New Crypto ETFs Launch in Crowded Field Despite SEC Shutdown (2)

A slew of exchange-traded funds focused on smaller cryptocurrencies are making their Wall Street debut this week, with issuers going ahead with the listings amid the ongoing government shutdown.

The Bitwise Solana Staking ETF (BSOL), the first of its kind, launched Tuesday with full staking exposure to Solana — the sixth-largest token — yielding around 7%, according to Dune Analytics. Additional funds focused on little-known cryptos including Litecoin and Hedera’s HBAR also started trading. Another Solana ETF, by issuer Grayscale, is slated to start trading on Wednesday, according to a notice from the New York Stock Exchange.