First trading day for HBAR, SOL and LTC ETFs brings $65 million
On 28 October 2025, three spot crypto ETFs debuted on Wall Street: Litecoin and Hedera funds from Canary Capital and a Solana product from Bitwise.
According to industry reports, day one delivered roughly $65 million in aggregate turnover for the new products, underscoring institutional demand for regulated access to leading altcoins.
Listings were split across venues: Canary’s HBAR and LTC ETFs went live on Nasdaq, while Bitwise’s Solana ETF opened on the NYSE. Issuers relied on an eased registration process introduced by the US regulator in September 2025, which enabled launches despite a federal government shutdown.
Background flow data for Solana funds points to healthy interest: between 20 and 24 October, net inflows into US spot SOL ETFs reached $26.9 million. Over that stretch, the only actively traded product was REX‑Osprey (ticker SSK, Cboe BZX). The fund combines spot exposure to SOL with on‑chain staking, distributing yield directly to shareholders while avoiding a derivatives-based structure.
These features make Solana vehicles a useful entry point for traditional capital entering the ecosystem through a standardized exchange‑traded format.
In parallel with the Hedera ETF launch, HBAR saw a short‑term price pop. Over 24 hours, the token rose by roughly 10% to around $0.20, with a weekly gain above +19%. The rally coincided with a derivatives spike: open interest in HBAR futures jumped by about 60% in a day (to $105.7 million).
On fundamentals, on‑chain activity also ticked up. According to DeFiLlama, network TVL is around $97.5 million (+4% day‑on‑day and +7.5% week‑on‑week). These metrics provide useful context and help explain why demand for HBAR and related products was above average on listing day.
Overall, the launch of spot ETFs for Litecoin, Hedera and Solana widens the menu of regulated crypto instruments and intensifies competition for inflows within the altcoin segment. The next few sessions will show whether debut enthusiasm turns into sustained turnover and net inflows, but day one suggests that investor demand for alt-ETFs is real and measurable.
Further ETF approvals are already in the pipeline: based on available filings, about 155 new ETF products covering 35 assets await SEC review, with combined target capital expected to exceed that of the initial BTC and ETH ETF waves. If approved, they could significantly expand market liquidity and reshape the regulated crypto investment landscape.
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