Solana News Today: Bitwise's Solana ETF Merges DeFi Staking with Traditional Finance Structure

The Bitwise Solana Staking ETF (BSOL) began trading on October 27, 2025, marking the first U.S. spot exchange-traded product to offer direct exposure to Solana (SOL) while integrating on-chain staking rewards, according to a Coinotag article. The fund targets an average annual yield exceeding 7% by staking all held assets through Bitwise Onchain Solutions, powered by Helius Labs, a leading Solana infrastructure provider, as reported in a CryptoTimes report. This innovation bridges decentralized finance (DeFi) mechanisms with traditional investment vehicles, enabling institutional and retail investors to earn staking rewards in a regulated structure, the Coinotag article added.

BSOL's launch follows regulatory advancements under the SEC's new 75-day crypto ETF review window, which streamlined approvals compared to the prior 240-day process, CryptoTimes reported. The fund temporarily waives its 0.20% management fee for the first $1 billion in assets under management, a strategy aimed at attracting early institutional capital, the Coinotag article noted. Bloomberg ETF analyst Eric Balchunas said BSOL opened with $222.8 million in assets, already surpassing half the size of the existing Solana Spot ETF (SSK) on its first day, according to an EthNews report. That report also described the launch as organic and devoid of coordinated inflows, underscoring strong market demand for yield-generating crypto products.

The ETF's structure delegates SOL tokens to network validators, securing the blockchain while earning rewards typically ranging between 6% and 8% annually, the Coinotag article reported. Bitwise emphasizes that this approach eliminates custody risks for investors, as the firm manages staking operations and reward distribution, Coinotag added. Helius Labs, which oversees over 13 million staked SOL, was selected for its expertise in optimizing Solana's staking efficiency, according to a Morningstar release.

Globally, Hong Kong outpaced the U.S. in Solana ETF innovation, launching its first spot SOL fund on October 27 under the ticker 3460 (HKD), managed by China Asset Management (Hong Kong), as covered in a Blockchain Magazine report. The city's Securities and Futures Commission (SFC) approved the product amid a government shutdown delaying U.S. regulatory processes, the Blockchain Magazine report noted. Hong Kong's ETF, available in HKD, RMB, and USD with a minimum investment of $100, positions the region as a crypto-friendly hub for institutional and retail investors, the article added.

Analysts anticipate significant inflows into Solana ETFs, with JPMorgan projecting $3–$6 billion in the first year, according to a TradingView analysis. The asset's price, currently trading at $202, has surged 3.62% over seven days amid ETF-related optimism, the Cryptopolitan report noted. Technical indicators, including a bull flag pattern, suggest SOL could reach $412 if it breaks above $205 resistance, the TradingView piece suggested.

Bitwise's BSOL joins a growing wave of Solana-focused ETFs, including VanEck's pending product and Grayscale's conversion of its Solana Trust (GSOL) to a spot ETF, as reported by Bitget. ProShares also filed for a diversified crypto ETF tracking the CoinDesk 20 Index, which includes Solana, the CoinCentral report noted. These developments signal a broader trend of integrating blockchain features into traditional finance, with Solana's high-performance network and robust DeFi ecosystem attracting institutional interest, according to a Morningstar release.