Spot Crypto ETFs Debut for SOL, HBAR and LTC on NYSE
The US SEC has approved spot crypto ETFs for Solana (SOL), Hedera (HBAR) and Litecoin (LTC), which debuted on the NYSE via an expedited S-1 process that bypassed traditional 19b-4 approval and was unaffected by the US government shutdown. Four funds began trading: Bitwise’s staking SOL ETF (BSOL), Canary’s Litecoin ETF (CLTC), Canary’s HBAR ETF (CHBR) and Grayscale’s converted SOL ETF (GSOL). These spot crypto ETFs recorded over $50 million in first-day volume, with combined assets nearing $200 million and BSOL attracting $220 million at launch. Strong institutional demand and market maker activity boosted liquidity. The new ETFs extend regulated exposure beyond Bitcoin and Ether and offer potential staking rewards for investors.
Bullish
The launch of spot crypto ETFs for SOL, HBAR and LTC is bullish. In the short term, first-day volumes above $50 million and rapid institutional inflows signal immediate buying pressure. BSOL alone attracted $220 million quickly, highlighting strong demand for staking-based products. Over the long term, regulated ETF structures can broaden retail and institutional participation and improve liquidity for these altcoins. Historical precedents with Bitcoin and Ether spot ETFs show that such listings often support sustained price appreciation. Moreover, bypassing the 19b-4 process lowers regulatory uncertainty, reinforcing market confidence and setting a positive outlook for SOL, HBAR and LTC.