Bitwise Beats Grayscale to Punch with First US Solana ETF Launch
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In a race to bring Solana to the stock market, Bitwise has claimed victory. The asset manager will launch the first US spot Solana ETF on the NYSE Tuesday, just one day ahead of the scheduled debut of the Grayscale Solana Trust ETF.
The new fund, BSOL, will offer investors direct exposure to SOL with integrated staking rewards.
The launch was briefly teased and then deleted by Multicoin Capital’s Kyle Samani, adding to the day’s intrigue.
This development signals intense competition among fund providers to capitalize on investor demand for crypto beyond Bitcoin and Ethereum, as evidenced by other pending launches for Litecoin and HBAR ETFs.
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