Solana ETFs Debut in the US: Grayscale and Bitwise Drive New Wave of Crypto Investments

Anny Sam
November 1, 2025
12:45 am

Anny Sam

Anny is a skilled crypto writer, delivering clear, engaging content that simplifies complex blockchain concepts for a broad audience.

Solana exchange-traded products launched in the US this week amid growing investor interest.
Analysts expect Solana ETPs to capture up to 5% of the token’s total supply, similar to Bitcoin and Ethereum.
Rising competition and limited regulation could challenge their growth.

According to the report, Solana exchange-traded products debuted in the United States this week. The launch marked another milestone in the expansion of digital asset funds into mainstream finance. Grayscale and Bitwise, two major players in the crypto investment space, led the move with their respective Solana-based ETPs.

Bitwise recently launched $BSOL, the first U.S. ETF that directly holds and stakes Solana.

It gives investors:

– Real exposure to SOL
– ~7% staking rewards
– 0% fees (for now)

this is actually a huge one because, Regular investors can now invest in Solana through the stock… https://t.co/Y6rV5oQrho
— MIKE (@mikeweb3) October 29, 2025

Bitwise’s BSOL ETF began trading on Tuesday and has already seen inflows of $129 million in the first two days. Grayscale kicked off the following day with GSOL and managed to accumulate $4 million worth of assets on the very first day of trading.

Grayscale Research head Zach Pandl observed that the adoption of Solana-based ETPs could also follow the same pattern as that of the approval of the Bitcoin and Ethereum ETPs. This indicates that the total tokens held by Solana ETPs could reach above $5 billion in the next two years.

Solana ETPs Emerge as a Fast-Growing Crypto Segment

The US ETP industry has expanded significantly and currently handles more than $10 trillion as of the end of 2024. Though currently a nascent area, crypto-focused ETPs comprise a rapidly growing niche. However, the road ahead for Solana ETPs could prove more treacherous than that of their predecessors.

When the Bitcoin ETPs emerged in the market last year, competition was limited. However, today investors can choose from a variety of products available based on several cryptocurrencies such as Ethereum, Hedera, and Litecoin. Experts think that although individuals can invest in solitary cryptocurrencies through ETPs, the majority will choose diversified investment options.

Moreover, regulatory uncertainty creates greater pressure. The US SEC has been quite cautious regarding cryptocurrency. This regulatory body has allowed the establishment of some ETPs but has only exerted limited regulation. This has been a concern for other traditional financial institutions like Charles Schwab. They believe a lax regulatory framework can generate more risk for those investing in such products.

Grayscale GSOL Fund Shares Staking Income with Holders

One of the core advantages of Solana resides in the staking system it provides. As compared to other cryptocurrencies like Bitcoin, Solana follows the proof-of-stake model. This indicates that the users can generate profits through staking tokens.

Grayscale has confirmed that in its GSOL fund, 77% of the staking rewards will go to the investors. This could attract the long-term holders because the fund not only offers capital gain opportunities but also income opportunities. The annual reward for staking Solana is 5.7%.

Yet Solana ETFs represent a welcome addition to the digital landscape. They offer a new way for investment portfolios to diversify and capitalize on the income-generating potential that the blockchain has unleashed. As the market continues to evolve, the unique advantage that Solana offers in terms of speed, staking rewards, and scalability could carve out a distinct niche in the ever-expanding universe of cryptocurrency investment products.