The Bitwise Solana ETF (BSOL) is reportedly on track to launch this week, with analysts suggesting that the U.S. Securities and Exchange Commission (SEC) could issue its final approval within days. The ETF’s issuer, Bitwise Asset Management, filed a fifth amendment to its application, adding staking functionality and confirming a management fee of 0.20%, according to recent SEC documents.
The SEC’s deadline to rule on Bitwise’s Solana ETF is October 16, though Bloomberg reports that a collective decision on all spot Solana ETFs could come sooner—possibly by Friday. A ruling on Grayscale’s Solana ETF is expected on the same timeline, setting the stage for a potentially landmark moment in the digital asset market.
“Bitwise just cut fees to the floor right from the start,” said James Seyffart, ETF analyst at Bloomberg Intelligence. “It’s a clear sign they’re aiming to dominate inflows early.”
Inside the Bitwise Solana ETF Structure
Bitwise’s revised filing provides fresh insight into how the fund will operate. The ETF will trade under the ticker BSOL on the CBOE BZX Exchange, pending SEC approval. The firm has also introduced a fee waiver for the first three months or until the fund reaches $1 billion in assets under management (AUM)—a move designed to attract early investors.
Key details from the filing include:
- Staking Integration: Managed by Attestant, with delegated and re-staking options.
- Custody Partner: Coinbase Custody, overseeing staking assets.
- Legal Counsel: Chapman and Cutler LLP.
- Tax Advisor: Fenwick & West LLP.
- Auditor: KPMG, providing independent verification.
Bloomberg’s Eric Balchunas described the low fees and aggressive structure as a “statement of intent” from Bitwise to lead the Solana ETF segment ahead of rival issuers.
Solana ETFs Await SEC Green Light
Investor focus now shifts to whether the SEC can finalize ETF approvals amid administrative slowdowns tied to the U.S. government shutdown. Analysts note that delays have already affected other filings, such as the Canary Litecoin ETF, whose decision was postponed earlier this month.
Despite these headwinds, optimism remains high. Bloomberg analysts believe the SEC could still clear multiple Solana ETF applications simultaneously once normal operations resume.
Meanwhile, Solana’s (SOL) price climbed 4.1% in the last 24 hours, reaching $227.83, with intraday highs near $229.56. However, daily trading volumes slipped 27%, reflecting cautious sentiment ahead of regulatory announcements.