Overview
- Bitwise’s Solana Staking ETF (BSOL) began trading on the NYSE, joining Canary Capital’s spot Litecoin and Hedera ETFs, which listed on Nasdaq.
- BSOL holds SOL in institutional cold storage, stakes the fund’s assets to capture network rewards, and tracks a Solana total‑return index.
- Bitwise set a 0.20% management fee for BSOL and is waiving it for the first three months and on the first $1 billion in assets to attract early inflows.
- Grayscale’s Solana trust is slated to convert into an ETF on Wednesday, pending final effectiveness, following the initial listings.
- Issuers used amended S‑1 language for automatic 20‑day effectiveness and filed Form 8‑A registrations, allowing NYSE and Nasdaq to post listing notices without manual SEC review; early trading activity was reported in the first hour.