Bitwise slated to launch milestone US solana ETF Tuesday

Bitwise is set to launch its Solana Staking ETF (BSOL) on the NYSE Arca, marking a significant step in the crypto landscape. This ETF will provide 100% direct exposure to spot SOL, with staking powered by Helius. The announcement follows a teaser from Bitwise about significant developments in the ETF space. The SEC approved the ETF after finalizing generic listing standards for exchange-traded products holding spot commodities. Bitwise's initiative comes shortly after the introduction of US bitcoin and ether ETFs earlier this year. Additionally, Canary Capital is launching ETFs that will hold HBAR and LTC. Experts anticipate a surge in single-asset crypto ETFs, including those focused on XRP, by year-end. The SEC's recent approvals and the ongoing evolution in ETF regulations present a dynamic backdrop for crypto investment products.

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