The first batch of Solana, LTC, and HBAR spot ETFs will gradually go live on U.S. stock exchanges tonight

The U.S. cryptocurrency ETF marketplace has seen a major development. According to Eleanor Terrett's X post, the first batch of Solana ( SOL ), Litecoin ( LTC ), and Hedera spot ETFs will be listed on the Nasdaq and New York Stock Exchange this week.

Specifically, the Bitwise Solana Staking ETF (BSOL), Canary Capital's HBAR ETF (HBR), and Litecoin ETF (LTCC) will begin trading on Nasdaq tonight, while Grayscale's Solana Trust (GSOL) will complete its spot ETF conversion the following day.

This progress is made possible by the U.S. Securities and Exchange Commission (SEC)'s automatic effectiveness rule, which allows registered statements to become effective automatically 20 days after submission without manual approval.

This news has also been further confirmed by Bloomberg analyst Eric Balchunas, with notices of listing for Bitwise Solana, Canary Litecoin, and Canary HBAR on the exchanges. If all goes as expected, this is the final step before the stocks go live for trading.

It is worth noting that each ETF product demonstrates distinct features. For example, Bitwise positions its Solana Staking ETF as the first U.S. fund offering 100% direct investment in SOL, aiming to achieve an average staking return of 7% within a limited time, without charging management fees for now.

Meanwhile, Canary Capital's HBAR ETF opts for asset custody through BitGo and Coinbase Custody, with pricing data provided by CoinDesk Indices to ensure compliant operation.

Data shows that as of October 22, there are 155 ETF applications for 35 different cryptocurrencies awaiting approval, with Solana and BTC each leading with 23 applications, reflecting ongoing institutional investor interest in the digital assets sector.

In summary, the rise of cryptocurrency ETFs not only injects new vitality into traditional financial markets but also offers investors more diversified investment options and refined allocation tools.

At the same time, with continuous technological advancements and gradually improving regulatory environments, the integration of digital assets and traditional finance will become even closer, jointly promoting the prosperity of financial markets.

#加密货币ETF # Digital Asset Integration