Solana News Update: Altcoin ETFs Challenge SEC Postponements, Anticipate Institutional Entry

Bitget-RWA2025/10/27 21:58

By: Bitget-RWA

- Multiple U.S. ETF providers plan to launch Solana, Litecoin, and Hedera ETFs on October 28-29 despite SEC delays, including Bitwise, Canary Capital, and Grayscale. - SEC's cautious review of altcoin ETFs (LTC/HBAR delayed to November 8) contrasts with accelerated industry filings and post-shutdown regulatory reset expectations. - Market data shows Litecoin ($102.56) and Hedera ($0.18) gaining traction, with analysts predicting XRP/SOL/LTC ETF approvals within two weeks. - Institutional adoption grows via

The U.S. market for cryptocurrency ETFs is on the verge of substantial growth, as several asset managers are set to introduce exchange-traded funds (ETFs) for

Solana

(SOL),

Litecoin

(LTC), and

Hedera

(HBAR) this week, even as regulatory uncertainties persist. According to a Monday post by Bloomberg Senior ETF Analyst Eric Balchunas, exchanges have issued listing notifications for Bitwise’s Solana ETF and Canary Capital’s Litecoin and Hedera funds, with launches planned for Tuesday, October 28. Grayscale’s conversion of its Solana Trust is anticipated the following day, as reported by

Cointelegraph

Solana News Update: Altcoin ETFs Challenge SEC Postponements, Anticipate Institutional Entry image 0

This wave of launches represents a major turning point for alternative cryptocurrency investments, which have traditionally encountered more stringent oversight than

Bitcoin

and

Ethereum

. On October 7, Canary Capital

filed Form 8-A

with the SEC for its

LTC

and

HBAR

ETFs, joining Bitwise’s Solana ETF application and reflecting growing momentum in the sector. These moves follow similar actions by companies such as

Osprey

and Grayscale, with Grayscale amending its Solana Trust to become an ETF. The SEC’s recent decision to allow S-1 filings without requiring amendment delays has enabled issuers to move forward, even as a partial government shutdown has slowed regulatory processes, according to

Blockonomi

Recent market figures highlight the increasing interest in these altcoins. Litecoin is currently priced at $102.56 with a market cap of $7.84 billion, while Hedera trades at $0.18 and has a $7.76 billion market cap, based on CoinMarketCap data from October 2025. Both coins have demonstrated strength, with Litecoin’s daily trading volume climbing 10.58% to $823.18 million and Hedera seeing greater enterprise adoption. Nate Geraci, co-founder of the ETF Institute, and other analysts expect that ETFs for

XRP

, Solana, and Litecoin could be approved within two weeks, according to

CryptoTimes

, pointing to the industry’s preparedness for a new regulatory phase after the shutdown.

The recent

NYSE's approval

of Bitwise’s Solana Staking ETF further enhances institutional legitimacy. This fund, which offers staking rewards and charges a 0.20% management fee, is structured to follow Solana’s price and provide yield to investors. This development is in line with broader industry trends, such as Grayscale’s integration of staking into its Solana Trust and Hong Kong’s authorization of its first Solana spot ETF, potentially accelerating global adoption.

Nonetheless, regulatory obstacles remain. The SEC has postponed decisions on Canary’s LTC and HBAR ETFs to November 8, reflecting a careful stance on altcoin-related products. Still, some industry observers believe the SEC could speed up reviews after the shutdown to keep pace with international developments and investor interest. Balchunas pointed out that while the October 28 launch is “not guaranteed,” the filings show that issuers are making substantial preparations.

If these ETFs receive approval, they could attract billions in institutional investments, similar to the surge seen after Bitcoin and Ethereum ETF launches in early 2024. For individual investors, these products offer a regulated and convenient way to access altcoins, lowering barriers such as wallet management and custody concerns. As the market awaits final decisions, the period from October 28 to 29 has become a key moment for the next wave of institutional involvement in crypto.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Solana News Update: Altcoin ETFs Challenge SEC Postponements, Anticipate Institutional Entry

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