NYSE Lists Four Crypto ETFs to Begin Trading Tuesday Amid SEC Shutdown Delays

Highlights:

• NYSE lists four crypto ETFs, as Solana and Litecoin funds prepare to start trading this week amid SEC delays.
• Bloomberg analyst Eric Balchunas says the ETF listings mark steady growth for crypto markets.
• Solana ETF launch signals rising institutional demand and shows expanding investor trust.

Cryptocurrency markets are gearing up to receive additional exchange-traded funds this week. On Monday, Bloomberg analyst Eric Balchunas affirmed the listings, indicating that Solana, Litecoin, and HBAR funds will launch on Tuesday. The New York Stock Exchange has approved four new crypto ETFs to launch, which broaden access to digital assets by institutions.

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UPDATE: 🇺🇸 Bitwise’s Solana ETF ($BSOL) and Canary’s Hedera and Litecoin ETFs are set to begin trading tonight, marking another major step in the expansion of crypto-based exchange-traded funds in the U.S. market. pic.twitter.com/09wunfZDF5

— Souvik.eth (@souvik_eth1) October 28, 2025

The filings include the Bitwise Solana Fund, Canary’s Litecoin and HBAR Funds, and the Grayscale Solana Trust. Grayscale’s conversion to an ETF is expected to occur on Wednesday. The timing surprised many in the market since the Securities and Exchange Commission continues to operate with limited staff during the ongoing U.S. government shutdown.

Despite these constraints, issuers proceeded with their plans through other regulatory channels. These listings, analysts believe, indicate the way issuers and exchanges are adjusting to keep the market on track even as formal SEC reviews are stalled. This trend also shows an increase in faith in the long-term involvement of crypto-based funds in mainstream finance.

The crypto ETFs are based on the success of previously approved Bitcoin and Ethereum spot funds last year. Investors see this as the next stage in widening institutional exposure to major altcoins.

Solana and Litecoin Funds Lead Launches

The NYSE listings include products from Bitwise, Canary, and Grayscale, representing a diversified set of assets. They are the first new wave of altcoin-based ETFs to reach U.S. markets after the landmark Bitcoin and Ethereum approvals. Trading begins Tuesday for three of the funds, while the Grayscale Solana Trust will convert and list on Wednesday.

These issuers relied on 8-A filings and generic listing standards introduced in September to bypass direct SEC approval. The mechanism allows exchanges to proceed under the Securities Exchange Act during administrative slowdowns. Balchunas explained that both the NYSE and Nasdaq acted under new procedures that permit ETFs to go live once they meet specific disclosure requirements. The strategy guarantees continuity in the expanding crypto ETF market despite short-term federal interruptions.

The Solana ETF offered by Bitwise also includes staking rewards, allowing investors to earn extra returns. Likewise, Grayscale has recently added staking to its Solana Trust following the clarification by the SEC that some staking models are not securities. The REX-Osprey Solana Staking ETF launched in July on the Cboe BZX Exchange, marking the first approved crypto staking ETF in the United States. These developments highlight the mainstream nature of staking products in regulated investment avenues.

Today, Grayscale Ethereum Mini Trust ETF (Ticker: $ETH) and Grayscale Ethereum Trust ETF (Ticker: $ETHE) have become the first U.S.-listed spot crypto exchange-traded products (ETP) to enable staking, another first-mover milestone for the firm.

Grayscale Solana Trust (OTCQX:… pic.twitter.com/45963Bn9UW

— Grayscale (@Grayscale) October 6, 2025

Solana ETF Launch Highlights Institutional Confidence in Crypto ETFs

Solana is trading close to $203 because of the optimistic investor expectation relating to the ETF launch. Traders believe that the listing will drive institutional demand and make Solana one of the leading blockchain networks.

Beyond Solana, issuers are seeking crypto ETF approvals for Cardano, Avalanche, and Dogecoin. Analysts said this expansion marks a key step toward broader crypto adoption within regulated markets.

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