Key Highlights
- Bitwise announced that its Bitwise Solana Staking ETF is going to start trading under the BSOL ticker tomorrow
- This ETF is the first U.S. exchange-traded product to offer 100% direct exposure to spot Solana
- The ETF is designed to maximize returns by targeting the staking of 100% of its assets, which aims to capture Solana’s approximate 7% average staking yield
On October 27, Bitwise Asset Management officially announced the launch of the Bitwise Solana Staking exchange-traded funds (ETFs) under the ticker ‘BSOL’, which is going to start trading tomorrow.
Bitwise Rolls Out Solana Staking ETF ‘BSOL’
This new fund is a significant milestone as the first U.S. exchange-traded product (ETP) to offer investors 100% direct exposure to spot Solana (SOL). The launch of BSOL provides a regulated and accessible pathway for traditional investors to gain a stake in the Solana ecosystem.
The core strategy of the BSOL ETF is designed to maximize investor returns through the unique mechanics of the Solana network. The fund targets staking 100% of its assets, which aims to provide Solana’s approximate 7% average staking reward rate.
According to the official website, this staking process will be securely managed by Bitwise Onchain Solutions by leveraging the advanced infrastructure of Helius Labs.
To attract new investors and increase its adoption, Bitwise will implement a 0% fee policy, which will be supported by a waiver for a limited initial period.
Bitwise stated in an official post on X, writing that “We believe Solana is a key platform for enabling capital markets to come on-chain and is perfectly positioned for this moment. Now, investors can get exposure to its growth potential and 7% average staking rewards with BS’OL. Solana is headed into the mainstream—and we think it’s just getting started.”
This announcement comes after Bitwise CEO Hunter Horsley gave a hint earlier about major developments with a preview of a “Big week.”
A New Wave of Staking ETFs
In May 2025, the U.S. Securities and Exchange Commission (SEC) issued crucial guidance that has fundamentally reshaped the legal landscape for proof-of-stake cryptocurrencies like Solana (SOL).
This much-needed clarity confirmed that certain staking activities do not constitute securities offerings under federal law. This decision has effectively unlocked the path for the first wave of staking token-based Exchange Traded Funds (ETFs) in the United States. This has resolved a major uncertainty that had previously hindered their approval and shows a new era of institutional acceptance for blockchain technology.
The SEC’s new position was explained through two critical staff statements. The first, released on May 29, established that “protocol staking” on networks like Solana is not an investment contract. The reasoning is that the rewards are generated by the network’s predefined protocol rules, not from the managerial efforts of a third party. This is why it distinguishes itself from traditional security.
This exemption covers self-staking, non-custodial delegation to validators, and basic custodial staking services. A subsequent statement in August 2025 extended this clarity to “liquid staking,” where users receive a tradable receipt token representing their staked assets.
“It is the Division’s view that “Liquid Staking Activities” (as defined below) in connection with Protocol Staking do not involve the offer and sale of securities within the meaning of Section 2(a)(1) of the Securities Act of 1933 (the “Securities Act”) or Section 3(a)(10) of the Securities Exchange Act of 1934 (the “Exchange Act”),” stated in a press release
“Accordingly, it is the Division’s view that participants in Liquid Staking Activities do not need to register with the Commission transactions under the Securities Act, or fall within one of the Securities Act’s exemptions from registration in connection with these Liquid Staking Activities.”
After this announcement, the REX-Osprey SOL + Staking ETF debuted on July 2 on Cboe BZX. It stakes nearly 50% of holdings via custodians, earning transaction fee rewards. After the new SEC guidance, issuers amended filings for Ethereum staking ETFs like Grayscale and BlackRock.
Source: https://www.cryptonewsz.com/bitwise-first-us-solana-spot-etf-tomorrow/
