Bitwise To Launch First Spot Solana ETF, Canary Capital Set To List Litecoin And HBAR Funds
Bitwise is preparing to debut its spot Solana Staking ETF (exchange-traded fund) on the New York Stock Exchange (NYSE) today with Canary Capital set to list Litecoin and Hedera funds. The Bitwise SOL ETF, trading under the ticker BSOL, will be the first US product offering 100% direct exposure to staked SOL, the fund manager said in a post on X. It added that it will temporarily waive fees and target staking rewards of around 7%. “Solana is headed into the mainstream—and we think it’s just getting started,” Bitwise said. ”We believe Solana is a key platform for enabling capital markets to come onchain and is perfectly positioned for this moment.” The Canary Capital Litecoin (LTC) and Hedera (HBAR) ETFs will also launch today while Grayscale’s Solana ETF is expected tomorrow. Crypto ETF Launches Proceed Even As The US Government Shutdown Persists The launches come even as the US government shutdown persists and agencies such as the Securitie...