Bitwise Joins Spot Solana ETF Race as SOL Price Nears $260

• Bitwise has registered a statutory trust for a proposed Solana ETF.
• Under the Trump administration, SOL ETFs are expected to be approved.
• Bitwise might soon join VanEck and Canary Capital in the spot SOL ETF race.

Bitwise, a leading digital asset management firm, has intensified the push for SEC approval of a spot Solana exchange-traded fund (ETF) by registering a statutory trust for the proposed SOL ETF, in Delaware.

Meanwhile, the price of SOL is nearing its all-time high of $260. At the time of publication, Solana is valued at $230.96—a decline of 11.19% from its peak. According to CoinMarketCap, Solana’s market capitalization stands at $110 billion, making it the fourth-largest digital asset by valuation.

Bitwise is expected to join the race for a spot Solana ETF alongside VanEck and Canary Capital. Reports from Delaware’s Division of Corporations reveal that Bitwise incorporated its trust on November 20th, listing CSC Delaware Trust Company as its registered agent. The firm is likely preparing to file an S-1 registration statement with the SEC.

Although Bitwise has yet to submit the required 19b-4 and S-1 filings, the crypto market has sho…

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