Bitwise Moves Closer to Solana ETF Launch with Form 8-A Filing
Date: 2025-09-29 Author: Henry Casey Categories: BUSINESS
On September 26, Bitwise CEO Hunter Horsley announced that the company had filed Form 8-A with the SEC, a document required for exchange-traded funds to be listed on the market after regulatory approval. This step has strengthened market confidence that the first spot Solana ETF could launch soon.
Optimism has been heightened by a series of changes to filings from other companies, including Grayscale and Franklin Templeton. These updates demonstrate the asset managers' active engagement with the SEC.
Nova Dius Wealth President Nate Geraci noted that coordinated efforts by issuers could expedite the application review process and did not rule out a decision within two weeks. Bloomberg analyst James Seyffarth shared a similar position, noting the high level of dialogue between applicants and the regulator.
Growing interest from institutional players confirms that the market is closely monitoring the possible launch of a new Solana-related instrument.
In June, the REX-Osprey Solana Staking ETF, the first fund focused on Solana, launched in the US market. Since its launch, it has raised over $300 million, demonstrating strong investor demand.
Furthermore, Bitwise's European Solana Staking ETP received $60 million in inflows over the past week, underscoring continued confidence in the project and its prospects. Experts note that such investments could significantly impact Solana's price and support its market position.
According to Bitwise's Chief Investment Officer, Matt Hougan, Solana has every chance of finishing the year strong. He highlighted high network activity and growing institutional participation as key drivers for its development.
Hougan added that the network's relatively small scale makes it particularly receptive to new investment. He compared the market capitalization of Bitcoin to $2.22 trillion and Ethereum to $519 billion, while Solana's market capitalization, at $116 billion, is significantly smaller. This means that a $1.6 billion investment could have a comparable impact to $30 billion on Bitcoin.
Therefore, the upcoming launch of the Solana ETF could not only expand investor access to this asset but also significantly strengthen its position in the crypto market.
