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First U.S. Crypto ETFs Launch Amid Government Shutdown

10/28/2025

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Summary

Story summary

Canary Capital plans to launch the first U.S. exchange-traded products tied to litecoin and hedera on October 31, 2025, despite a government shutdown.
Bitwise Asset Management will launch a Solana-linked cryptocurrency ETF on October 31, 2025.
The launches use a streamlined approval process that bypasses lengthy reviews for new cryptocurrency products.
Canary Capital CEO Steven McClurg welcomed the U.S. Securities and Exchange Commission's vote easing listing standards.

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Story summary

Canary Capital plans to launch the first U.S. exchange-traded products tied to litecoin and hedera on October 31, 2025, despite a government shutdown.
Bitwise Asset Management will launch a Solana-linked cryptocurrency ETF on October 31, 2025.
The launches use a streamlined approval process that bypasses lengthy reviews for new cryptocurrency products.
Canary Capital CEO Steven McClurg welcomed the U.S. Securities and Exchange Commission's vote easing listing standards.