U.S. investors gained new access to altcoins as ETFs for Solana, Litecoin, and Hedera debut this week, marking a milestone for crypto fund expansion.
Posted October 28, 2025 at 10:18 am EST.
Canary Capital will debut the first U.S. exchange-traded funds tracking Litecoin and Hedera on Tuesday. The Litecoin and Hedera ETFs join two Solana funds launching this week as altcoin products reach American investors.
Bitwise confirmed its Solana Staking ETF will also begin trading Tuesday, while Grayscale’s Solana ETF lists Wednesday. The sudden progression caught many observers off-guard as the NYSE and Nasdaq certified 8-A filings offering fund issuers an alternative approval route.
This story is an excerpt from the Unchained Daily newsletter.
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The listings end months of uncertainty about launch timing, complicated by the ongoing U.S. government shutdown now entering its fourth week. Bitcoin ETFs now manage approximately $150 billion in assets, with BlackRock’s iShares Bitcoin Trust accounting for more than half the total. Ethereum funds surpass $27 billion in assets under management.
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