Overview
- Bitwise’s Solana Staking ETF (BSOL) began trading with roughly $55–56 million in day-one volume and opened with more than $220 million in assets.
- Canary Capital’s new ETFs saw lighter interest, with the Hedera fund logging about $8 million in first-day volume and the Litecoin fund about $1 million.
- Grayscale’s Solana product is converting from a trust to an ETF and is scheduled to list the day after the initial launches.
- BSOL offers 100% spot SOL exposure with in-fund staking targeting network rewards around 7% and carries a 0.20% fee that Bitwise plans to waive for the first three months and the first $1 billion of assets.
- Listings proceeded via Form 8-A registrations and S-1s set to go effective after 20 days under the SEC’s generic listing standards, with many additional single-asset altcoin ETFs still pending.