{"id":90390,"date":"2025-10-28T19:51:13","date_gmt":"2025-10-28T17:51:13","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90390"},"modified":"2025-10-28T18:55:40","modified_gmt":"2025-10-28T16:55:40","slug":"bitwise-launches-sol-etf-on-nyse","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitwise-launches-sol-etf-on-nyse\/","title":{"rendered":"Bitwise Launches SOL-ETF on NYSE"},"content":{"rendered":"<p>On October 28, trading commenced on the <span data-descr=\"New York Stock Exchange\" class=\"old_tooltip\">NYSE<\/span> for Bitwise&#8217;s spot exchange-traded fund based on Solana, under the ticker BSOL. <a href=\"https:\/\/www.businesswire.com\/news\/home\/20251027087034\/en\/Bitwise-Launches-BSOL-First-Spot-Solana-ETP-in-U.S.-Aims-To-Stake-100-of-Assets-In-House-Powered-by-Helius-To-Maximize-Solanas-7-Average-Staking-Rewards\">Read more<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BSOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BSOL<\/a> is beginning life with $220m in assets. Impressive, already half the size of <a href=\"https:\/\/twitter.com\/search?q=%24SSK&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SSK<\/a>. Surprised they didn&#8217;t hold off tho and have it come in on Day One to get volume and flows higher. Good news is now we&#8217;ll have only organic, easier to measure true demand <a href=\"https:\/\/t.co\/bHXQuCRw1Z\">pic.twitter.com\/bHXQuCRw1Z<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1983157031298375974?ref_src=twsrc%5Etfw\">October 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The assets under management for the new <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> have already exceeded $220 million.<\/p>\n<p>According to a press release, Bitwise plans to allocate 100% of the fund&#8217;s resources to <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a> via the Helios protocol, with an average annual yield of 7%.<\/p>\n<p>The company has set a zero fee for BSOL for the first three months of trading, after which the rate will increase to 0.2%.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cSolana is one of the most exciting investment opportunities in cryptocurrency today. Its ability to handle large transaction volumes with high efficiency and low costs makes the blockchain a serious contender in the stablecoin and tokenization markets,\u201d said Bitwise&#8217;s Chief Investment Officer Matt Hougan.<\/p>\n<\/blockquote>\n<p>The SOL price showed little reaction to the news. At the time of writing, the coin is trading just below $200, having lost 1.2% over the day.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"488\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-d74ef308ff7f390a-8062653339368645-1024x488.png\" alt=\"image\" class=\"wp-image-268417\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-d74ef308ff7f390a-8062653339368645-1024x488.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-d74ef308ff7f390a-8062653339368645-300x143.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-d74ef308ff7f390a-8062653339368645-768x366.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-d74ef308ff7f390a-8062653339368645-1536x732.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/img-d74ef308ff7f390a-8062653339368645.png 1835w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of SOL\/USDT on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/XQSQJA42\/?symbol=BINANCE%3ASOLUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><strong>Other New Launches<\/strong><\/h2>\n<p>Alongside the Solana product, Canary Capital has launched an ETF based on <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-litecoin-ltc\">Litecoin<\/a> (LTC) under the ticker LTCC. The instrument is available on brokerage accounts.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24LTCC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$LTCC<\/a> ETF offers exposure to Litecoin, bringing one of crypto\u2019s oldest networks to tradfi markets.<\/p>\n<p>Launched as a BTC fork, LTC improved on Bitcoin\u2019s design with faster settlements, lower fees &#038; broader supply\u2014often called \u201csilver to Bitcoin\u2019s gold\u201d<\/p>\n<p>More: <a href=\"https:\/\/t.co\/hYNto3cWZw\">https:\/\/t.co\/hYNto3cWZw<\/a> <a href=\"https:\/\/t.co\/cHFCjYDhsR\">pic.twitter.com\/cHFCjYDhsR<\/a><\/p>\n<p>\u2014 Canary Capital (@CanaryFunds) <a href=\"https:\/\/twitter.com\/CanaryFunds\/status\/1983194749071729140?ref_src=twsrc%5Etfw\">October 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company also launched a fund based on Hedera (HBAR) \u2014 HBR.