In a notable milestone for Solana, asset supervisor Bitwise’s BSOL has launched as the primary ETP within the US to supply 100% direct publicity to SOL.
Bitwise has introduced the launch of the Bitwise Solana Staking ETF (NYSE:BSOL). It’s the first ETP within the US with 100% direct publicity to SOL and one of many first crypto ETPs with built-in staking.
The ETF milestone sparked response and pleasure within the Solana group, together with Solana founder Anatoly Yakovenko.
In a historic comeback story, Solana emerged from the depths of the 2022 crypto winter into the highlight and continues to garner curiosity from institutional buyers.
Solana’s “useless” feelings disappear.
Solana’s founder responded to a tweet reflecting on Solana’s progress from its comeback from the 2022 bear market to now receiving its first ETF approval.
The reality is on the market https://t.co/snL5eChvpD pic.twitter.com/NBjBsttk0g
— toly 🇺🇸 (@aeyakovenko) October 28, 2025
Solana fanatic Jakey tweeted, “In late 2022, SOL was ‘useless’ and sentiment was 0. As we speak in late 2025, SOL was authorized for its first ETF. The workforce that tripled and stood the check of time is profitable. Let’s consider in one thing.” The Solana founder responded, “The reality is on the market,” together with a picture with the caption, “I wish to consider.” It is a reference to the Nineteen Nineties TV present “The X-Recordsdata.”
Solana’s comeback, dismissed by some as a sufferer of 2022’s cryptowinter, exhibits its resilience.
The 2022 bear market coincided with the catastrophic collapse of cryptocurrency trade FTX, inflicting Solana’s market capitalization to drop by about 96% to $3 billion.
Solana’s outstanding comeback started in 2023, with its market capitalization rising almost 50 instances since then and now reaching $111 billion. Solana was buying and selling close to $8 after the FTX crash in late 2022, however is presently buying and selling at $202, with its present excessive reaching $294 on January 19, 2025.
