#CryptoETFs🚀💼📊 May Debut — Even Amid U.S. Government Shutdown
According to recent industry reports:
Canary Capital has submitted Form 8-A registration statements for spot-market#ETFs tracking #Litecoin (LTC) and Hedera (HBAR).
Bitwise Asset Management has likewise filed a related application for a spot/staking ETF tied to Solana (SOL).
Despite the ongoing U.S. government shutdown, these ETFs are poised to launch this week, though no exact date has been confirmed.
Why this matters
These would be among the first U.S. spot (or staking-eligible) ETFs tied to altcoins beyond the usual Bitcoin/Ethereum lineup, representing a potentially major expansion of crypto into mainstream investment vehicles.
The fact they’re proceeding during the shutdown suggests issuers are relying on a streamlined regulatory path: filings that can become effective automatically after 20 days if no delaying amendment is submitted. Market reaction is already visible: both LTC and HBAR have posted gains ahead of the expected launch.
Important caveats
While filings are in place, approval isn’t guaranteed — last-minute regulatory issues or formal clearances from the U.S. Securities and Exchange Commission (SEC) could still impact timing or structure.
The exact launch date remains unconfirmed, so investors should be cautious about assuming a firm start this week.
As with all crypto-linked investment products, risks are elevated, including regulatory, custody, liquidity and volatility risks.
What to watch next
Official listing notices on exchanges (such as Nasdaq or New York Stock Exchange) for the ETFs.
Any SEC commentary or confirmations that the automatic-effectiveness route is valid despite the shutdown.
Price action in LTC, HBAR and SOL, especially if the ETF starts trading—this could prompt increased interest or volatility.
