Bitwise launched the Bitwise Solana Staking ETF (BSOL), the first U.S. exchange-traded fund offering direct Solana exposure with staking rewards. The fund accumulated approximately $222.8 million in assets within its initial trading days, according to Bloomberg Intelligence senior ETF analyst Eric Balchunas. BSOL provides investors access to Solana's staking yield, which averages above 7%, following SEC regulatory clarity on proof-of-stake mechanisms.

The Bitwise Solana Staking ETF (BSOL) launched on October 28, 2025, recording approximately $56 million in first-day trading volume and attracting $222.8 million in assets. The debut marked the most active newly launched ETF of 2025, according to Bloomberg Intelligence analyst Eric Balchunas. The fund offers exposure to Solana with an estimated 7% annual yield from staking rewards.

Bitwise's Solana ETF generated $56 million in trading volume on its October 28, 2025 debut, outperforming over 850 ETFs launched in 2025, according to Bloomberg ETF analyst Eric Balchunas. Despite the strong institutional reception, SOL traded at $195.41, remaining within a consolidation range between $192 and $197. The token failed to breach the $200 resistance level as technical indicators showed neutral momentum and flattening exponential moving averages.

Bitwise's Solana Staking ETF (BSOL) recorded $55.4 million in trading volume on October 28, 2025, its first day on the market. The fund launched with over $223 million in assets, representing the strongest debut among crypto ETFs introduced in 2025. The performance exceeded initial projections and generated $10 million in volume within its first 30 minutes of trading.

The United States launched its first altcoin exchange-traded funds on October 27, with Solana, Hedera, and Litecoin ETFs generating $65 million in combined first-day trading volume. Solana's ETF attracted $56 million in trading activity, yet the token declined 3.65% to around $191. Hedera's $8 million in volume corresponded with a 4.9% price surge to $0.193, while Litecoin's $1 million debut saw the token drop 3.3% to $96.

The Bitwise Solana Staking ETF (BSOL) began trading on the New York Stock Exchange, becoming the first US-listed solana exchange-traded product. The fund stakes 100% of its SOL holdings to target approximately 7% annual staking rewards. Bitwise CIO Matt Hougan projected the launch could achieve record flows relative to SOL's $110 billion market capitalization.

Hyperliquid and BNB Chain now account for more than 60% of total fees generated across major Layer 1 blockchains, while Solana's share has declined from over 50% earlier this year to 9%. The shift stems from reduced memecoin trading on Solana and growing derivatives activity on competing networks. Derivatives transactions generate significantly higher fees per trade than memecoin swaps, enabling platforms like Hyperliquid to capture over 40% of L1 fees despite lower user counts.

Western Union will launch a stablecoin named USDPT on the Solana blockchain in early 2026, with Anchorage Digital Bank serving as the token issuer, the company announced Tuesday. The payments provider said the token will enable users to send, receive, spend and hold digital assets through its compliance infrastructure. CEO Devin McGranahan had indicated in July that the company was exploring stablecoin integrations for remittance services.

Bitwise and Canary Capital launched the first U.S. Solana ETFs on October 28, marking institutional access to SOL. The token trades above $200 with resistance zones at $216–$230. Technical patterns resemble Solana's 2023 breakout phase, according to market analysts.

MetaMask has launched a multichain account feature enabling users to manage EVM and non-EVM addresses through a single account. The wallet provider stated that Bitcoin network support will be added in future updates.