Solana Staking Hits the NYSE!

By Mark Gough

Even when faced with a government shutdown, crypto’s momentum perseveres.

The Bitwise Solana Staking ETF (BSOL) officially launched on the New York Stock Exchange earlier today.

At the time of writing, it trades at $26.20.

Source: Reuters.

This marks the first U.S. exchange-traded fund that offers direct, fully staked exposure to Solana (SOL, “B”).

And it could prove transformative for Solana’s market dynamics.

Solana is already a leading crypto ecosystem. It captures the most active users and DeFi volume, despite ranking only sixth by market cap.

And during the Oct. 10 crash, the network proved its resilience by processing a record 100,000 transactions per second!

Now, this staking-enabled ETF could take things to the next level for SOL. It could generate sustained buying pressure as ETF inflows translate directly into staked SOL and reduced circulating supply.

By staking 100% of its assets on-chain, BSOL aims to deliver around 7% annual yield. That’s similar to a dividend-style return — just the offering that could attract traditional income investors to Solana for the first time.

In effect, BSOL gives investors both price appreciation and passive yield to create a dynamic more akin to owning a growth stock that pays a dividend than simply holding a crypto in your wallet.

That combination — institutional access plus steady on-chain rewards — could position Solana as one of the few digital assets competing directly with equities and bonds on yield appeal.

This is a solid step in expanding crypto exposure for institutions and TradFi investors.

And with that comes opportunities for those of us already on the blockchain.

If you already own SOL, this is a bullish catalyst. As ETF inflows build, those staking allocations effectively lock up SOL supply, tightening liquidity and potentially supporting higher prices over time.

Savvy investors will be looking to load up on SOL before more ETFs are listed … and tighten SOL’s supply even further.

And users who can navigate DeFi may want to search for on-chain SOL-based yield opportunities for the chance to beat BSOL’s 7% APY.

Whatever strategy you choose to ride this narrative, one thing is clear: More eyes — and action — will be on Solana going forward.

Best,

Mark Gough