In a significant move for digital asset investment, Bitwise has launched the first spot Solana Exchange-Traded Fund (ETF) in the United States. The new fund, which will trade on the New York Stock Exchange (NYSE), offers investors direct exposure to Solana (SOL) and uniquely incorporates staking rewards.

A New Avenue for Solana Investors

The launch provides a regulated and accessible vehicle for investors to gain exposure to the Solana ecosystem without directly purchasing and holding the cryptocurrency. By listing on the NYSE, the product brings a new level of legitimacy and convenience to SOL investing, bridging the gap between traditional finance and the digital asset market.

Integrating Staking Rewards

What sets this ETF apart is its built-in staking mechanism. The fund will hold SOL and stake it on the network, a process that helps secure the blockchain and, in return, earns yield. These staking rewards will be distributed to the fund’s shareholders, offering an additional source of return on top of any potential price appreciation of the underlying asset. This feature simplifies what can be a technically complex process for individual investors, packaging both exposure and yield into a single, easily tradable security.