Bitwise Asset Management, a global crypto asset manager, has launched the Bitwise Solana Staking ETF (NYSE: BSOL), which is designed to be the first exchange-traded product (ETP) in the U.
S. offering 100% direct exposure to SOL, the native cryptocurrency of the Solana blockchain, coupled with built-in staking capabilities. The fund is slated to commence trading on the NYSE on October 28, 2025.
BSOL intends to stake 100% of its SOL holdings through Bitwise Onchain Solutions, a proprietary service powered by Helius, a prominent Solana staking technology provider. This strategy aims to allow investors to participate in Solana’s average staking rewards, which have historically been over 7%. The Bitwise Solana Staking ETF will feature a management fee of 0.20%, with a waiver set at 0% for the initial three months on the first $1 billion in assets.
Matt Hougan, Chief Investment Officer of Bitwise, stated, “We believe Solana is one of the most exciting crypto investment opportunities that exists today. Its ability to transact huge volumes with high efficiency and low cost makes it a serious competitor for the stablecoin and tokenization markets.” He added that Solana generates more revenue than any other blockchain, presenting a compelling project for investors focused on onchain fundamentals. According to Hougan, BSOL is engineered to provide investors with best-in-class exposure to Solana’s potential in a convenient and low-cost ETP structure.
Solana is characterized by its high speed, capable of confirming transactions in approximately 400 milliseconds, significantly faster than Ethereum’s roughly 12 seconds and Bitcoin’s 10 minutes. The network’s scalability allows it to process up to 100,000 financial transactions per second, exceeding the current volume of all global equity exchanges combined. With a median transaction fee of $0.001, Solana positions itself to facilitate the integration of global financial markets onto its blockchain. Additionally, Solana generated over $2 billion in network revenue in the past year, surpassing other chains.
Staking on the Solana network, a proof-of-stake mechanism, provides an opportunity for investors to earn an average 7% staking reward on their assets. This process involves participants helping to secure the network and validate transactions in exchange for rewards, similar to earning interest. The Solana ecosystem currently includes over 2,000 developers and millions of monthly active users.
The fund’s in-kind creation and redemption mechanism is designed to offer investors exposure to both SOL’s potential price appreciation and staking rewards. Bitwise selected Helius for its staking expertise due to the latter’s deep understanding of the Solana ecosystem and track record of high performance. Helius currently manages more than 13 million staked SOL.
Mert Mumtaz, CEO and Co-founder of Helius, commented,
