The New York Stock Exchange (NYSE) has taken a historic step. It approved new spot exchange-traded funds (ETFs). These funds track the price of Solana, Hedera, and Litecoin. However, the debut of the Solana Hedera and Litecoin ETFs is on pause. Trading will not begin this week as expected. The Securities and Exchange Commission (SEC) must give final approval. This process is halted by the administrative shutdown of the U.S. government.
The approved products include the anticipated Solana Staking ETF from Bitwise. This fund will operate on the NYSE Arca platform. Additionally, Canary Capital will launch the first spot ETFs for Litecoin and Hedera in the U.S. market. The Solana fund is notable. It includes staking rewards (token locking). This allows investors to generate additional returns. They help secure the network while maintaining their asset exposure.
This approval represents a significant regulatory milestone. It brings major altcoins closer to traditional financial markets. Demand for these regulated products is high. In Hong Kong, ChinaAMC has already launched a spot Solana ETF. This demonstrates the growing global appetite. The U.S. approval simplifies investment for large companies and investors. They no longer need to directly manage crypto-asset custody. It is a sign of maturity for the sector.
Could the SEC delay halt the inflow of billions?
The main obstacle now is bureaucratic, not market-based. The federal shutdown keeps the final review in suspense. Managers and traders are on standby. Despite the delay, expectations are enormous. Reports cited in the filings estimate significant capital inflows. Projections range from $5 billion to $8 billion by the end of 2025. This capital flow could alter market liquidity. It would also redefine institutional asset allocation strategies.
The market is in a holding pattern. The structural approval from the NYSE is secured. But the operational launch date depends on Washington. The resumption of federal administrative activity is the next key step. Once the SEC gives the final green light, trading will begin. Investors are watching closely. Interest is not limited to these three assets. There are 92 altcoin ETF applications currently under review, covering 35 different cryptocurrencies.
