Quick Facts:
- 1️⃣ Bitwise files Form 8-A with the SEC to list on NYSE Arca, the same exchange that hosts spot $BTC and $ETH ETFs.
- 2️⃣ Bitwise’s strategic partners, including KPMG, Coinbase Custody, and Attestant, bolster the fund’s trust and compliance credibility.
- 3️⃣ Growing institutional demand sees $SOL surge by 6%, reflecting rising confidence and accelerating ecosystem growth.
- 4️⃣ Snorter Token ($SNORT) grabs attention across the industry with its $5.4M+ presale.
Bitwise Solana Staking ETF (BSOL) recently filed a 8-A Form with the SEC, a procedural step before an ETF can list and trade on a US exchange.
This filing also includes changing Bitwise’s listing venue from Cboe BZX to NYSE Arca, an exchange used by major ETFs like $BTC and $ETH spot ETFs, boosting BSOL’s liquidity potential and institutional credibility.
While BSOL is gearing up for its NYSE listing, an SEC green light is still pending, given the ongoing US government shutdown.
Bitwise, however, has more up its sleeve. It submitted a fifth amendment on October 8 to include a staking in the fund name, a major differentiator in ETF markets that emphasizes the passive yield potential.
In addition to the name change, Bitwise has also set an ultra-low management fee of 0.20%, which could attract massive inflows from high-yield seeking investors.
Furthermore, Bitwise plans on capturing the market by completely waiving the management fee for the initial three months or until the AUM hits $1B.
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Author: Bogdan Patru
