Bitwise Solana Staking ETF to be listed on the New York Stock Exchange on Tuesday

ChainCatcher news, according to market sources, asset management company Bitwise announced on the X platform that it will launch the Bitwise Solana Staking ETF on Tuesday at the New York Stock Exchange, with the ticker symbol BSOL.

The company stated that this is the first ETP to be "100% directly invested in spot SOL." Meanwhile, other companies are also planning to launch a series of cryptocurrency ETFs. One exchange stated that it plans to list its Litecoin ETF and HBAR ETF on Tuesday. According to a person familiar with the matter, another exchange plans to list on Wednesday.

After a one-week U.S. government shutdown, the SEC issued guidance on the listing procedures for company cryptocurrency ETFs. The SEC stated that companies can submit S-1 registration statements for listing without needing to delay amendments. As companies submit their final S-1 registration statements, this means they can become effective within 20 days. Before the shutdown, the SEC approved listing standards for three exchanges and amended related rules, so dozens of cryptocurrency ETF applications may be approved more quickly.

Companies hoping to launch cryptocurrency ETFs without SEC approval need to meet listing standards. To launch an ETF, companies need to submit the final S-1 registration statement and Form 8-A, some of which have already started to be submitted.