Preparations for the first-ever Solana (SOL) ETF are entering their final stages, after the New York Stock Exchange (NYSE) Arca formally certified Bitwise’s Solana Staking ETF for listing — clearing the final exchange-level hurdle before trading can begin.
✅ NYSE Certification Marks Final Step Before Trading
According to a notice filed with the U.S. Securities and Exchange Commission (SEC) on October 27, NYSE Arca confirmed that all requirements have been met to list and register shares of the Bitwise Solana Staking ETF.
This procedural approval effectively signals that the exchange infrastructure and compliance checks are complete, pending only the ETF’s operational launch.
Bloomberg ETF analyst Eric Balchunas reported that, based on listing schedules, Bitwise’s Solana fund could go live as soon as Tuesday, October 28, potentially debuting 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. “Assuming there’s no last-minute SEC intervention, looks like this is happening.”
💰 Solana ETF Brings Regulated Access to Staking Yields
Bitwise’s Solana Staking ETF will track both SOL’s market price and its staking rewards, allowing investors to gain exposure to Solana’s yield-generating ecosystem through a fully regulated investment vehicle.
Each share will be backed 1:1 by SOL tokens held in institutional-grade cold storage, benchmarked to the Compass Solana Total Return Monthly Index (net of fees).
This model gives investors the benefits of staking rewards — without the need to manage private keys or operate staking infrastructure themselves.
⚖️ Competitive Fees and Institutional Targeting
In an effort to capture early market share, Bitwise has set its management fee at just 0.20%, slightly below the average cost of Bitcoin and Ethereum ETFs, which typically range from 0.21% to 0.25%.
Even more aggressively, Bitwise will waive all management fees for the first three months and for the first $1 billion in assets under management, a clear move to attract institutional inflows and early retail participation.
This launch could establish Bitwise as the dominant provider in Solana-based exchange-traded products, positioning it ahead of rivals like Grayscale and Canary.
🌐 Institutional Breakthrough for Solana
The NYSE’s certification marks a major milestone for Solana’s adoption in U.S. regulated markets, effectively putting the network alongside Bitcoin and Ethereum as one of the few crypto assets approved for institutional-grade ETFs.
This development follows a surge in institutional demand for staking-based investment vehicles, as investors look for yield exposure within a compliant, transparent framework.
Market analysts see the Solana ETF’s arrival as part of a broader shift — moving beyond passive spot exposure toward income-generating digital assets.
🏁 A Competitive Launch Window
According to filings and exchange notices, multiple issuers are racing to debut similar crypto ETFs within the same week:
- Bitwise Solana Staking ETF — Expected launch: October 28
- Canary Litecoin & HBAR ETFs — Also launching October 28
- Grayscale Solana Conversion ETF — Expected October 29
Canary’s filings earlier Monday included 8-A registration forms for both the Litecoin and HBAR ETFs, confirming the tight cluster of product rollouts scheduled for the final week of October.
📊 Why This Matters
The Bitwise Solana Staking ETF represents the first institutional pathway for exposure to Solana’s staking economy under U.S. regulation — a milestone that analysts say could reshape investor access to proof-of-stake assets.
If the launch proceeds as expected, Solana will become only the third major crypto — after Bitcoin and Ethereum — to achieve ETF-level recognition on a U.S. exchange.
This could open the door to billions in new capital inflows and further legitimize Solana’s role in the institutional crypto landscape.
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