Solana, Litecoin, Hedera Spot ETFs Launch on NYSE and Nasdaq

Introduction of Altcoin ETFs

The debut of Solana, Litecoin, and Hedera spot ETFs on NYSE and Nasdaq marks a significant step for crypto assets, commencing on October 28, 2025.

This move expands crypto ETFs into mainstream altcoins, enhancing market access and signaling institutional acceptance beyond Bitcoin and Ethereum.

NYSE and Nasdaq Embrace Solana, Litecoin, and Hedera ETFs

The introduction of Solana, Litecoin, and Hedera spot ETFs represents an expansion of crypto asset ETFs on NYSE and Nasdaq. Canary Funds launched ETFs for Litecoin and HBAR, while Bitwise introduced a Solana ETF. This move expands institutional access to these altcoins. Major exchanges, such as NYSE and Nasdaq, now list these ETFs, highlighting their increasing acceptance in traditional finance. The latest additions may enhance market dynamics for these altcoins, promising broader investor participation.

According to CoinMarketCap, Solana's current price is $202.78 with a market cap of $111.47 billion, comprising 2.85% of the market. The asset has seen recent price increases, with a 2.02% gain over the past 24 hours and a 13.42% rise over 90 days. The newly launched altcoin ETFs could potentially drive increased attention and investment to these tokens, similar to the impact observed with Bitcoin and Ethereum's ETFs, which previously led to broad market recognition and inflow changes. The Coincu research team anticipates that these listings, combined with institutional participation, could propagate substantial liquidity and enhanced market perceptions of altcoins in the evolving crypto asset landscape.

"After Ethereum ETFs, Litecoin and Hedera will be the next altcoin ETFs. We are ready to launch tomorrow," said Steven McClurg, CEO of Canary Funds.

New Listings Could Transform Altcoin Market Dynamics

Did you know? The launch of Bitcoin and Ethereum ETFs significantly influenced regulatory guidelines, leading to current mainstream integrations, such as the Solana, Litecoin, and Hedera ETFs.

According to CoinMarketCap, Solana's current price is $202.78 with a market cap of $111.47 billion, comprising 2.85% of the market.

The newly launched altcoin ETFs could potentially drive increased attention and investment to these tokens, similar to the impact observed with Bitcoin and Ethereum's ETFs.