Bitwise Files for Solana ETF as Regulatory Landscape Shifts

The filing positions Bitwise as the fourth firm pursuing a spot Solana ETF, with optimism fueled by Solana's price surge and anticipated SEC leadership changes.

• Bitwise has filed initial paperwork for a spot Solana ETF, joining VanEck, 21Shares, and Canary Capital in seeking SEC approval.
• The filing coincides with Solana's price nearing its all-time high of $259, driven by growing investor interest and market momentum.
• The expected resignation of SEC Chair Gary Gensler and the incoming Trump administration's pro-crypto stance have raised hopes for regulatory approval of Solana ETFs.
• Bitwise CEO Hunter Horsley described Solana as a breakout success this market cycle, appealing to investors searching for the next major crypto asset.
• If approved, a Solana ETF would be the third crypto ETF in the U.S., following Bitcoin and Ethereum, offering regulated exposure to Solana's price movements.

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