Solana News Update: Solana Staking ETF Connects Wall Street with Crypto, Marks Start of Institutional Adoption
- Bitwise's BSOL ETF, first U.S. product offering direct Solana (SOL) exposure with staking rewards, generated $10M in 30 minutes on NYSE. - Solana's market cap surged from $3B to $111B since 2022, driven by Firedancer upgrades enabling 65,000 TPS and attracting 1,000+ dApps. - BSOL distinguishes itself with 100% direct SOL exposure, 7% annual staking yields, and fee waivers for first $1B assets, contrasting with 2.5% fees from Grayscale's Solana Trust. - Analysts predict $3-6B in inflows for BSOL, mirrori
The Bitwise
BSOL stands apart from other crypto funds by providing full, direct exposure to SOL and automatically compounding staking rewards, which currently yield about 7% per year, as reported by
Solana’s rebound since 2022 has been driven by technical improvements, such as the Firedancer validator client, which has enhanced the network’s scalability and transaction speeds, according to Coinotag. The blockchain can now handle up to 65,000 transactions per second, surpassing Ethereum and attracting more than 1,000 decentralized applications, as highlighted by CryptoNewsLand. Institutional interest has grown rapidly, with nine companies—including VanEck and 21Shares—filing for U.S. Solana ETFs, according to
The ETF’s staking component has led to comparisons with Bitcoin and Ethereum ETFs, which were responsible for 75% of Bitcoin’s rise to $50,000 in early 2024, according to Cointelegraph. Analysts such as Ryan Lee from Bitget believe Solana’s ETF could generate similar momentum, potentially attracting $3–$6 billion in its first year, as per Cointelegraph. Still, technical analysis shows SOL is facing significant resistance between $204 and $208, and a move above $280 could spark a rally toward $400–$500, according to
Industry watchers also point to the broader significance of Solana’s integration into regulated financial markets. Thanks to its low transaction costs and high throughput, Solana is emerging as a key asset for institutional crypto portfolios alongside Bitcoin and Ethereum, as noted by CryptoNewsLand. Other ETFs, such as Canary’s upcoming
As the digital asset sector continues to develop, BSOL’s success highlights the increasing overlap between traditional finance and blockchain. With attractive staking returns, greater regulatory certainty, and strong institutional support, Solana’s ecosystem is well-positioned to capture a substantial portion of the $1.7 trillion digital asset market, as reported by Coinotag.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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