**Bitwise BSOL Options Begin Trading, Making BSOL the Largest US Solana ETF**
Options trading on the Bitwise Solana Staking ETF (BSOL) began on November 11, marking a significant development in the U.S. crypto ETF landscape. These options add a new layer of derivatives to the spot exchange-traded fund, which originally launched on October 28. With strike prices ranging from $16 to $26 and expirations extending through May 2026, institutional investors can now hedge positions and implement complex trading strategies tied to Solana (SOL).
## Key Highlights
– **Fund Size and Market Share:**
BSOL manages approximately $497.2 million in assets, capturing around 98% of total Solana ETF market inflows since inception—far outpacing its primary competitor, Grayscale’s GSOL. As of November 10, the fund reported 22.4 million shares outstanding, solidifying its position as America’s largest Solana ETF.
– **Staking and Fee Structure:**
The fund stakes 100% of its Solana holdings, generating a net staking reward rate of 7.20%. All rewards are automatically reinvested. Bitwise has waived its 0.20% management fee on the first $1 billion in assets through January 28, 2026, making BSOL particularly attractive from a cost perspective.
– **Options Launch and Market Impact:**
Options are now available with multiple expiration dates, including November 21, 2025; December 19, 2025; February 20, 2026; and May 15, 2026. Screenshots from Bloomberg Terminal and confirmations from Bitwise leadership on X (formerly Twitter) affirm the active trading of both call and put contracts. The rapid introduction of derivatives—just weeks after the ETF launch—contrasts with historical timelines; for instance, Ethereum ETF options only debuted about 15 months after their related spot ETF launch.
## ETF Structure and Operations
BSOL is structured as a grantor trust for federal tax purposes. This means all income and expenses flow through to shareholders. Authorized Participants can create or redeem shares in blocks of 10,000 units at net asset value, using either in-kind Solana transfers or cash settlements.
Delaware Trust Company acts as the trustee, while Coinbase Custody Trust Co. serves as the digital asset custodian. Notably, Bitwise’s experience spans multiple cryptocurrency ETPs (exchange-traded products), including Bitcoin and Ethereum offerings approved for retail investors in the United Kingdom.
## Competitive Landscape
Grayscale’s GSOL represents the primary competition for BSOL in the US Solana ETF market. Despite this, BSOL’s rapid accumulation of market share has been striking, with Solana ETF inflows totalizing $150 million across all related products by the end of October.
## Solana Ecosystem Strengthening
The broader Solana ecosystem has witnessed heightened activity, with decentralized exchange (DEX) volumes surpassing $5 billion in early November 2024. Network metrics reflect sustained growth in both transaction volumes and user participation. Institutional adoption is accelerating, and regulated investment products like BSOL are providing portfolio managers with the risk management tools required for further allocation decisions.
## About Bitwise
Bitwise is recognized for its wide range of crypto ETPs, offering both spot and staking capabilities for major digital assets where applicable. Its product lineup now anchors institutional access to new and established digital assets, such as Solana, Bitcoin, and Ethereum.
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**Disclaimer:**
Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage readers to verify information independently and consult with a professional before making any decisions based on this content.
https://bitcoinethereumnews.com/tech/bsol-options-trading-launches-two-weeks-after-etf-debut/