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The <a href=\"https:\/\/twitter.com\/search?q=%24HBR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$HBR<\/a> ETF offers exposure to HBAR, the native token of Hedera Hashgraph\u2014used for network services, fees, security, &#038; powering apps. Hedera stands out for its high throughput, low fees, enterprise governance, real-world usage, and energy efficiency<br \/>More: <a href=\"https:\/\/t.co\/7wf857Bv0S\">https:\/\/t.co\/7wf857Bv0S<\/a> <a href=\"https:\/\/t.co\/J7QRDA3GYj\">pic.twitter.com\/J7QRDA3GYj<\/a><\/p>\n<p>\u2014 Canary Capital (@CanaryFunds) <a href=\"https:\/\/twitter.com\/CanaryFunds\/status\/1983209957722832923?ref_src=twsrc%5Etfw\">October 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cHedera stands out for its high throughput, low fees, enterprise governance, real-world usage, and energy efficiency,\u201d noted Canary.<\/p>\n<\/blockquote>\n<p>LTC prices showed little reaction to the news, but HBAR&#8217;s rate increased by 11% over the day.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"488\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-61bb759cf8059877-8062654405595618-1024x488.png\" alt=\"image\" class=\"wp-image-268418\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/img-61bb759cf8059877-8062654405595618-1024x488.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/img-61bb759cf8059877-8062654405595618-300x143.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/img-61bb759cf8059877-8062654405595618-768x366.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/img-61bb759cf8059877-8062654405595618-1536x732.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/img-61bb759cf8059877-8062654405595618.png 1835w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of HBAR\/USDT on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/XQSQJA42\/?symbol=BINANCE%3AHBARUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Additionally, on October 29, Grayscale plans to convert its Solana trust into the GSOL exchange-traded fund.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">No need for an introduction, Grayscale Solana Trust (Ticker: <a href=\"https:\/\/twitter.com\/search?q=%24GSOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GSOL<\/a>), the largest publicly traded spot Solana fund in the U.S.*, is already offering exposure to <a href=\"https:\/\/twitter.com\/search?q=%24SOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$SOL<\/a> in certain U.S. brokerage accounts with staking activated.<\/p>\n<p>Learn more about <a href=\"https:\/\/twitter.com\/search?q=%24GSOL&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GSOL<\/a> and see important disclosures:\u2026 <a href=\"https:\/\/t.co\/7W6kzb8j1N\">pic.twitter.com\/7W6kzb8j1N<\/a><\/p>\n<p>\u2014 Grayscale (@Grayscale) <a href=\"https:\/\/twitter.com\/Grayscale\/status\/1982950683243610425?ref_src=twsrc%5Etfw\">October 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier in October, media reported that the Hong Kong Securities and Futures Commission <a href=\"https:\/\/u1f987.com\/en\/news\/asia-approves-first-spot-etf-for-solana\">approved<\/a> the region&#8217;s first spot ETF based on Solana.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 28, trading commenced on the NYSE for Bitwise&#8217;s spot exchange-traded fund based on Solana, under the ticker BSOL.<\/p>\n","protected":false},"author":1,"featured_media":90391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Simultaneously launched funds based on HBAR and LTC","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[569,1159],"class_list":["post-90390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-etf","tag-solana-sol"],"aioseo_notices":[],"amp_enabled":true,"views":"185","promo_type":"1","layout_type":"1","short_excerpt":"Simultaneously launched funds based on HBAR and LTC","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/90390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=90390"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/90390\/revisions"}],"predecessor-version":[{"id":90392,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/90390\/revisions\/90392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/90391"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=90390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=90390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=90390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}