Key takeaways
Which altcoin ETFs are launching on the NYSE?
Solana, Litecoin and Hedera ETFs are expected to begin trading.
How can these ETFs launch while the SEC is closed?
The SEC’s new “generic listing standards” allow exchanges to list ETFs without individual product review.
The NYSE is set to welcome the Solana (SOL), Litecoin (LTC) and Hedera (HBAR) ETFs today!
ETF expert Eric Balchunas confirmed that the exchange has published listing notices for Bitwise Solana, Canary Litecoin and Canary HBAR. Grayscale Solana is scheduled for tomorrow, assuming there is no last minute intervention from the SEC.
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With new rules allowing issuers to avoid lengthy SEC reviews, these funds could attract more institutional interest…regardless of government shutdowns or regulatory delays.
NYSE advances during shutdown
The New York Stock Exchange surprised markets this week by listing four new spot crypto ETFs – including funds linked to Solana, Litecoin and Hedera – even as the US government shutdown continues to stall the SEC.
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Issuers like Canary Capital and Bitwise have confirmed they are ready to launch after completing all internal compliance checks before closing.
The listings mean trading could begin immediately, making it the first time altcoin ETFs have entered the US market without direct approval from the SEC.
ETF launches have also been facilitated by 8-A filings, which officially register ETF shares under the 1934 Act for trading. The NYSE has certified all 8-A filings for ETFs, the final step before stocks can begin trading.
Issuers have included language in their amended S-1s that allows them to automatically take effect 20 days after filing, meaning the SEC does not 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 allow exchanges like the NYSE to list crypto and commodities ETFs.
All they need to do is meet standard requirements (such as custody, market surveillance, and pricing) without individual SEC review.
This replaces the old two-step process, in which the exchange rule change and the ETF itself required separate approvals. The system is based on a 2019 ETF rule.
It gives exchanges “continuing authority” to list funds even if the SEC is partially closed.
Why is this important?
The new rules allow the launch of altcoin ETFs without lengthy SEC reviews. For institutions, this means faster access to digital assets like Solana and Hedera and easier diversification without relying on offshore products.
Many quickly welcomed this regulatory advance; Cryptography is entering 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.
