Solana, Litecoin, HBAR ETFs by Bitwise, Canary, and Grayscale to Start Trading This Week

Varinder Singh
3 hours ago
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Solana, Litecoin, HBAR ETFs by Bitwise, Canary, and Grayscale to start trading this week

Highlights

  • Bitwise Solana Staking ETF (BSOL), Canary Litecoin ETF (LTCC), and Canary HBAR ETF (HBR) to launch on Tuesday.
  • Grayscale Solana ETF (GSOL) will launch on Wednesday.
  • Language change in applications, Form 8-A by issuers, and CERT filings makes crypto ETFs auto-effective.

Exchanges have filed listing notices for Bitwise Solana Staking ETF (BSOL), Canary Litecoin ETF (LTCC), and Canary HBAR ETF (HBR) to launch on Tuesday. Also, the Grayscale Solana ETF (GSOL) will launch on Wednesday, according to Bloomberg ETF analysts. This happens due to language in a guidance letter from the US SEC.

NYSE, Nasdaq List Solana, Litecoin, HBAR ETFs for Trading

The CERT filing with the U.S. SEC on October 27 highlighted approval from NYSE Arca to list Bitwise Solana Staking ETF (BSOL). Two other CERT filings revealed Nasdaq’s approval to list Canary Litecoin ETF (LTCC) and Canary HBAR ETF (HBR) under the Form 8-A 12(b).

Bloomberg senior ETF analyst Eric Balchunas further confirmed that Bitwise Solana Staking ETF (BSOL), Canary Litecoin ETF (LTCC), and Canary HBAR ETF (HBR) to launch on October 28. In addition, the converted Grayscale Solana ETF (GSOL) to start trading on October 29.

Canary Capital CEO Steven McClurg said, “Litecoin and Hedera are the next two token ETFs to go effective after Ethereum. We look forward to launching tomorrow.”

Crypto ETFs Approval Despite US Government Shutdown

Despite the U.S. government shutdown, crypto ETFs will get effective with the 8-A and CERT filings. Notably, 8-A is the formal registration of ETF shares under the 1934 Act for trading on an exchange.

The issuers amended S-1 with language that lets them automatically go effective 20 days after filing. If the SEC misses the final deadline in circumstances such as the government shutdown, the S-1 filing goes automatically effective without SEC intervention.

Bloomberg ETF analyst James Seyffart claimed he expects the Solana, HBAR, and Litecoin ETFs to start trading this week. This happened due to language in a guidance letter from the SEC’s Division of Corporate Finance, which came in the form of Q&A.

SEC's Division of Corporate Finance Q&A
SEC’s Division of Corporate Finance Q&A. Source: James Seyffart

Replying to Seyffart, corporate legal expert Scott Johnsson said removing the delaying amendment is not a new process. However, it carries some additional risk, such as stop orders when the government shutdown ends or increased fraud risks.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 5000 news articles and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.