PiCK

Bitwise Solana ETF to Launch on NYSE Tomorrow

Uk Jin

Summary

Bitwise said it plans to list the Solana (SOL) staking ETF 'BSOL' on the New York Stock Exchange (NYSE) tomorrow.
BSOL is the first ETP directly exposed to 100% spot Solana.
Amid an acceleration in altcoin exchange-traded fund (ETF) launches, Canary Capital and Grayscale are also preparing to launch LTC, HBAR, and SOL ETFs, respectively.

It appears that the launch of altcoin exchange-traded funds (ETFs), including Solana (SOL), is accelerating.

On the 27th (local time), The Block reported that Bitwise said via X (formerly Twitter), "The Bitwise Solana Staking ETF 'BSOL' will list on the NYSE tomorrow," adding, "BSOL is the first ETP directly exposed to 100% spot Solana (SOL)."

This listing is connected to the broader wave of other crypto asset exchange-traded fund (ETF) launches. Canary Capital plans to list a Litecoin (LTC) ETF and a Hedera (HBAR) ETF on Nasdaq on the 28th, and Grayscale plans to launch a Solana Trust ETF on the 29th.

SOL