**[The First U.S. Solana Spot ETF Records $69.45 Million Net Inflows on Its Debut, Total Net Asset Value Reaches $289 Million]** The first U.S. Solana spot ETF—Bitwise Solana Staking ETF (ticker symbol: BSOL)—officially debuted on the New York Stock Exchange. According to SoSoValue data, the ETF recorded $69.45 million in net inflows and $57.91 million in trading volume on its first day of listing. Prior to its debut, BSOL had an initial subscription size of $223 million, and after its first day of trading, its total net asset value reached $289 million. The net asset ratio of SOL (market value relative to SOL’s total market capitalization) stood at 0.27%. Notably, the Grayscale Solana Trust ETF (ticker symbol: GSOL) is also set to convert from a trust to an ETF and officially list on the NYSE on October 29, adding another player to the U.S. Solana spot ETF market. Bitwise Solana Staking ETF is issued by Bitwise Asset Management. During the current U.S. government shutdown, the issuer leveraged the general listing standards for commodity trusts and obtained exchange certification under Form 8-A. The prospectus automatically became effective on October 28 after meeting the 20-day requirement, allowing the ETF to list. Key features include: support for both cash and in-kind redemptions, with in-kind settlements available only to authorized participants (APs); the ability to generate additional yield through Solana staking, with 6% of staking rewards allocated to the issuer, custodian, and staking providers, while the remaining 94% is credited to the ETF’s assets; a management fee rate of 0.20%; and a waiver of management fees and staking revenue sharing for the first three months of listing, provided the fund’s size remains within the initial $1 billion.