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ETF issuers

SOL ETFs: a new route for traditional money into SOL

ETFs let people buy SOL in a brokerage account without managing private keys. From 2025 the US has listed SOL ETFs with staking yield and spot SOL ETFs, giving traditional money its first direct, regulated route in.

Bitwise ↗Grayscale ↗← Back to key players

What an ETF is

An ETF (exchange-traded fund) is a fund listed on a stock exchange. A SOL ETF’s issuer buys and holds SOL on behalf of investors, who buy and sell fund shares in a brokerage account and so hold SOL indirectly.

For many institutions and individuals this is far easier than opening a crypto account and managing private keys, and it fits internal compliance rules.

Timeline

  • Europe: exchange-traded products (ETPs) tracking SOL have existed for years.
  • April 2025: Canada approved and listed several spot SOL ETFs, some with staking yield.
  • July 2025: REX-Osprey launched a staking SOL ETF in the US, using a special fund structure that sidestepped the approval route of the time, becoming the first in the US.
  • September 2025: the SEC adopted generic listing standards for crypto asset ETFs, so qualifying products no longer need individual approval.
  • From October 2025: Bitwise’s staking SOL ETF, Grayscale’s SOL ETF converted from a trust and others listed, with more issuers following.

How they differ from Bitcoin and Ethereum ETFs

The biggest difference is staking: many SOL ETFs stake the SOL they hold and pass the staking yield (after fees) to holders. That makes a SOL ETF more than a price tracker; it carries part of the on-chain yield too.

What it means for Solana

  • New buyers: money that does not depend on on-chain meme activity.
  • The staking landscape: the more SOL ETFs hold and stake, the more weight custodians and the validators they choose carry in staking, which could increase stake concentration.
  • Price linkage: ETF creations and redemptions carry fund flows from US market hours through to the SOL price.

What to watch

  1. Net inflows and outflows for each SOL ETF (published daily by issuers and third-party tracking sites).
  2. How much SOL the ETFs hold in total, and which validators they delegate their stake to.

Sources

  • Issuers’ product pages and SEC announcements; Canadian and European product details from issuers’ public materials.
  • This page is an educational summary and is not investment advice, nor a recommendation of any product.