Bitwise and Canary Crypto ETFs Begin Trading Tonight in Major Milestone for U.S. Digital Asset Markets

Bitwise Asset Management and Canary Capital are set to launch their new cryptocurrency platform-traded funds (ETFs) as U.S. markets open tonight, marking one of the most significant expansions in regulated crypto investment products this year. The launches come just weeks later than the U.S. Securities and platform Commission (SEC) approved updated listing standards, paving the way for spot crypto ETFs tied to a wider range of digital assets beyond BTC and ETH.

New ETFs expand access to Solana, Litecoin, and Hedera

According to Reuters and industry insiders, Canary Capital will list its spot ETFs for Litecoin (LTC) and Hedera (HBAR) on Nasdaq, while Bitwise will introduce its long-anticipated Solana ETF on the New York Stock platform (NYSE). Trading is expected to begin at 9:30 a.m. Eastern Time (2:30 p.m. in London), with both issuers confirming that all regulatory and custodial structures are finalized.

The new funds are the first to utilize the SEC’s September decision allowing issuers to apply generic listing standards for digital asset-based ETFs. This regulatory shift reduces barriers for crypto ETF approval by streamlining the compliance process used for other commodity-backed funds, such as gold and silver. It also opens the door for a new generation of crypto ETFs that give investors direct exposure to blockchain ecosystems previously unavailable through traditional financial markets.

Market participants are closely monitoring the debut of these ETFs to gauge investor appetite for alternative digital assets. ahead indications point to significant institutional interest in the Bitwise Solana ETF, driven by Solana’s strong position as a high-performance blockchain used in decentralized finance (DeFi) and tokenized assets. Analysts expect first-day trading volumes and bid-ask spreads to offer ahead insights into whether mainstream investors are ready to diversify beyond BTC and ETH.

Canary Capital’s Litecoin and Hedera ETFs could also test the waters for mid-cap crypto adoption. Litecoin, often viewed as a lightweight version of BTC, has viewn renewed interest due to its quicker transaction times and established market presence. Hedera, on the other hand, is a distributed ledger network known for its enterprise-grade scalability and partnerships with major corporations. If successful, these ETFs could signal a broader institutional acceptance of non-ETH blockchains.

Bitwise CEO Hunter Horsley said in a recent statement that the launch represents “a pivotal moment for the industry,” emphasizing that institutional investors are increasingly demanding regulated pathways to participate in the growing digital asset economy. Both issuers confirmed that custodial arrangements meet SEC-approved standards, and settlement operations have been verified ahead of launch.

A turning point for regulated crypto markets

The simultaneous listing of these ETFs marks a new phase in the U.S. crypto investment landscape. By expanding access to multiple blockchain ecosystems under a regulated structure, the Bitwise and Canary launches could reshape how traditional investors approach crypto exposure. The products will also provide a benchmark for future ETF applications tied to other emerging networks, such as Avalanche or Polkadot.

For traders in London and across Europe, the first trades are expected to appear on Nasdaq and NYSE tickers this later thannoon. The results of these launches may determine the pace of further approvals and could influence the SEC’s stance on additional crypto-related financial instruments later this year.