by the regulator. Form 8-A serves as the formal registration of ETF shares for listing on a national securities exchange. With both the Form 8-A and CERT filings in place, exchanges can proceed with listing and trading.

SEC Guidance Cited as Catalyst

Bloomberg ETF analyst James Seyffart stated that the ETFs were expected to begin trading this week. He attributed the timeline to language referenced in a Q&A issued by the SEC’s Division of Corporation Finance, which provided guidance relevant to the filing approach taken by issuers.

Corporate legal specialist Scott Johnsson noted that removing the delaying amendment is not a new tactic. However, it can carry additional risks, including the possibility of stop orders once the government reopens or concerns related to fraud exposure.