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Solana News Update: Solana Staking ETF Connects Wall Street with Crypto, Marks Start of Institutional Adoption

Solana News Update: Solana Staking ETF Connects Wall Street with Crypto, Marks Start of Institutional Adoption

Bitget-RWA2025/10/28 20:14
By:Bitget-RWA

- Bitwise's BSOL ETF, first U.S. product offering direct Solana (SOL) exposure with staking rewards, generated $10M in 30 minutes on NYSE. - Solana's market cap surged from $3B to $111B since 2022, driven by Firedancer upgrades enabling 65,000 TPS and attracting 1,000+ dApps. - BSOL distinguishes itself with 100% direct SOL exposure, 7% annual staking yields, and fee waivers for first $1B assets, contrasting with 2.5% fees from Grayscale's Solana Trust. - Analysts predict $3-6B in inflows for BSOL, mirrori

The Bitwise

Staking ETF (BSOL), the first exchange-traded fund in the U.S. to provide direct access to Solana’s native token and integrated staking rewards, made its debut on the New York Stock Exchange, reaching $10 million in trading volume within its initial half hour, according to . This launch represents a significant step for institutional involvement in Solana, whose market cap has soared from $3 billion at the end of 2022 to $111 billion by late 2025, as stated by . Experts anticipate the ETF could bring in as much as $6 billion in assets in its first year, following the pattern set by and ETFs, according to .

BSOL stands apart from other crypto funds by providing full, direct exposure to SOL and automatically compounding staking rewards, which currently yield about 7% per year, as reported by

. Managed by Bitwise Asset Management, the fund secures tokens in institutional-grade cold storage and will not charge fees on the first $1 billion in assets for the first three months, according to . This is different from existing Solana products like Grayscale’s Solana Trust, which has a 2.50% fee and is traded over-the-counter (as noted by Yahoo Finance).

Solana News Update: Solana Staking ETF Connects Wall Street with Crypto, Marks Start of Institutional Adoption image 0

Solana’s rebound since 2022 has been driven by technical improvements, such as the Firedancer validator client, which has enhanced the network’s scalability and transaction speeds, according to Coinotag. The blockchain can now handle up to 65,000 transactions per second, surpassing Ethereum and attracting more than 1,000 decentralized applications, as highlighted by CryptoNewsLand. Institutional interest has grown rapidly, with nine companies—including VanEck and 21Shares—filing for U.S. Solana ETFs, according to

. However, regulatory holdups due to the government shutdown have delayed approvals, though Bitwise’s ETF met NYSE standards ahead of schedule (as reported by Yahoo Finance).

The ETF’s staking component has led to comparisons with Bitcoin and Ethereum ETFs, which were responsible for 75% of Bitcoin’s rise to $50,000 in early 2024, according to Cointelegraph. Analysts such as Ryan Lee from Bitget believe Solana’s ETF could generate similar momentum, potentially attracting $3–$6 billion in its first year, as per Cointelegraph. Still, technical analysis shows SOL is facing significant resistance between $204 and $208, and a move above $280 could spark a rally toward $400–$500, according to

.

Industry watchers also point to the broader significance of Solana’s integration into regulated financial markets. Thanks to its low transaction costs and high throughput, Solana is emerging as a key asset for institutional crypto portfolios alongside Bitcoin and Ethereum, as noted by CryptoNewsLand. Other ETFs, such as Canary’s upcoming

and funds, are also set to launch, reflecting a maturing market for alternative cryptocurrencies, according to Cointelegraph.

As the digital asset sector continues to develop, BSOL’s success highlights the increasing overlap between traditional finance and blockchain. With attractive staking returns, greater regulatory certainty, and strong institutional support, Solana’s ecosystem is well-positioned to capture a substantial portion of the $1.7 trillion digital asset market, as reported by Coinotag.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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