Solana ETF launch prospects rise as Bitwise gets NYSE OK
Solana ETF preparations are now entering final stages after the NYSE certified Bitwise’s staking product for listing. The formal listing notice signals that all exchange-level requirements are now met, pending a final operational launch.
- NYSE approved Bitwise Solana Staking ETF, clearing a key listing step.
- The fund could launch as soon as October 28 alongside Litecoin and HBAR ETFs.
- The approval marks a milestone for Solana’s institutional adoption in U.S. markets.
According to a notice filed with the U.S. Securities and Exchange Commission on October 27, the NYSE Arca has formally certified its approval to list and register shares of the Bitwise Solana (SOL) Staking ETF.
The procedural green light, issued by the exchange itself, represents the critical infrastructure endorsement needed before the fund can begin trading. Bloomberg analyst Eric Balchunas noted that based on exchange listings, Bitwise’s Solana ETF could launch as soon as Tuesday, October 28, positioning it at the front of a wave that includes anticipated Litecoin and HBAR funds.
The Solana ETF offers regulated path to staking yields
The Bitwise Solana Staking ETF is designed to track both the price of SOL and the staking rewards generated by the network. According to Bitwise, the product is backed entirely by SOL held in institutional-grade cold storage and benchmarked to the Compass Solana Total Return Monthly Index, net of fees and expenses. The structure gives investors a way to participate in blockchain-native yields without managing private keys or interacting directly with staking infrastructure.
To compete aggressively, Bitwise has set its management fee at 0.20%, undercutting the average fees for many spot Bitcoin and Ethereum ETFs, which often range between 0.21% and 0.25%. The firm plans to waive this fee entirely for the first three months and for the first $1 billion in assets under management, a clear bid to attract early capital and establish a dominant market position.
The NYSE approval represents a significant milestone for Solana’s role in regulated markets. The permission to list aligns Solana with Bitcoin and Ethereum as crypto assets cleared for institutional investment products on major U.S.
Notably, the timing of the listing points to a competitive wave forming around the Solana asset class. Balchunas said that exchange notices indicate Bitwise’s product could join Canary’s Litecoin and HBAR funds on Tuesday, with a Grayscale Solana conversion previewed for the day after. Canary filed 8-A forms for its Litecoin and HBAR ETFs earlier Monday, signaling that multiple issuers intend to capitalize on the same launch window.
You May Also Like
Ethereum unveils roadmap focusing on scaling, interoperability, and security at Japan Dev Conference
Zcash krijgt privacylaag op Solana – ZEC koers explodeert met DeFi privacy revolutie
