Bitwise Solana Staking ETF will be listed on the New York Stock Exchange on Tuesday

ChainCatcher news, according to market news, asset management company Bitwise announced on platform X that it will launch the Bitwise Solana Staking ETF on Tuesday on the New York Stock Exchange, with the stock code BSOL.

The company stated that this is the first ETP that is "100% directly invested in spot SOL." Meanwhile, other companies are also planning to launch a series of cryptocurrency ETFs. Canary Capital announced plans to list its Litecoin ETF and HBAR ETF on Nasdaq on Tuesday. A source familiar with the matter indicated that the Grayscale Solana Trust ETF is set to launch on Wednesday.

One week after the U.S. government shutdown, the SEC issued clear guidance on the listing procedures for company cryptocurrency ETFs. The SEC stated that companies can submit an S-1 registration statement for listing without needing to delay amendments, meaning they can become effective within 20 days after submitting the final S-1 registration statement. Before the shutdown, the SEC approved listing standards for three exchanges and amended relevant rules, allowing dozens of cryptocurrency ETF applications to be approved more quickly.

Companies hoping to launch cryptocurrency ETFs without SEC approval need to meet listing standards. To launch an ETF, companies must submit a final S-1 registration statement and an 8-A form, some of which have already begun to be submitted.