Solana ETF Launches With 5% Staking Yields, $6B Inflow Expected

Bitwise's Solana ETF and Canary's Litecoin and Hedera ETFs began trading on the NYSE and Nasdaq under the Securities Act of 1933 structure.

Solana ETF News

Investors are closely monitoring the debut of the first Solana staking exchange-traded fund as analysts project the move could inject billions into the altcoin market. The approval marks a transformative milestone that positions Solana alongside Bitcoin and Ethereum in institutional investment circles.

At least three altcoin ETFs launched on Tuesday,

to Bloomberg analyst Eric Balchunas. Bitwise's Solana ETF and Canary's Litecoin and Hedera ETFs began trading on the NYSE and Nasdaq under the Securities Act of 1933 structure.

Bitget exchange's chief analyst Ryan Lee estimates the Solana staking ETF may attract between $3 billion and $6 billion in new capital during its first year. The staking feature introduces an additional 5% passive income for holders, creating a dynamic that could draw more institutional capital into the wider altcoin sector beyond traditional ETF products.

Bitwise's Solana ETF debuted with $10 million in trading volume during its first 30 minutes on the New York Stock Exchange. Canary Capital's Hedera ETF posted $4 million while the Litecoin ETF recorded $400,000 in early trading activity.