Oct 29, 2025
Bitwise launches Bitwise Solana Staking ETF, first with 100% SOL exposure, plus staking, priced by CF Benchmarks
Bitwise’s Solana Staking ETF (BSOL) launch is the first listing of a ’33 Act SOL fund
BSOL = 100% SOL
CF Benchmarks congratulates Bitwise Asset Management on the successful listing of its Bitwise Solana Staking ETF (NYSE: BSOL), providing U.S. investors with 100% direct exposure to SOL - the native token of the Solana network - in an ETF wrapper, for the first time.
The fund combines the regulated ETF structure with staking yield potential, enabling investors to participate in both Solana’s market performance, and its on-chain reward mechanics, within a transparent, exchange-traded wrapper.
BSOL joins a broad suite of digital-asset investment vehicles developed by Bitwise across the U.S., U.K. and Europe.
BSOL’s ’33 Act Edge
BSOL is the first Solana ETF registered under the U.S. Securities Act of 1933 to become available for trade, marking an important structural milestone for the digital-asset ETF landscape.
Unlike U.S. crypto ETPs organized under alternative frameworks, a ’33 Act registration entails the same investor-protection and disclosure standards that apply to traditional commodity-based exchange-traded funds.
For institutional allocators and fiduciaries, this classification signifies prospectus-level transparency, direct ownership of the underlying asset, and SEC-reviewed compliance architecture. The BSOL structure therefore extends the reach of regulated digital-asset exposure to a broader range of institutional investors and distribution channels.
Benchmark Assurance: CME CF Solana–Dollar Reference Rate (New York Variant)
The CME CF Solana–Dollar Reference Rate - New York Variant (SOLUSD_NY) serves as the Solana price benchmark for BSOL’s net asset value (NAV).
Calculated and published by CF Benchmarks Ltd., the regulated index administrator authorized by the U.K. Financial Conduct Authority (FCA), SOLUSD_NY reflects the price of Solana at the U.S. market’s traditional 4:00 PM New York close, providing a precise, manipulation-resistant, and replicable reference for institutional valuation and risk management.
As part of the CME CF Single Asset Series Family of indices, SOLUSD_NY applies CF Benchmarks’ transparent, publicly documented methodology that aggregates transaction data from constituent exchanges meeting stringent regulatory and liquidity criteria. The benchmark is designed to ensure representative price discovery and robust governance standards—qualities essential for ETF NAV calculation and institutional auditability.
Institutional staking integration
BSOL offers in-kind creation and redemption, and leverages Bitwise’s in-house staking expertise together with validator partner Helius, Solana’s leading developer platform and institutional-grade validator. Through this structure, BSOL provides investors exposure not only to SOL’s spot-market dynamics, but also to staking rewards, within a regulated, exchange-listed fund format.
Helius supports over 13 million staked SOL and maintains a SOC II Type 2-certified infrastructure—aligning with the rigorous standards demanded by institutional asset managers and regulated investment products.
Conclusion: First ’33 Act Institutional Solana
The launch of BSOL marks another step in the ongoing institutionalization of digital-asset investment opportunities. As the first Solana ETF registered under the ’33 Act, and with benchmarked price integrity provided by CF Benchmarks’ SOLUSD_NY, the fund expands the range of compliant, regulated avenues for Solana exposure available to professional investors.
As more asset managers integrate CF Benchmarks’ regulated reference rates into their product designs, institutional participants can gain greater confidence in accessing the crypto-asset class through familiar, standards-based investment vehicles.
Explore more
Click the links below to find out more about the Bitwise Solana Staking ETF (BSOL) and the CME CF Solana-Dollar Reference Rate – New York Variant (SOLUSD_USD).
Bitwise announcement:
Bitwise Asset Management, Inc.
Bitwise Solana Staking ETF (BSOL) product page:
- CME CF Solana-Dollar Reference Rate - New York Variant (SOLUSD_NY) index page
- Read our SOLUSD_NY benchmark research:
CF Benchmarks
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.
Bitwise launches Bitwise Solana Staking ETF, first with 100% SOL exposure, plus staking, priced by CF Benchmarks
BSOL is the first Solana ETF registered under the U.S. Securities Act of 1933 to become available for trade, marking an important structural milestone for the digital-asset ETF landscape.
Ken Odeluga
Outcome of Consultation on Changes to the CF ETH Staking Reward Rate Index Methodology
The Administrator can now confirm it will implement all proposed changes to the CF Staking Series Methodology.
CF Benchmarks
ChinaAMC lists Hong Kong’s first Solana ETF offering staking rewards, with CF Benchmarks-powered SOL pricing
The ETF is Hong Kong’s first Solana ETF to incorporate staking rewards, reflecting a maturing framework that allows on-chain yield to coexist with regulated fund oversight.
Ken Odeluga