Spot exchange-traded funds (ETFs) tracking Solana (SOL), Hedera (HBAR), and Litecoin (LTC) officially began trading on major US exchanges yesterday.
This marks a significant expansion of regulated crypto investment options beyond Bitcoin and Ethereum, following SEC approvals and exchange listings on Nasdaq and the NYSE.
These launches occurred despite a partial US government shutdown, leveraging an automatic SEC rule under the 1933 Securities Act for Form 8-A certifications. Bitwise Solana Staking ETF (ticker: BSOL) – Listed on NYSE Arca. Includes staking rewards for holders.
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Grayscale Solana Trust (ticker: GSOL) – Converted to a spot ETF and began trading today, October 29, on NYSE Arca. Hedera (HBAR) ETF: Canary Capital Hedera ETF (ticker: HBR) – Listed on Nasdaq.
Canary Capital Litecoin ETF (ticker: LTCC) – Listed on Nasdaq. This is the first-ever US-listed spot ETF for LTC. These products allow investors to gain exposure to the underlying cryptocurrencies through traditional brokerage accounts, without directly holding the assets.
Analysts from Bloomberg and J.P. Morgan project $1–1.5 billion in inflows over the next year, with SOL ETFs potentially attracting up to $3 billion if they follow Bitcoin and Ethereum ETF trends. In the first 30 minutes of trading on October 28: BSOL: $10 million in volume.
The launches sparked short-term price surges: SOL rose over 1.6% to above $202 before stabilizing around $195. HBAR spiked 8% to $0.20. LTC climbed 6% to over $100.
This development reflects growing institutional interest in altcoins, with Bloomberg data showing 155 active ETF filings across 35 cryptocurrencies as of late October. More SOL and other altcoin ETFs from issuers like VanEck and 21Shares are pending approval.
Spot XRP ETFs in the US remain pending SEC review, with no approvals or launches yet. Multiple filings from major issuers like Grayscale, Bitwise, Franklin Templeton, WisdomTree, 21Shares, Canary Capital, and CoinShares are under consideration, but the ongoing US government shutdown—now in its third week—has paused all SEC operations, including ETF evaluations.
This has shifted original October deadlines primarily October 18–25 to late November or December 2025, depending on when the shutdown ends.
Analysts describe this as a “rain delay” rather than a rejection, with high confidence in eventual approvals given XRP’s clarified commodity status post-Ripple’s 2024 SEC settlement and the precedent of recent Solana, Hedera, and Litecoin ETF launches.
The SEC’s lawsuit against Ripple, resolved in March 2025 with the agency dropping its appeal, removed XRP’s “security” overhang, paving the way for ETF filings.
New generic listing standards approved in September 2025 have streamlined the process for spot crypto ETFs. However, XRP futures ETFs (e.g., Volatility Shares’ XRPI, launched May 2025; Teucrium’s XXRP, October 2025; ProShares Ultra XRP ETF, UXRP) are already trading, providing indirect exposure.
These deadlines stem from the SEC’s 240-day review periods initiated in February–May 2025. Public comment periods closed in August, and issuers have submitted amended S-1 statements recently, signaling optimism.
Polymarket bettors now give 99% chance of at least one spot XRP ETF by end-2025, up from 95% pre-shutdown. Bloomberg analysts Eric Balchunas and James Seyffart peg it at 90–95%, citing XRP’s futures trading history meeting the SEC’s six-month threshold.
Nate Geraci predicts a launch “anytime soon” post-Solana’s record debut (e.g., Bitwise SOL ETF hit $10M volume in 30 minutes on Oct 28). Ripple CLO Stuart Alderoty called recent altcoin approvals “the point of no return” for XRP’s regulated integration.
XRP is trading at ~$2.40 down 1.5% today, XRP has stabilized after a 40% October drop. Analysts forecast a 50–150% surge on approval, targeting $3.50–$5 short-term, with $15–$30 by year-end if inflows mirror Bitcoin’s $26.6B in 2025. Whales accumulated $560M in XRP during the delay, per Arkham data.
J.P. Morgan estimates $3.5B in first-year inflows for XRP ETFs, potentially 7% of the global crypto ETF market. If capturing half of Bitcoin’s 2025 inflows $13.3B over two years, XRP could hit $5+.
Canada’s Purpose XRP ETF and Brazil’s spot XRP ETF are already live, drawing $200M+ AUM combined. The REX-Osprey XRPR (a US hybrid spot/derivatives ETF, launched Sept 18, 2025) has exceeded $100M AUM in weeks, smashing records with $37.7M first-day volume—five times prior XRP products.
Ripple’s 120-day application for a national trust bank charter ends October 30, approval here could boost ETF momentum. SEC announcements post-shutdown, Grayscale’s filing is first in line. If delayed further, final decisions could slip to Q1 2026.