Solana News Today: Bitwise ETF Rises on NYSE Arca With $1.25 Billion AUM

Bitwise Asset Management Launches New Multi-Crypto ETF

Bitwise Asset Management has launched a new multi-crypto ETF, BITW, on NYSE Arca, offering investors exposure to major digital assets like Bitcoin, Ethereum, Solana, and Cardano. The fund starts with $1.25 billion in assets under management, making it one of the largest crypto index offerings available today. This move reflects growing demand for regulated, diversified crypto exposure in a rapidly evolving market.

The BITW ETF provides a structured, rules-based approach to crypto investing. It ranks assets by market value and adjusts monthly to align with changing market conditions. Bitcoin currently makes up over 74% of the fund, with Ethereum at roughly 15% and other assets like Solana and XRP receiving smaller allocations.

Investors are increasingly seeking regulated vehicles to simplify their access to the crypto market. Bitwise CIO Matt Hougan noted that institutional involvement is rising and that structured exposure helps during market volatility. The firm also emphasizes transparency through public monthly index updates according to company reports.

Why the BITW ETF Is Significant for Crypto Investors

The BITW ETF offers a unique opportunity for investors who want to avoid the complexities of selecting individual tokens. By combining exposure to major cryptocurrencies, it reduces the burden of tracking multiple markets. This approach is particularly appealing as the crypto sector continues to mature and attract institutional capital.

Bitwise previously excluded speculative tokens like LUNA from its index due to concerns about sustainability. The firm continues to apply similar criteria as it expands its product portfolio. Recent additions include an Avalanche ETF and a Dogecoin-focused vehicle, catering to niche market segments.

The BITW ETF's uplisting to NYSE Arca further strengthens its appeal. This shift from over-the-counter trading to a regulated exchange makes it more accessible to a broader range of investors. The move aligns with broader efforts to bring crypto exposure into mainstream financial infrastructure.

Solana's Role in the BITW ETF and Broader Market

Solana holds 3.07% of the BITW ETF's allocation, reflecting its growing prominence in the crypto ecosystem. The platform's fast and low-cost transactions are driving growth, especially in the DeFi sector. With seven Solana spot ETFs trading and total assets near $900 million, the market is showing strong confidence in the asset.

Solana's price has remained within a consolidation range of $121–$145. Recent inflows into Solana ETFs suggest continued institutional confidence. On the derivatives side, open interest and funding rates indicate a risk-on sentiment, with long positions dominating the market.

Technical indicators also show bullish momentum for Solana. A double-bottom pattern on the daily chart suggests potential for a 16% rise if the price closes above $145. Analysts are closely monitoring whether the $124 support level holds, as a break below that could trigger a drop toward $115 or $106.

What This Means for Investors in 2026

The BITW ETF and Solana's recent performance highlight a shift in how investors approach digital assets. With more than $15 billion in client assets, Bitwise is positioning itself as a leader in crypto index investing. The firm's eight-year track record and deep experience in the space provide additional credibility to the BITW offering.

Franklin Templeton's recent entry into the Solana ETF market with its SOEZ ticker also signals growing institutional interest. The firm's ETF, which includes staking capabilities, offers investors a way to capture both price movement and yield from the Solana network according to market analysis.

Investors should also watch for regulatory developments, as they can significantly impact market dynamics. The recent approval of the BITW ETF on a major exchange marks a milestone in the acceptance of crypto as a mainstream asset class. However, volatility remains a key challenge, as seen in the recent $19 billion liquidation event on October 10.

As the crypto market continues to evolve, the BITW ETF and Solana's performance will likely play a central role in shaping investor sentiment and capital flows in the coming months.