Solana News Update: Altcoin ETFs Challenge SEC Postponements, Anticipate Institutional Entry
- 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
 
    This wave of launches represents a major turning point for alternative cryptocurrency investments, which have traditionally encountered more stringent oversight than
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
The recent
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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