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.

Bitwise will launch its Solana Staking ETF (BSOL) on NYSE Arca Tuesday, becoming the first U.S. exchange-traded product with 100% direct exposure to spot SOL. Canary Capital's HBAR and LTC ETFs received approval Monday and will debut on Nasdaq the same day, according to CEO Steven McClurg.

The Federal Reserve is expected to cut interest rates by 25 basis points on Wednesday, with markets pricing in a 96.7% probability as of Monday morning. Bitcoin rose 6% week-over-week to around $111,000 following Friday's inflation data. Crypto ETF proposals and Coinbase's Q3 earnings report are also due this week.