Solana ETF stake earns 7%! Full analysis of the first altcoin ETF on Nasdaq.

In October 2025, Bitwise Solana ETP was listed on Nasdaq, becoming the first Solana ETF listed on a mainstream exchange and the first altcoin ETF to offer built-in staking rewards. The fund holds 100% SOL spot and stakes all holdings, automatically distributing an annualized staking reward of approximately 7.1% to shareholders.

What is Solana ETF? Why is it significant for Nasdaq listing?

Solana ETF is a regulated exchange-traded fund that tracks the value and performance of Solana (SOL), allowing investors to buy and sell Solana stocks through regular brokerage accounts, including NASDAQ accounts. There is no need for a crypto wallet or blockchain expertise—invest directly in Solana and enjoy the security and liquidity of traditional securities trading.

Just last year, with the launch of the first spot Bitcoin and Ethereum ETFs on major exchanges in the United States, ordinary investors witnessed a historic transformation. These funds made it easier and safer for people to add mainstream cryptocurrencies to their investment portfolios—without the need for special wallets or technical knowledge. Soon after, the Osprey Solana Staking ETF was introduced, paving the way for investors to earn rewards directly from Solana's staking system through regular brokerage accounts.

Now, with the Bitwise Solana ETP listed on Nasdaq, Solana is set to become the focus. This is not just an ordinary crypto fund—it is the first Solana ETF to be listed on a mainstream exchange, combining price growth potential with built-in staking rewards. Nasdaq, as the second largest stock exchange in the world, endorsing the Solana ETF signifies regulatory recognition and institutional-level trust.

Bitwise Solana ETP's Three Core Advantages:

100% Direct Spot Trading: Bitwise Solana ETP actually holds SOL, providing real tracking rather than synthetic.

Built-in Staking Rewards: Bitwise stakes all SOL tokens held by the fund and automatically allocates Solana staking rewards to shareholders. No other U.S. Solana ETF on Nasdaq or any other exchange can provide such a large-scale comprehensive integration solution.

Trading on Nasdaq: As one of the first listed altcoin spot ETFs on Nasdaq, the Bitwise Solana ETP sets a benchmark for transparent and regulated SOL investments.

Solana Staking Annualized Yield History: 7% How to Achieve It?

The appeal of the Solana ETF partly stems from the staking mechanism—locking up SOL tokens to earn network rewards. Staking rewards come from participating in the consensus validation of the Solana network, where validators confirm transactions and maintain network security, receiving newly minted SOL tokens and transaction fees as compensation.

Historical Evolution of Solana Staking APY:

2021: Solana staking APY was exceptionally high, usually above 9%, as the network sought to attract validators and early adopters.

2022-2023: With more people participating in staking, the annualized return rate has decreased, generally between 6.5% and 7.5%.

2024: The annual yield stabilizes between 6.8% and 7.3%, reflecting the maturity of token economics and the assurance of ecosystem security.

As of October 2025: The staking annualized return of Solana at major validator nodes averages 7.1%, a highly competitive yield that will be automatically passed on to Bitwise Solana ETP holders.

Why is staking ETF important? Most staking requires technical expertise or involves high-risk “yield chasing” operations in DeFi. The Bitwise Solana ETP allows you to earn returns through Nasdaq regulation, professional custody, and extremely low fees. All staking is perfectly managed by Bitwise Onchain Solutions using Helius technology, allowing investors to enjoy staking rewards without any technical operations.

Bitwise Solana ETP Complete Investment Guide

Bitwise Solana ETP is an integrated Solana ETF solution designed for retail and institutional investors, providing instant SOL price exposure and seamless staking yields. Here are the key points investors need to know.

Bitwise Solana ETP Key Data:

Stock Code: BSOL

Exchange: Nasdaq (also available for trading on other parts of US exchanges)

Management Fee: 0.20%, the first three months asset management scale of the first 1 billion USD is exempt from management fees.

Creation and Redemption of Physical Assets: Closely related to net asset value

Staking Technology Provider: Supported by Helius

The management fee of 0.20% is highly competitive in the ETF industry. In comparison, the management fees for Bitcoin ETFs typically range from 0.25% to 0.50%. More importantly, the promotion of no management fees for the first $1 billion in assets for the first three months means that early investors can enjoy staking rewards at almost zero cost.

The creation and redemption mechanism of physical assets ensures that the ETF price is closely related to the SOL spot price, avoiding the huge premiums or discounts seen in the early days of GBTC. When institutional investors need a large number of ETF shares, authorized participants (AP) will purchase SOL spot and deliver it to the fund in exchange for ETF shares. Conversely, the same applies. This mechanism ensures that arbitrage opportunities are quickly eliminated, and the ETF price always reflects the true value of SOL.

Solana Market Overview: Can the Price of 203 USD Continue?

As of October 2025, the price of SOL is $203, with a market capitalization exceeding $91 billion, solidifying Solana's position as the sixth largest cryptocurrency in the world. Recent performance has been driven by the successful listing of the Bitwise Solana ETP on Nasdaq, with an additional $24 million inflow into the ETF last week, causing the price of SOL to surge by 12%.

From a technical perspective, $200 is an important psychological barrier and technical resistance level. SOL has previously challenged but failed to securely maintain above $200 multiple times. This time, the breakthrough and stabilization indicate a significant increase in market confidence. Analysts are viewing $215 as the next key price ceiling—but volatility remains (as is often the case in the cryptocurrency space).

J.P. Morgan estimates that the Solana ETF (primarily Bitwise Solana ETP) could attract up to $6 billion in assets under management by 2025, far exceeding analysts' expectations from a year ago. This optimistic forecast is based on several factors: institutional trust brought by the Nasdaq listing, the appeal of staking rewards, and the ongoing growth of the Solana ecosystem.

The technical advantages of the Solana network also support its long-term value. The network can handle over 65,000 transactions per second, with transaction fees of only a few cents, far lower than Ethereum. This makes Solana an ideal platform for DeFi, NFTs, and gaming applications. As more developers choose to build on Solana, the network effect will further drive the demand for SOL.

Other Solana ETFs and Competitive Landscape

The Bitwise Solana ETP is not the only option in the market, but it is currently the largest Solana ETF listed on Nasdaq that offers staking rewards. Below are other competing products.

Grayscale Solana Trust (abbreviated as “GSOL”) continues to grow, now supporting staking functions and offered through major brokers. Grayscale, as one of the first institutions to launch a Bitcoin trust, has rich experience in the field of cryptocurrency asset management. However, its management fees are generally higher than those of Bitwise, and its liquidity on Nasdaq is not as good as that of BSOL.

The 21Shares Solana ETF is still waiting for approval from regulatory authorities as of October 2025, but it is expected to be listed on Nasdaq soon. 21Shares has extensive experience in the European crypto ETP market, and its entry into the U.S. market will further enrich investor choices.

The REX/Osprey Solana Staking ETF is the first ETF to provide direct staking exposure, but its assets under management are lower than those of Bitwise's products. The smaller size may lead to lower liquidity and larger bid-ask spreads.

Canary Capital's Litecoin and Hedera ETP, along with other recent altcoin ETFs/ETPs launched or announced on Nasdaq, indicate the confidence of regulators and deepen the integration of the cryptocurrency market. The U.S. Securities and Exchange Commission approved a spot Bitcoin ETF in January 2024, triggering a wave of new Solana ETFs, Bitwise Solana ETP, and other altcoin ETPs trading on Nasdaq today.