Data: The first Solana spot ETF in the US was listed, with a net inflow of $69.45 million on the first day and total net assets reaching $289 million.

ChainCatcher News, the first Solana spot ETF in the United States—Bitwise Solana Staking ETF (stock code BSOL)—has been officially listed on the New York Stock Exchange.

According to SoSoValue data, the net inflow on the first day of listing was $69.45 million, with a trading volume of $57.91 million. The initial subscription size before BSOL's listing was $223 million, and after the first day of trading, the total net asset value reached $289 million. The SOL net asset ratio (market value as a proportion of SOL's total market cap) was 0.27%.

It is worth noting that the Grayscale Solana Trust ETF (stock code GSOL) will also be converted from a trust to an ETF and officially listed on the New York Stock Exchange on October 29, adding another Solana spot ETF in the United States.

The Bitwise Solana Staking ETF is issued by Bitwise Asset Management. During the current U.S. government shutdown, the issuer was able to list the ETF automatically after the 20-day prospectus period expired on October 28, by meeting the general listing standards for commodity trusts and obtaining Exchange Certification 8-A. Its features include:

Supports both cash and in-kind creation and redemption, with in-kind settlement available only to APs;

Supports additional yield from Solana staking, with 6% of staking rewards allocated to the issuer, custodian, and staking provider, and the remaining 94% included in the ETF's assets. The management fee rate is 0.20%;

No management fees or staking revenue sharing will be charged within the first three months after listing and for the first $1 billion of fund size.