BSOL: Bitwise’s Solana ETF Debuts on NYSE 

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Strong Launch Highlights Growing Demand for Solana Exposure

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Bitwise Asset Management officially launched its Solana Staking ETF (NYSE: BSOL) on October 28, 2025, marking the first U.S. exchange-traded product with 100% direct exposure to spot Solana (SOL).

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The new BSOL crypto fund recorded approximately $69.5 million in first-day inflows and about $55 million in trading volume, according to data from Farside Investors and Bloomberg ETF analyst Eric Balchunas.

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The Solana staking ETF automatically stakes its holdings to capture on-chain rewards estimated around 7% annually, offering investors a regulated and yield-bearing path to participate in Solana’s ecosystem. Bitwise said the ETF is designed to provide efficient, compliant access to staking income as institutional interest in crypto yield strategies accelerates.

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How the Solana Staking ETF Works

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The Bitwise ETF holds 100% spot Solana tokens, which are staked directly within the network through a partnership with Helius, a Solana validator service.
This structure allows investors to benefit from Solana’s proof-of-stake rewards without managing wallets or validator nodes.
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BSOL, now trading on the New York Stock Exchange (NYSE) under the BSOL crypto ticker, carries a 0.20% management fee, waived for the first three months on up to the first $1 billion in assets to encourage early adoption.

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Comparing BSOL With Other Solana-Linked ETFs

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BSOL’s debut arrives alongside a broader wave of ETF Solana launches.
The REX Osprey Solana Staking ETF (SSK) reported about $12 million in inflows during its opening session, while the Grayscale Solana Trust ETF (GSOL) began trading on NYSE Arca the following day.

Analysts note that BSOL’s fully staked structure and lower fees set it apart from competitors, positioning it as a potential benchmark for future staking-enabled ETFs. Industry observers, including the Solana Policy Institute, said the launch underscores Solana’s growing role as critical financial infrastructure within the broader digital-asset economy.

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Market Reaction and Solana Price Movement

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After BSOL’s debut, SOL traded near $195, slightly lower on the day but holding within its short-term range between $194 and $203.
Trading activity across major exchanges remained moderate, reflecting a cautious tone in the broader market even as BSOL crypto attracted institutional attention on day one.
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Market strategists say the ETF’s arrival adds depth to the crypto-ETF landscape, connecting traditional finance investors with one of the most active proof-of-stake blockchains.

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A New Gateway for Institutional Access

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Before BSOL, many institutional investors faced barriers to directly holding or staking Solana due to custody and compliance limitations. The Bitwise ETF now offers a regulated path to access staking rewards and token performance through traditional brokerage accounts, a step forward in merging blockchain yield opportunities with conventional finance.

Bitwise said it expects sustained demand for BSOL crypto as investors seek exposure to Solana’s ecosystem alongside predictable, compliant yield strategies.

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Outlook: Solana’s Expanding Role in ETF Markets

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With nearly $70 million in first-day inflows, BSOL’s debut highlights the growing appetite for staking-linked crypto ETFs among institutional allocators.
The launch strengthens Bitwise’s position as a leading issuer in the U.S. digital-asset space and reinforces Solana’s reputation as one of the top blockchains generating on-chain revenue and developer activity.

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As additional issuers prepare their own Solana staking ETF products, BSOL crypto may serve as the model for how future ETFs integrate staking yield within regulated market structures.
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