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Bitwise’s Solana Staking ETF begins trading today, marking the first US spot Solana fund with an in-fund staking feature. Bitwise said it plans to stake its portfolio assets, citing historical network rewards of nearly 7%. Meanwhile, exchanges have posted listing notices ahead of the launch.
Bitwise’s Solana staking ETF (BSOL) opened to strong demand on Tuesday, posting $10 million in trading volume within its first 30 minutes, according to Bloomberg ETF analyst Eric Balchunas. By comparison, Canary’s HBAR ETF (HBR) reached $4 million and its Litecoin ETF (LTCC) recorded $400,000 over the same window, highlighting comparatively stronger early interest in BSOL.
The rollout follows the SEC's approval in September of generic listing standards that streamline the process for crypto commodity ETPs to list on major exchanges. That change enabled exchanges to green-light products faster than under the prior, individualized review process.
JPMorgan projects that Solana exchange-traded products could gather $3-$6 billion in net new assets within six months to a year if early trading proves orderly. Bitget’s chief analyst Ryan Lee echoed a similar $3 billion - $6 billion range tied to the staking feature’s yield component.
Alongside Solana, Canary Capital lists spot ETFs tracking Litecoin and Hedera this week, widening US market access to proof-of-stake and legacy altcoins beyond Bitcoin and Ether. The issuer confirmed plans despite a government shutdown that has slowed some SEC operations.
Grayscale’s Solana trust conversion to a spot ETF is also scheduled, adding another vehicle for institutions that prefer exchange-traded exposure over direct token custody. The clustered listings focus attention on whether liquidity and spreads remain tight as new funds are seeded and begin to create and redeem.
Staking within the fund provides a yield stream that can offset fees and increase total returns compared to non-staking options. Analysts suggest this feature might attract yield-focused allocators who prefer regulated wrappers over on-chain methods. The range of outcomes will depend on validator performance, fee policies, and operational uptime.
Context from prior launches shapes expectations. In their first year, US spot Bitcoin ETFs drew about $36.2 billion in net inflows, setting a high bar for new crypto funds. Ethereum spot ETFs accumulated significant, though smaller, totals after their launch in 2025. These trends influence current Solana targets but do not guarantee replication.
If the demand for the new Solana, Litecoin, and Hedera ETFs continues, issuers might consider expanding into more multi-asset or sector funds. The regulatory process now allows for quicker listings, but the amount of capital moving between direct token holdings and ETFs depends on market depth, creation capacity, and issuer fee competition.
Also Read: XRP and Solana Surge 5% — Traders Predict ETF Approval Could Spark a 2025 Bull Market
