Litecoin and Hedera ETFs launched on Nasdaq on October 28, 2025, bypassing typical SEC approval via the “automatic effectiveness” rule. LTC jumped 6.1% to $92, while HBAR surged 12.7% to $0.28. Combined altcoin ETF volume topped $1.2 billion. These products offer direct spot exposure without requiring private key management. Market enthusiasm remains strong despite recent crypto volatility. The crypto environment continues evolving for institutional players seeking simplified access.
While the U.S. government took a temporary siesta during its latest shutdown, the crypto market scored a major win. Litecoin (LTC) and Hedera (HBAR) ETFs officially began trading on Nasdaq October 28, 2025, marking the first spot ETFs for these cryptocurrencies in the United States. Talk about timing.
The ETFs slipped through regulatory cracks thanks to the SEC’s “automatic effectiveness” rule, bypassing manual review during the shutdown. No bureaucrats needed, apparently. The coordination process utilized 8-A registration forms to facilitate the swift launch. Canary Capital‘s offerings provide direct spot exposure, with HBAR trading under the ticker HBR, while custody partners include industry heavyweights Coinbase and BitGo.
The market responded with predictable enthusiasm. LTC jumped 6.1% to $92, while HBAR surged an impressive 12.7% to $0.28 within hours of trading. Not too shabby. Combined altcoin ETF volume topped $1.2 billion, with Solana leading at $680 million, followed by LTC at $340 million and HBAR trailing at $190 million.
These developments represent a notable expansion beyond Bitcoin and Ethereum in the institutional crypto space. Investors can now gain exposure without the headache of managing private keys or setting up wallets. Convenience sells, clearly. However, investors should remain cautious given the recent market fragility exposed by the $2.2 billion single-day liquidation event.
Unlike the Solana ETF that launched simultaneously on NYSE with staking components, the Nasdaq newcomers don’t offer staking capabilities. Just straightforward spot exposure. Sometimes simpler is better.
The launches occurred under the SEC’s “shutdown playbook,” highlighting a surprisingly flexible regulatory approach to crypto products. Previous Bitcoin and Ethereum ETF approvals paved this path. The dominoes are falling, one by one.
Crypto analysts are practically giddy, calling this a milestone for institutional access. The community’s celebrating like it’s 1999. Hedera has particularly impressed users with its ability to handle over 10,000 transactions per second for major companies. These ETFs are expected to increase liquidity and attract fresh capital to both networks, potentially reshaping their market dynamics.
For Litecoin and Hedera, this mainstream financial validation couldn’t come at a better time. Wall Street’s crypto buffet just got two new entrees. Let’s see how hungry investors really are.
