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|3 min ReadExchanges ready altcoin ETFs as Solana leads Tuesday slate
Jax Morales
Senior Analyst
Published
Jan 16, 2026
The market is setting up for another ETF moment. Bloomberg’s Eric Balchunas says US exchanges have posted listing notices for Bitwise’s Solana ETF and Canary’s Litecoin and Hedera funds, with trading expected to begin on Tuesday. It is simple. Listings show up. Capital takes notice. Momentum builds.
Balchunas added in an X update that Grayscale’s Solana Trust is expected to convert to an ETF the next day. Here is the post, right from the source: post.
This week’s slate lands while the federal government is shut down as of Oct. 1. The Securities and Exchange Commission is still operating at limited capacity. Yet the machine keeps moving. Listings are posted. Issuers line up. Investors prepare.
Playbook follows Bitcoin’s ETF path
The SEC approved the first US spot Bitcoin ETFs on Jan. 10, 2024, opening the door for listings from BlackRock, Grayscale, Bitwise, ARK 21Shares, WisdomTree, Fidelity, Valkyrie, VanEck, Hashdex, Franklin Templeton and Invesco Galaxy. That was the spark. Since then, the pipeline has grown. As reported in September, as many as 16 crypto ETFs were lined up for decisions in October, tied to several altcoins including SOL, LTC and Dogecoin.
A crypto ETF is a stock exchange fund that gives exposure to assets like Bitcoin or Solana without the need to hold the coins directly. For many institutions, that wrapper is the difference between watching and buying. Prices referenced alongside the listings show where the market stood in the feed: SOL 97.87, HBAR 113,384, DOGE $0.19. The numbers move. The structure endures.
Staking enters the mainstream wrapper
The narrative this year is staking. Lock tokens in a proof of stake chain like Solana. Help secure the network. Earn rewards paid in the same token. In July, the REX Osprey Solana Staking ETF debuted on Cboe BZX, the first crypto staking ETF approved in the United States. Grayscale recently added staking to its Solana Trust after the SEC’s September statement clarified that certain protocol staking activities do not constitute securities offerings. Bitwise’s proposed Solana ETF, which could be approved on Tuesday, also includes staking features.
Builders are already gearing up for what comes next. Thomas Uhm, chief operating officer at Solana-based liquid staking and MEV protocol Jito, said the approvals are just the beginning. He said they are working with tier 1 investment banks on products tied to these ETFs and on accumulation strategies using staked Solana ETF options. That is how adoption grows. Clear rules, clean wrappers, real yield. Institutions love it. Retail follows. It is a beautiful cycle when it clicks.
Disclaimer: This document is intended for informational and entertainment purposes only. The views expressed in this document are not, and should not be taken as, investment advice or recommendations. Recipients should do their own due diligence, taking into account their specific financial circumstances, investment objectives and risk tolerance, which are not considered here, before investing. This document is not an offer, or the solicitation of an offer, to buy or sell any of the assets mentioned.