Solana, HBAR, and LTC ETFs Debut Under Simplified SEC Rules

SOL, HBAR and LTC ETF debut in US

After the SEC permitted crypto ETFs to launch without requiring a 19b-4 filing, a crypto ETF that meets certain pre-established criteria could skip the traditional 19b-4 rule-change filing process. Solana, HBAR and LTC spot ETFs applied such simplified process to get listed despite government shutdown.

Bitwise annouced on X, that the Bitwise Solana Staking ETF Starts trading this Tuesday, with the ticker symbol BSOL on the New York Stock Exchange. Grayscale Solana Trust ETF plans to launch staked spot ETF on Wednesday. While Canary's new spot HBAR and Litecoin ETFs launched on Nasdaq with zero inflows and minimal trading.

Western Union to launch stablecoin on Solana

Financial services company Western Union has said its forthcoming stablecoin settlement system will use the Solana blockchain. The stablecoin will potentially be named USDPT (US Dollar Payment Token) or WUUSD (trademark), which will be built in partnership with Anchorage Digital Bank.

Western Union expects that USDPT will launch in the first half of 2026, providing customer access through partner exchanges to broaden accessibility, similar to how the PayPal USD stablecoin is listed on Binance and other exchanges.

Meanwhile, peers Zelle, MoneyGram are also making stablecoin moves.

dYdX plans for US market entry by year-end

dYdX, one of the top decentralized perpetual swap exchanges, is preparing to enter the U.S. market by the end of the year, in a shift for the derivatives-focused exchange that was previously not available to American users, the president of dYdX told Reuters in an interview.

When entering US market, dYdX plans to limit to its offerings to spot trading on solana and other linked cryptocurrencies. dYdX also plans to slash its trading fees by as much as half "across the board," to between 50 and 65 basis points, said Eddie Zhang, the president of dYdX.

1Token's Service

Serving 80+ Clients worldwide, 1Token's Crypto PMS, RMS, and Portfolio Accounting Software has the unique trading know-how and technology capabilities to build:

• Front office (portfolio managers and traders) to view live position and exposure, calculate trading PnL and historical performance.
• Middle office (ops and risk) to maintain portfolios and API accounts, book OTC trades, monitor risk metrics and analyze VaR/STV, generate shadow NAV with investor subscription/redemption/dividend.
• Back office (admin and auditors) to collect and reconcile trades, generate valuation and PnL reporting under FIFO/WAC tax strategy.

All-in-one support designed for allocators, portfolio managers, and institutional investors seeking transparency and control.