Bitwise and Canary Capital Confirm Solana and HBAR ETFs to Begin Trading Tomorrow

After weeks of speculation and mixed signals, it’s now confirmed that Bitwise and Canary Capital will officially launch their Solana (SOL) and Hedera (HBAR) exchange-traded funds (ETFs) tomorrow. This marks a major milestone for the cryptocurrency market, signaling growing institutional interest in altcoin-based financial products.

The road to these ETF launches has been anything but straightforward. Confusion surrounding regulatory approvals and repeated false starts have kept investors on edge. Earlier today, Bitwise announced that its Solana ETF is ready to go, while Canary Capital confirmed its Solana and HBAR ETFs have received NYSE Arca certification. These announcements have largely erased doubts and suggest that trading will begin imminently.

The arrival of Solana and HBAR ETFs could significantly broaden the altcoin investment landscape. Institutional investors have already been pouring massive capital into digital asset ETFs, and friendlier regulatory stances have paved the way for innovations such as staking features. Despite these bullish developments, SOL and HBAR prices have yet to rally. Analysts believe that persistent skepticism and broader macroeconomic uncertainty—especially the ongoing U.S. government shutdown—are weighing heavily on market sentiment.

The shutdown has disrupted ETF approval processes and added to the unpredictability surrounding the crypto sector. As a result, traders may be waiting for tangible market movement before reacting. Still, tomorrow’s launch could provide the spark the market needs. If successful, these ETFs could rebuild confidence in digital assets and encourage further diversification beyond Bitcoin and Ethereum.

For now, investors are watching closely as the first altcoin ETFs prepare to go live, a development that could reshape the trajectory of the crypto investment market.