Solana, Litecoin and Hedera ETFs to Begin Trading This Week

Four new altcoin-tracking ETFs are set to commence trading in the U.S. this week, including Canary Capital's Litecoin and Hedera funds, as well as Bitwise and Grayscale's Solana funds. The Canary Litecoin ETF and Canary HBAR ETF are effective immediately and will begin trading on the Nasdaq on Tuesday. Meanwhile, Bitwise's Solana Staking ETF is also set to launch, while the Grayscale Solana ETF, a conversion from an existing fund, will list on Wednesday. This development follows the successful rollouts of Bitcoin and Ethereum spot ETFs in 2024. The new ETF listings come as brokers have started using an alternative route to gain approval from the SEC, allowing these funds to meet the generic listing standards adopted for commodity-based trusts. After months of speculation, these ETFs signify a growing acceptance of cryptocurrency-focused funds amid a more favorable regulatory environment. Recent industry reports noted significant investor interest, with $921 million in inflows last week for digital asset investment products, as the market sees renewed optimism regarding U.S. interest rate changes.

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