Crypto ETF Frenzy Kicks Off Tuesday: Bitwise BSOL Launches on Significant Day for Altcoins
A new phase of the US crypto ETF landscape commences on Tuesday, with the Bitwise Solana Locking tokens ETF (ticker: BSOL) expected to launch trading on the NYSE. This development places Solana alongside BTC and Ether in public crypto market offerings, coinciding with investors’ anticipation for significant tech earnings and the mid-week FOMC policy decision from the Fed.
According to Bitwise, the new TradFi-targeted product, BSOL, will provide 100% spot SOL exposure and will stake the fund’s assets, backed operationally by infrastructure company Helius, representing the first US exchange-traded product to combine spot Solana exposure with an in-fund staking initiative.
It’s finally happening. The inaugural SEC-approved Solana ETF.
Introducing $BSOL from @BitwiseInvest.
Solana
Wall Street pic.twitter.com/t3tAsHe5Cl
— Solana (@solana) October 27, 2025
BSOL Marks a Milestone for Non-BTC crypto ETFs on Super Tuesday
The launch of BSOL comes amid a wider initiative for non-BTC crypto ETFs. Nasdaq is on track to introduce Litecoin and Hedera funds from Canary Capital on Tuesday, with circulars confirming tickers and schedules; the Grayscale Solana Trust ETF is anticipated to follow on Wednesday, pending final effectiveness.
This group effectively builds on the 2024 breakthroughs in Bitcoin and Ether ETFs, venturing into single-asset products beyond the leading two. A significant achievement for the crypto market.
This acceleration is driven by recent regulatory updates. In September, the SEC established new generic listing standards that simplify trading protocol approvals for commodity-style spot ETPs that meet specified conditions—a change analysts believe will shorten timelines and trigger a wave of crypto funds in the fourth quarter.
During the ongoing governmental shutdown, the SEC’s Division of Corporation Finance also clarified that issuers can submit S-1s without postponing amendments, enabling automatic effectiveness for registrations after 20 days, barring additional staff action.
These mechanisms collectively explain how several crypto ETFs can debut this week, even with limited agency staff.
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ETF Investment Arrives: A New Era for Solana
For Solana, creating a public-market wrapper that includes earning yield is more than just for appearances. Locking tokens yields have historically hovered around the mid-single digits, contributing to a structural tracking-plus-carry profile that long-only investors can base level within brokerage accounts, which may enhance market demand and strengthen secondary-market liquidity for SOL.
If BSOL successfully draws in early investments, the primary market’s stake-and-create process could narrow spreads and stabilize flows amid macroeconomic fluctuations, posing a relevant challenge as investors analyze Big Tech earnings related to AI-capex run-rates while waiting for the FOMC’s rate indication on Wednesday.
Nonetheless, it’s crucial to recognize that competition is intensifying quickly. In addition to Bitwise and Canary, multiple issuers—including notable names like Grayscale, 21Shares, Franklin Templeton, VanEck, and Fidelity—have Solana proposals lined up, with many revealing low-fee structures and staking options to capture a share in a market newly accessible to single-asset crypto ETFs.
The NYSE and Nasdaq have already provided the required listing approvals, and issuers have been working with CorpFin for weeks to finalize prospectus details, despite the ongoing shutdown.
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What Implications Do This Hodl for Retail Traders?
The crypto market ramifications manifest in three areas. Firstly, capital flows: a spot-and-stake ETF provides allocators with a compliant method to express SOL beta alongside yield, which may redirect funds from offshore ETPs or direct custody.
Secondly, price discovery: the on-exchange creation/redemption process can enhance NAV discipline and lessen price discrepancies over weekends.
Thirdly, setting a precedent: if the launches throughout the week proceed smoothly under the new standards, anticipate a swift increase in single-asset ETFs (with XRP likely being among the next in line) before the year’s close.
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The article Crypto ETF Mania Set For Tuesday: Bitwise BSOL Goes Live in Major Day For Alts first appeared on 99Bitcoins.
