New crypto ETFs tracking Litecoin, Hedera and Solana generate $65 million in day-one trading volume

Three new altcoin exchange-traded funds (ETFs) launched on Tuesday: the Canary Litecoin ETF (LTCC), Canary HBAR ETF (HBR), and the Bitwise Solana Staking ETF (BSOL). These funds track the spot prices of Litecoin, Hedera, and Solana, with BSOL being the first U.S. ETP offering 100% direct exposure to SOL through in-house staking. Collectively, the funds generated $65 million in trading volume on their first day, with BSOL dominating with $56 million, setting a record for any ETF launch this year. This follows previous successful debuts, such as XRP and Dogecoin ETFs generating $55 million combined, and spot Ethereum ETFs generating over $1 billion. The surge in launches follows new SEC guidance streamlining the S-1 registration process for crypto ETPs, leading to over 150 filings awaiting review across 35 digital assets.

(Source：The Block)