Solana ETFs in the spotlight: Bitwise’s BSOL to debut on NYSE on Tuesday

Bitwise announced it will debut its Bitwise Solana Staking ETF, ticker BSOL, on the New York Stock Exchange on Tuesday, making it the first such exchange-traded product to offer "100% direct exposure to spot SOL." This launch occurs amid a broader trend of new crypto ETFs, with Canary Capital planning to list Litecoin and HBAR ETFs on Nasdaq the same day, and the Grayscale Solana Trust ETF expected to launch Wednesday. The article also explains how these ETFs can launch despite a government shutdown affecting the SEC. The SEC's shutdown plan allows firms to file S-1 registration statements without a delaying amendment, meaning the ETF can become effective within 20 days. This process is facilitated by the SEC having previously approved new listing standards that allow for faster crypto ETF listings if firms meet the required standards.

(Source：The Block)