The long-awaited Bitwise Solana Staking ETF has cleared a major milestone toward launch, with the New York Stock Exchange (NYSE) Arca officially certifying the fund for listing a move that positions Solana alongside Bitcoin and Ethereum in the U.S. institutional ETF landscape.
According to a filing with the U.S. Securities and Exchange Commission (SEC) on October 27, the exchange has completed its procedural approval for listing and registering shares of the Bitwise Solana Staking ETF. This certification marks the final exchange-level requirement before trading can begin.
Final Step Before Launch
The NYSE’s approval signals that Bitwise’s Solana ETF is now operationally ready to go live pending only the final launch coordination.
Bloomberg ETF analyst Eric Balchunas noted that based on the exchange’s listings, the fund could begin trading as early as Tuesday, October 28, potentially alongside new Litecoin (LTC) and Hedera (HBAR) ETFs.
“Confirmed. The Exchange has just posted listing notices for Bitwise Solana, Canary Litecoin, and Canary HBAR to launch TOMORROW, and Grayscale Solana to convert the day after,” Balchunas wrote on X (formerly Twitter). “Assuming there’s no last-minute SEC intervention, looks like this is happening.”
If confirmed, it would mark a historic moment for Solana, solidifying its position as a leading blockchain within regulated U.S. investment markets.
A Regulated Gateway to Staking Yields
The Bitwise Solana Staking ETF will not only track the price of SOL but also the staking rewards generated by the Solana network effectively giving investors exposure to blockchain-native yields without the complexities of managing private keys or operating validator nodes.
All SOL tokens held by the fund will be stored in institutional-grade cold wallets, and performance will be benchmarked against the Compass Solana Total Return Monthly Index, net of fees and expenses.
To attract early institutional inflows, Bitwise has set an aggressive management fee of just 0.20%, lower than most Bitcoin or Ethereum spot ETFs, which typically range from 0.21% to 0.25%. Even more competitively, the company plans to waive fees entirely for the first three months and for the first $1 billion in assets under management (AUM).
This cost advantage could help Bitwise gain significant traction among ETF investors seeking diversified crypto exposure with yield benefits.
Milestone for Solana’s Institutional Adoption
The NYSE listing approval marks a major step in Solana’s evolution from a fast-growing DeFi chain to a fully recognized institutional asset class. By securing approval for a regulated ETF product, Solana now joins Bitcoin and Ethereum as one of the few blockchains with investment-grade exposure pathways on U.S. exchanges.
Market analysts see the move as a turning point for Solana, whose strong performance in staking, transaction speed, and ecosystem growth has made it an increasingly attractive asset for professional investors.
The timing also suggests a competitive wave of crypto ETF launches, with Bitwise’s Solana ETF likely debuting alongside Canary’s Litecoin and HBAR funds, followed by a Grayscale Solana ETF conversion later in the week.
“Multiple issuers are clearly racing to capture institutional demand for next-generation crypto ETFs,” Balchunas added. “Solana’s inclusion here is a big statement about where investor interest is heading.”
Bottom Line
The NYSE’s approval of the Bitwise Solana Staking ETF signals that Solana is on the verge of joining the ranks of Bitcoin and Ethereum in the regulated U.S. ETF market.
By combining staking yield exposure, low fees, and institutional-grade custody, Bitwise is setting the stage for one of the most anticipated crypto ETF launches of 2025.
If all goes as planned, trading could begin October 28, ushering in a new era of institutional access to Solana — and cementing its place among the most trusted digital assets in global finance.
