Bitwise Asset Management just launched the Bitwise Solana Staking ETF (BSOL), offering 100% direct exposure to the digital asset SOL on the NYSE.
The ETF features a 0.20% management fee, set to 0% for three months on the first billion in assets.
[adinserter block="1"]BSOL will utilize Solana’s 7% average staking rewards, and the firm says it aims to stake 100% of its holdings.
Staking essentially involves locking up cryptocurrency tokens to validate transactions, secure the network and earn rewards similar to interest on savings.
All staking on the new ETF is powered by Helius, which currently manages over 13 million staked SOL.
Bitwise says it’s now managing more than $15 billion in assets with more than 30 crypto products, serving private wealth teams, RIAs, family offices, and institutional investors, as well as 15 banks and broker-dealers.
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