Solana ETF Push Gains Steam as Bitwise Applies and Grayscale Solana Trust Prep Signals Launch This Week

Market observers see renewed crypto ETFs activity as Canary Capital filed an 8-A form for LTC and HBAR, a development noted by Bloomberg ETF analyst Eric Balchunas. Bitwise likewise submitted an application for a Solana ETF, expanding the roster of issuers pursuing regulated exposure beyond traditional assets. Taken together, the filings indicate growing issuer interest in Solana and other layer-1 tokens, supporting the case for sector-specific ETFs. Even amid a potential government shutdown, market participants are monitoring whether these initiatives, including the Grayscale Solana Trust conversion, advance toward listing this week.

Industry chatter suggests investors monitor regulatory updates and issuer communications for official timelines. Remarks from Bitwise CEO Hunter Horsley that it could be a “Big week”, echoed by Solana’s official account, signal a renewed pace of developments. While no final decision is public, the evolving Solana ETF landscape may influence near-term pricing and risk sentiment for crypto traders.