The long-awaited Solana ETF may soon debut on U.S. markets after the New York Stock Exchange (NYSE) Arca granted final approval to list the Bitwise Solana Staking ETF, marking a key milestone for Solana’s entry into regulated investment products.
NYSE approval signals launch readiness
According to a notice filed with the U.S. Securities and Exchange Commission (SEC) on October 27, NYSE Arca formally certified its readiness to list and register shares of the Bitwise Solana Staking ETF. The exchange-level approval clears the last major hurdle before the product can begin trading, with analysts predicting a potential launch as early as Tuesday, October 28.
Bloomberg’s Eric Balchunas noted that the exchange certification signals that Bitwise has satisfied all procedural requirements, positioning its Solana ETF to lead an upcoming wave of crypto-based exchange-traded funds, including Litecoin and HBAR offerings expected soon after.
A regulated gateway to Solana staking
The Bitwise Solana Staking ETF is designed to track both SOL’s market price and staking yield, giving traditional investors a compliant path to access Solana’s on-chain returns without directly engaging with staking mechanics.
The ETF’s underlying assets will be held in institutional-grade cold storage, and performance will be benchmarked against the Compass Solana Total Return Monthly Index, net of fees. This dual structure provides exposure to both Solana’s growth and its staking rewards, a feature rarely seen in previous crypto ETFs.
In a bid to attract early investors, Bitwise has announced a highly competitive 0.20% management fee, temporarily waiving it for the first three months and the first $1 billion in assets under management. This aggressive pricing undercuts most spot Bitcoin and Ethereum ETFs, which typically charge between 0.21% and 0.25%.
Solana joins the ETF big leagues
The NYSE approval marks a major regulatory milestone, effectively placing Solana (SOL) alongside Bitcoin and Ethereum as eligible assets for institutional-grade investment vehicles in the U.S.
Industry watchers believe this move could accelerate institutional inflows into Solana’s ecosystem, particularly as the network continues to gain traction for its high-speed transactions, low fees, and growing DeFi ecosystem.
Meanwhile, Bitwise’s timing aligns with a surge of ETF activity. According to Balchunas, Canary’s Litecoin and HBAR ETFs may launch the same day, followed by a potential Grayscale Solana Trust conversion later in the week.
Market outlook
If the Bitwise Solana Staking ETF launches successfully, it could become a defining moment for Solana’s mainstream adoption, providing a regulated pathway for both retail and institutional investors to participate in the network’s growth. Analysts expect the ETF’s introduction to improve liquidity, boost Solana’s credibility in traditional finance, and potentially drive renewed momentum for the SOL token.
