Multiple crypto exchange-traded funds (ETFs) are set to launch this week despite the government shutdown, with investment products based on Solana (SOL), Litecoin (LTC), and Hedera (HBAR) seemingly ready to start trading as soon as Tuesday.<\/p>\n
On Sunday night, Nate Geraci affirmed<\/a> that the next two weeks will be key for the long-awaited spot crypto-based ETFs as Solana, XRP, LTC, and other ETF filings are \u201call lined up & ready for launch.\u201d<\/p>\n Similarly, Bitwise CEO, Hunter Horsley, hinted<\/a> that this week would be a \u201cBig week,\u201d suggesting progress related to its Solana Staking ETF. It\u2019s worth noting that the crypto community has been awaiting the US Securities and Exchange Commission (SEC)\u2019s approval of the investment products following the numerous ETF applications filed over the past few months.<\/p>\n Between August and September, the regulatory agency postponed<\/a> the decision deadline of most applications by two months, pushing back the key dates to mid-October and mid-November. However, the government\u2019s shutdown, which started on October 1, reduced the odds of the products receiving a green line during the expected timeline.<\/p>\n On Monday morning, ETF expert Erich Balchunas reported<\/a> that multiple issuers were looking to launch their crypto-based ETFs this week, despite the government shutdown. According to the Bloomberg analyst, Canary Capital had filed 8-A forms for its spot Litecoin and Hedera ETFs, while Bitwise had filed one for its Solana Staking ETF.<\/p>\n \u201cThese are the ones rumored to be poss looking to launch (along w Grayscale solana) this week despite shutdown. Not a done deal but clearly preparations being made. Stay tuned,\u201d Balchunas stated.<\/p>\n Later, Balchunas confirmed<\/a> the reports that the exchange had posted listing notices for Bitwise\u2019s Solana Staking ETF, and Canary\u2019s LTC and HBAR ETFs to launch on October 28, while Grayscale\u2019s Solana trust is set to convert on Wednesday. \u201cAssuming there\u2019s not some last min SEC intervention, looks like this is happening,\u201d the analyst added.<\/p>\n Crypto Journalist Eleanor Terret also shared<\/a> the news, citing Canary\u2019s CEO, Steven McClurg, who confirmed that the Canary spot HBAR and LTC ETFs will begin trading on Nasdaq on Tuesday.<\/p>\n \u201cLitecoin and Hedera are the next two token ETFs to go effective after Ethereum,\u201d McClurg told the journalist in a statement. \u201cWe look forward to launching tomorrow.\u201d<\/p>\n Terret explained that despite the government shutdown<\/a>, the launch is possible because \u201cthe operation of law does not always actually require an open government.\u201d<\/p>\nSolana, Litecoin, Hedera Products Take The Lead<\/h2>\n