Bitwise’s Solana Staking ETF officially began trading on the NYSE on October 28, 2025. Trading under the ticker BSOL, the fund saw around $10 million in trading volume within the first 30 minutes. By the end of the trading day, the fund accumulated $56 million in inflows, setting a record for newly listed crypto-ETFs this year.
BSOL distinguishes itself by holding 100% spot SOL tokens and staking them via Bitwise Onchain Solutions. This is being done in partnership with Helius Labs, where the fund wants to capture Solana’s ~7% average staking rewards. The management fee will be at 0.20%, with the fee set at 0% for the first three months on the first $1 billion in assets.
Solana ETFs to go the Bitcoin way
Commenting on the launch Matt Hougan, Chief Investment Officer of Bitwise, said, “Solana generates more revenue than any other blockchain, making it a compelling project for investors who prioritize onchain fundamentals. BSOL is designed to give investors best-in-class exposure to Solana’s potential in a convenient, low-cost ETP wrapper.”
Bloomberg analyst Eric Balchunas added that if flows match the launch trajectory of bitcoin and ether ETFs, BSOL could see over $3 billion in inflows in its first 12-18 months.
Altcoin ETFs go mainstream
Following the BSOL launch, SOL’s price moved above the $200 mark, amid technical setups forecasting potential rises toward $400. The launch also marks a milestone as altcoin staking ETFs are now gaining regulated access in the U.S., broadening institutional routes beyond bitcoin and ether. BSOL closed its first trading day at $25.55 and is off to a positive start in pre-market trade on Wednesday.
Source: Yahoo Finance
And Bitwise won’t be the only Solana ETF, as Greyscale Solana Trust ETF has also got the green light from NYSE Acra and is likely to list on October 29, 2025