NYSE launches first SEC-approved ETF on Solana from Bitwise

Today, the New York Stock Exchange began trading the first US ETF on Solana from Bitwise, which became part of a large-scale listing of crypto funds amid the government shutdown

First SEC-approved ETF on Solana launched: BSOL from Bitwise began trading on the NYSE

28.10.2025 - 09:40

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3 min

Key points:

The first Solana ETF in the US, Bitwise BSOL, began trading on the NYSE, providing investors with 100% direct access to spot SOL
At the same time, Canary Capital’s Litecoin and HBAR ETFs, as well as Grayscale Solana Trust, were also listed
The launch took place despite the SEC shutdown

Today, the New York Stock Exchange (NYSE) launched the first-ever Solana exchange-traded fund in the US — the Bitwise Solana Staking ETF (ticker BSOL). The product was developed by Bitwise Asset Management. It provides investors with full access to spot SOL tokens and includes staking.

Source: x.com

Solana Policy Institute President Kristin Smith noted that the launch of BSOL confirms Solana’s key role in the digital economy:

“The rails of global finance are being rebuilt with Solana at the center and investors will now have access to it.”

Mass launch of ETFs amid government shutdown

The launch of new funds came as a surprise to the market: amid the US government shutdown, SEC staff continued to review applications in a limited capacity. BSOL is the first spot fund on Solana,launched after the approval of bitcoin and ether ETFs in 2024. Now investors can earn income from staking without directly owning the asset.

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At the same time, Canary Capital confirmed the launch of Litecoin and HBAR ETFs on Nasdaq, and Grayscale Solana Trust plans to start trading tomorrow. Solana has thus officially joined the ranks of assets available through regulated funds on major US exchanges.

Experts note that the launch of several cryptocurrency ETFs at once during the SEC’s partial shutdown was made possible by updated listing rules that allow issuers to launch products without separate approval from the agency.

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