On October 28, trading commenced on the NYSE for Bitwise’s spot exchange-traded fund based on Solana, under the ticker BSOL. Read more.
$BSOL is beginning life with $220m in assets. Impressive, already half the size of $SSK. Surprised they didn’t hold off tho and have it come in on Day One to get volume and flows higher. Good news is now we’ll have only organic, easier to measure true demand pic.twitter.com/bHXQuCRw1Z
— Eric Balchunas (@EricBalchunas) October 28, 2025
The assets under management for the new ETF have already exceeded $220 million.
According to a press release, Bitwise plans to allocate 100% of the fund’s resources to staking via the Helios protocol, with an average annual yield of 7%.
The company has set a zero fee for BSOL for the first three months of trading, after which the rate will increase to 0.2%.
“Solana is one of the most exciting investment opportunities in cryptocurrency today. Its ability to handle large transaction volumes with high efficiency and low costs makes the blockchain a serious contender in the stablecoin and tokenization markets,” said Bitwise’s Chief Investment Officer Matt Hougan.
The SOL price showed little reaction to the news. At the time of writing, the coin is trading just below $200, having lost 1.2% over the day.
Other New Launches
Alongside the Solana product, Canary Capital has launched an ETF based on Litecoin (LTC) under the ticker LTCC. The instrument is available on brokerage accounts.
$LTCC ETF offers exposure to Litecoin, bringing one of crypto’s oldest networks to tradfi markets.
Launched as a BTC fork, LTC improved on Bitcoin’s design with faster settlements, lower fees & broader supply—often called “silver to Bitcoin’s gold”
More: https://t.co/hYNto3cWZw pic.twitter.com/cHFCjYDhsR
— Canary Capital (@CanaryFunds) October 28, 2025
The company also launched a fund based on Hedera (HBAR) — HBR.
The $HBR ETF offers exposure to HBAR, the native token of Hedera Hashgraph—used for network services, fees, security, & powering apps. Hedera stands out for its high throughput, low fees, enterprise governance, real-world usage, and energy efficiency
More: https://t.co/7wf857Bv0S pic.twitter.com/J7QRDA3GYj— Canary Capital (@CanaryFunds) October 28, 2025
“Hedera stands out for its high throughput, low fees, enterprise governance, real-world usage, and energy efficiency,” noted Canary.
LTC prices showed little reaction to the news, but HBAR’s rate increased by 11% over the day.
Additionally, on October 29, Grayscale plans to convert its Solana trust into the GSOL exchange-traded fund.
No need for an introduction, Grayscale Solana Trust (Ticker: $GSOL), the largest publicly traded spot Solana fund in the U.S.*, is already offering exposure to $SOL in certain U.S. brokerage accounts with staking activated.
Learn more about $GSOL and see important disclosures:… pic.twitter.com/7W6kzb8j1N
— Grayscale (@Grayscale) October 27, 2025
Earlier in October, media reported that the Hong Kong Securities and Futures Commission approved the region’s first spot ETF based on Solana.