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First US spot Solana ETFs begin trading
The Bitwise Solana Staking ETF (BSOL) began trading on the NYSE on October 28, 2025, offering the first US exchange-traded product with 100% direct SOL exposure and integrated staking. The fund charges 0.20% annually (waived on the first $1 billion in assets for three months) and partners with Helius to capture ~7% average staking rewards.
- BSOL is the first US ETP combining direct Solana token exposure with automated staking reward capture.
- 0.20% fee is competitive; initial $1B in assets gets a three-month fee waiver.
- Partnership with Helius (managing 13M staked SOL) optimizes rewards through in-kind creation and redemption mechanics.