Core Insights - The New York Stock Exchange (NYSE) and Nasdaq are set to begin trading four new spot cryptocurrency exchange-traded funds (ETFs) as early as Tuesday, including the Bitwise Solana Fund, Canary Capital Litecoin and HBAR Fund, and the Grayscale Solana Trust [1] - The launch of these ETFs comes as a surprise to market participants, given the ongoing U.S. government shutdown and the reduced operations of the Securities and Exchange Commission (SEC) [2] - The listing notices indicate that issuers may be utilizing newly developed generic listing standards or alternative mechanisms to launch these funds without SEC approval [3] ETF Characteristics - Spot ETFs provide investors with exposure to underlying digital assets without the need to hold them directly, marking the first launch of such products for new crypto assets following the approval of spot bitcoin (BTC) and ether (ETH) ETFs in 2024 [4] - Some of the newly launched funds are expected to include a staking feature, enhancing their appeal to investors [4] Market Context - Several other issuers have submitted applications to launch similar products related to Solana and other digital assets on NYSE, Nasdaq, and Cboe, although the timeline for approval remains uncertain due to the ongoing government shutdown [5]