Hassan Maishera
TL;DR
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The New York Stock Exchange is set to list four spot crypto ETFs to begin trading as early as Tuesday.
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The listing comes as the SEC remains non-operational due to the ongoing U.S. government shutdown.
NYSE to List Four Spot Crypto ETFs
The New York Stock Exchange (NYSE) posted listing notices on Monday for four new spot cryptocurrency exchange-traded funds (ETFs). In its notice, the stock exchange added that the ETFs will begin trading today, Tuesday.
The filings from NYSE include the Bitwise Solana Fund, Canary Capital Litecoin and HBAR Fund, and the Grayscale Solana Trust. This latest development comes as a shock to industry participants, as ETF issuers didn’t expect any decision from the U.S. SEC due to the ongoing government shutdown. However, the regulator has been operating with a reduced staff.
The four ETFs to go live faced final decision deadlines earlier this month. However, the shutdown pushed the decision process back. The
Spot ETFs allow investors, especially institutions, to gain exposure to underlying digital assets without holding them directly. The SEC approved spot Bitcoin and Ethereum ETFs a few months ago, with the ETFs currently recording billions in weekly trading volume.
