Bitwise Asset Management has announced that its Bitwise Solana Staking ETF (BSOL) will begin trading tomorrow, becoming the first U.S. exchange-traded product to provide 100% direct exposure to Solana (SOL) while incorporating on-chain staking rewards.
According to Bitwise, the fund will target full staking of all held assets through Bitwise Onchain Solutions, powered by Helius Labs, with an expected average annual yield exceeding 7%.
The firm also introduced a temporary 0% management fee, a move likely designed to attract early institutional interest.
The ETF’s design allows investors to gain exposure to Solana’s price performance while simultaneously earning network staking rewards.
Bitwise framed the product as a gateway for traditional capital markets to access on-chain yield in a regulated, transparent structure, effectively bringing a native DeFi mechanism into the ETF wrapper.
The BSOL launch follows Bitwise’s recent U.S. Securities and Exchange Commission (SEC) filing amendment, which outlined the staking feature and a 0.20% management fee, matching the firm’s Bitcoin and Ethereum ETFs.
Approved under the SEC’s new 75-day crypto ETF review window, replacing the former 240-day process, the amendment represented one of the final procedural steps before launch.
Bitwise’s amendment and launch represent its latest effort to merge on-chain participation with regulated financial structures, making it one of the earliest U.S.-listed ETFs to include a staking component.
This chapter unlocks a trend in the ETF market, where issuers are beginning to integrate yield features that move beyond basic price tracking.
