Crypto markets are celebrating a powerful new milestone as three new cryptocurrency exchange-traded funds (ETFs) launched on Oct. 28, marking one of the most bullish developments of the year for digital assets. The launches introduced the Bitwise Solana Staking ETF (BSOL), Canary Capital Group LLC Canary HBAR ETF (HBR), and Canary Litecoin ETF (LTCC) under the 1933 Securities Act. The strong debut of these funds signals deepening confidence in crypto’s long-term role in diversified investment portfolios.

Bloomberg ETF analyst Eric Balchunas stated on social media platform X before trading began:

Big day … Three coins are getting first ’33 Act spot ETFs.

After markets closed, he reported: “Final tally of Day One trading.. $BSOL: $56m, $HBR: $8m, $LTCC: $1m.”

Balchunas added that BSOL’s first-day trading volume made it the strongest ETF launch of 2025, surpassing the REX-Osprey XRP ETF (XRPR), REX-Osprey SOL + Staking ETF (SSK), Dan Ives Wedbush AI Revolution ETF (IVES), and T-REX 2X Long BMNR Daily Target ETF (BMNU). He also noted that BSOL was seeded with $220 million and could have reached around $280 million in assets had the initial seed been fully deployed, which would have placed it above Blackrock’s Ishares Ethereum Trust ETF (ETHA) debut earlier this year.

“Big first day for the Bitwise Solana Staking ETF $BSOL: $55.4 million in trading volume $217.2 million in AUM. Now the largest spot solana ETF, targeting 100% staked & seeking to maximize solana’s 7%+ average staking rewards,” Bitwise shared on X. CEO Hunter Horsley commented: “Investors like growth potential, and investors like staking rewards. BSOL provides low-cost exposure to both. We’re thrilled to create high-quality access to one of the most widely used blockchains in crypto: solana.”

Steven McClurg, CEO and founder of Canary Capital, said in a press statement: “Hedera is at the center of that shift—its network is already being used by enterprises to issue, settle, and track digital assets at scale. HBR gives investors a front-row seat to that evolution.” Commenting on the litecoin ETF, he opined: “As one of the longest-running blockchains, litecoin has demonstrated a proven track record of security and reliability with significant enterprise-class use cases. With LTCC, we are proud to provide investors an SEC-registered vehicle to gain exposure to this important digital asset.” The executive stressed:

We’re entering a new era where tokenization is moving from concept to real-world adoption.

The U.S. Securities and Exchange Commission (SEC) confirmed in early October that it is operating with minimal staff due to a lapse in appropriations, though essential systems such as EDGAR remain active to safeguard market integrity. The timing of these ETF launches has drawn attention from analysts who suggest that reduced regulatory oversight may have allowed innovation to proceed more efficiently. The success of the Bitwise Solana Staking ETF, Canary HBAR ETF, and Canary Litecoin ETF highlights how the crypto industry continues to advance on strong investor conviction—even as traditional regulatory operations temporarily slow.

• What does the launch of the SOL, HBAR, and LTC spot ETFs mean for investors?
  These ETFs provide regulated, institutional-grade access to top crypto assets under the 1933 Act, signaling a major leap in market maturity.
• How significant was the first-day trading volume of these ETFs?
  The Bitwise Solana ETF ($BSOL) posted $55.4 million in day-one volume, making it the strongest ETF launch of 2025.
• Why is the SEC’s reduced staffing being seen as an enabler of this launch?
  Analysts believe the temporary reduction in regulatory friction may have accelerated innovation and greenlighted these launches at the perfect time.
• What could this ETF milestone mean for future crypto investment products?
  It sets the stage for a wave of new spot ETFs and deeper crypto integration into mainstream financial portfolios.

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