Solana, Litecoin, Hedera ETFs go live on NYSE – A first without SEC review!
New SEC rules allow launches without individual reviews, making crypto investments quicker.
Key takeaways
What altcoin ETFs are launching on the NYSE?
Solana, Litecoin, and Hedera ETFs are set to start trading.
How are these ETFs able to launch during the SEC shutdown?
New SEC “generic listing standards” let exchanges list ETFs without individual product reviews.
The NYSE is set to welcome Solana [SOL], Litecoin [LTC], and Hedera [HBAR] ETFs today!
ETF expert Eric Balchunas confirmed the exchange has posted listing notices for Bitwise Solana, Canary Litecoin, and Canary HBAR. Grayscale Solana is set for tomorrow, assuming no last-minute SEC intervention.
With new rules allowing issuers to skip lengthy SEC reviews, these funds could bring in more institutional interest…regardless of government shutdowns or regulatory delays.
NYSE pushes ahead during shutdown
The New York Stock Exchange surprised markets this week by listing four new spot crypto ETFs – including funds tied to Solana, Litecoin, and Hedera – even as the U.S. government shutdown continues to stall the SEC.
Issuers like Canary Capital and Bitwise confirmed they were ready to launch after completing all internal compliance checks before the shutdown.
The listings mean trading could begin immediately, making this the first time altcoin ETFs are entering the U.S. market without direct SEC sign-off.
ETF launches were also facilitated by 8-A filings, which formally register ETF shares under the 1934 Act for trading. NYSE certified all 8-A filings for the ETFs, the final step before shares can start trading.
Issuers included language in their amended S-1s that lets them automatically go effective 20 days after filing, meaning the SEC doesn’t need to manually approve them… even during the shutdown.
How is this possible?
These launches are possible thanks to new “generic listing standards” approved by the SEC in mid-September. The rules let exchanges like the NYSE list crypto and commodity ETFs.
All they need is to meet standard requirements (like custody, market surveillance, and pricing) without individual SEC reviews.
This replaces the old two-step process, where both the exchange’s rule change and the ETF itself needed separate approvals. The system builds on a 2019 ETF rule.
It gives exchanges “standing authority” to list funds even if the SEC is partially shut down.
Why does this matter?
The new rules let altcoin ETFs launch without long SEC reviews. For institutions, this means quicker access to digital assets like Solana and Hedera and easier diversification without using offshore products.
Many were quick to hail this as a regulatory breakthrough; crypto is moving into mainstream finance despite political or bureaucratic delays.
The first day of trading will test both investor interest and the SEC’s new fast-track system.
