Key takeaways
- Bitwise’s Solana Staking ETF and Canary’s Litecoin and HBAR funds are expected to list this week.
- The launches mark an expansion of crypto ETFs beyond Bitcoin and Ethereum into the altcoin markets.
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Crypto ETF momentum is gathering pace as several altcoin-related products prepare to launch this week.
Eric Balchunas, senior ETF analyst at Bloomberg, said listing notices confirm that Bitwise’s Solana Staking ETF, as well as the Canary Litecoin and Canary HBAR ETFs, are expected to begin trading tomorrow. Grayscale’s Solana fund is expected to convert the next day, assuming there is no last-minute intervention from the SEC.
The news follows a now-deleted post from Kyle Samani, managing partner at Multicoin Capital, who announced earlier today on X that the Bitwise Solana Staking ETF would launch later in the week.
