Solana, Hedera, Litecoin Spot ETFs Set to Begin Trading on NYSE and Nasdaq This Week

NYSE, Nasdaq Proceed With Spot Crypto ETF Listings Amid Ongoing Government Shutdown

The New York Stock Exchange (NYSE) and Nasdaq have moved ahead with listings for four new spot cryptocurrency exchange-traded funds (ETFs), even as much of the U.S. government remains closed.

Both exchanges filed listing notices on Monday, indicating that the ETFs could begin trading as early as Tuesday. The lineup includes the Bitwise Solana Fund, Canary Capital Litecoin and HBAR Fund, and the Grayscale Solana Trust, which is scheduled to launch Wednesday.

The developments surprised market watchers who expected delays from the Securities and Exchange Commission (SEC) amid the federal shutdown. The SEC, like other government agencies, has been operating with limited personnel, as most non-essential staff remain furloughed and essential workers continue without pay.

These ETFs had reached their final decision deadlines earlier in the month but appeared stalled due to the shutdown. The exchanges’ sudden publication of listing notices implies that issuers may be leveraging newly established generic listing standards or alternative regulatory pathways that allow funds to launch without direct SEC authorization.

Spot crypto ETFs enable investors to gain price exposure to digital assets without holding them directly. The latest batch marks the first wave of such products tied to alternative tokens following the successful debut of spot Bitcoin (BTC) and Ether (ETH) ETFs in 2024. Some of the new offerings also integrate staking functionality, giving investors potential yield in addition to price exposure.

Several other issuers have pending applications for Solana and other crypto-based spot ETFs on the NYSE, Nasdaq, and Cboe. However, it remains uncertain when those will advance, as the regulatory process continues to face disruptions from the prolonged government shutdown.

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