Four altcoin exchange-traded funds (ETFs) begin trading on Oct. 28, marking the first wave of non-Bitcoin, non-Ethereum spot crypto ETFs in the US and potentially catalyzing rotation into altcoin after months of consolidation.
Bloomberg senior ETF analyst Eric Balchunas confirmed that NYSE and Nasdaq posted listing notices for the Bitwise Solana Staking ETF. A few hours later, Bitwise confirmed that BSOL trading starts on Oct. 28.
Additionally, Grayscale’s Solana ETF will convert the following day. Balchunas stated:
“Assuming there’s not some last-minute SEC intervention, looks like this is happening.”
Canary Capital CEO Steven McClurg told journalist Eleanor Terrett that the firm’s spot HBAR and LTC ETFs are effective and will begin trading on Nasdaq.
According to Terrett’s report, McClurg said:
“Litecoin and Hedera are the next two token ETFs to go effective after Ethereum. We look forward to launching tomorrow.”
Multicoin Capital partner Kyle Samani first disclosed the launch date of the Bitwise SOL staking ETF in a now-deleted Oct. 27 post.
Reports following Samani’s publication stated that the NYSE had confirmed the Bitwise Solana Staking ETF had received trading clearance.
Infrastructure built for institutional moment
Thomas Uhm, chief commercial officer at Jito, said the approvals validate months of operational groundwork.
In a note, he stated:
“We’ve been sitting on the precipice of this moment, and I’m immensely proud we’re finally here. The approval of staked Solana ETFs is a signifi
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Author: Gino Matos
