Solana News Update: SEC's Staking Guidance Opens Door to $69.5M Solana ETF Inflows, Signaling a Change in Institutional Adoption
- Bitwise's BSOL ETF raised $69.5M on its NYSE debut, becoming the first U.S. spot Solana ETF offering 7% staking yields post-SEC PoS clarity. - BSOL outperformed rival SSK ($12M) by leveraging Solana's high-throughput blockchain and a 0.20% fee (waived initially), contrasting SSK's 0.75% expense ratio. - SEC's May 2024 guidance on non-securoty PoS activities enabled regulated staking products, accelerating institutional adoption of altcoin ETFs. - JPMorgan forecasts $3-8B in Solana/XRP ETF inflows within
The Bitwise
BSOL outperformed its nearest rival, the REX-Osprey Solana Staking ETF (SSK), which saw $12 million in trading volume on its first day, a comparison noted by
The SEC issued a staff statement on May 29 clarifying that certain PoS activities, such as staking, are not considered securities offerings under U.S. law. This guidance, which was broadened in August to include liquid staking, paved the way for regulated staking products like BSOL. Bloomberg ETF analyst Eric Balchunas described the $222.8 million in assets before launch as “exceptionally high for a new crypto ETF,” a point also mentioned by
BSOL stands apart from conventional spot ETFs by incorporating staking rewards directly into the fund. Bitwise stakes all its
The ETF’s strong debut is in line with broader trends in crypto ETFs. U.S. spot
Changes in regulations during the U.S. government shutdown also helped facilitate BSOL’s introduction. SEC procedural rules allowed the ETF’s S-1 registration to automatically become effective after 20 days, sidestepping delays caused by staff shortages—a situation described in a
Grayscale’s Solana Trust (GSOL) is scheduled to convert to a spot ETF on October 29, broadening institutional access to Solana’s network. Kristin Smith, president of the Solana Policy Institute, emphasized the ETF’s significance in updating financial systems, citing Solana’s 99.9% uptime and $5 billion in DeFi total value locked.
As the sector develops, experts expect more innovation in staking-focused ETFs. Mercer Park’s acquisition of Cube Group and its plan to build a $500 million Solana treasury for yield generation were reported by
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BCH Rises 0.69% Over 24 Hours as Short-Term Price Trend Remains Upbeat
- Banco De Chile (BCH) rose 0.69% in 24 hours to $525.4, defying a 1.87% monthly decline but surging 20.85% annually. - The stock outperformed its Zacks Banks - Foreign industry group by 3% weekly and 4.26% monthly, with a Zacks Momentum Style Score of B. - Analysts highlight upward earnings revisions ($2.54→$2.56) and no negative adjustments in 60 days, supporting its "Buy" Zacks Rank #2. - Average daily volume of 341,827 shares and consistent positive revisions reinforce BCH's short-term outperformance p

YFI Rises 0.59% as Recent Gains Counter Ongoing Downward Trend
- YFI rose 0.59% in 24 hours but fell 48.51% annually, reflecting mixed short-term and long-term trends. - Short-term gains attributed to retail inflows and algorithmic trading, lacking structural drivers or major updates. - Yearly decline aligns with broader DeFi risk-off sentiment and Yearn's lack of innovation or institutional support. - Analysts predict continued downward trajectory without catalysts like governance reforms or new product launches.

ZEC Falls 1.1% on November 30 Following Grayscale’s Zcash ETF Application
- Grayscale files first U.S. spot ETF for Zcash, a privacy-focused cryptocurrency, following its Bitcoin Trust conversion in 2024. - Zcash’s 709.35% YTD surge and rising shielded transaction adoption (30% of ZEC activity) highlight growing demand for privacy-preserving assets. - Despite recent price declines (1.1% in 24 hours), the ETF could boost institutional interest and mainstream legitimacy for privacy coins. - Regulatory approval may set a precedent for privacy-centric crypto adoption, reshaping U.S.

ALGO drops 5.19% over the past week as the overall market trends downward
- Algorand (ALGO) fell 5.19% in 7 days, continuing a 58.48% annual decline to $0.1389. - The blockchain project, founded by MIT's Silvio Micali to solve the scalability-trilemma, remains at 2023 lows despite $60M 2019 ICO. - Weakness persists due to macroeconomic risk-off sentiment and lack of on-chain upgrades, with no short-term recovery catalysts identified. - ALGO's 12-month drop from $3.56 highlights crypto market struggles post-2024 bull run, as investors await innovation-driven turnaround.
