Bitwise Launches First Solana Staking ETF, Redefining Crypto Investment Access

Bitwise Launches the First Solana Staking ETF in the US

(Source: Solana)

Bitwise, a leading US asset management firm, has once again taken the lead in crypto financial innovation. On October 28, Bitwise officially listed the world’s first exchange-traded fund (ETF) on the New York Stock Exchange (NYSE) that tracks Solana (SOL) and simultaneously stakes all held tokens on-chain—Bitwise Solana Staking ETF (Ticker: BSOL).

BSOL stands apart from traditional crypto ETFs by not only holding SOL assets, but by staking all tokens on-chain. This structure allows investors to benefit from SOL’s price movements and also earn staking rewards indirectly through the ETF.

High-Yield, Low-Fee Strategy

Bitwise reports that BSOL leverages internal staking operations to target an annualized return of around 7%, while maintaining a transparent and secure on-chain yield distribution system. The fund’s management fee is set at 0.20%. For the first three months, Bitwise will waive management fees for up to $100 million in assets to attract early investors.

For investors, this means they don’t need to manage wallets or participate directly in on-chain staking. By purchasing BSOL through a brokerage account, they can easily tap into Solana’s yield cycle.

Strong Market Response

BSOL’s debut quickly generated significant market buzz and attracted substantial capital inflows. According to Bloomberg ETF analyst Eric Balchunas, BSOL surpassed $10 million in trading volume within its first hour, and total first-day volume reached $56 million—making it one of the top-performing ETFs on its 2025 launch day. This strong showing highlights investors’ robust confidence in Solana and reveals a growing market demand for crypto staking ETFs.

Regulatory Shift

BSOL’s launch marks a pivotal shift in how regulators and traditional financial institutions approach crypto assets. In recent years, US regulators have been cautious about approving spot crypto ETFs. However, BSOL’s successful listing signals a new direction: regulators are moving beyond risk aversion and beginning to embrace compliant innovation.

ETFs offer high liquidity, transparency, and standardized operations, enabling institutional investors to safely allocate to alternative digital assets and providing a regulated gateway for capital to enter the crypto market. Analysts widely believe that if BSOL maintains stable trading performance, it could spark a wave of new spot ETF applications beyond Bitcoin, accelerating the diversification of crypto finance.

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Conclusion

With Bitwise Solana Staking ETF (BSOL) now live, the US market welcomes its first crypto spot ETF that delivers on-chain yield. This milestone not only represents a breakthrough in financial product innovation, but also marks a deepening integration between blockchain and traditional finance. From regulatory advances to market enthusiasm, Solana’s staking ETF opens a new chapter for Web3 investors—a hybrid era where decentralized returns and the security of traditional finance converge at an accelerating pace.