Quick Facts:
- 1️⃣ Bitwise files Form 8-A with the SEC to list on NYSE Arca, the same exchange that hosts spot $BTC and $ETH ETFs.
- 2️⃣ Bitwise’s strategic partners, including KPMG, Coinbase Custody, and Attestant, bolster the fund’s trust and compliance credibility.
- 3️⃣ Growing institutional demand sees $SOL surge by 6%, reflecting rising confidence and accelerating ecosystem growth.
- 4️⃣ Snorter Token ($SNORT) grabs attention across the industry with its $5.4M+ presale.
Bitwise Solana Staking ETF (BSOL) recently filed a 8-A Form with the SEC, a procedural step before an ETF can list and trade on a US exchange.
This filing also includes changing Bitwise’s listing venue from Cboe BZX to NYSE Arca, an exchange used by major ETFs like $BTC and $ETH spot ETFs, boosting BSOL’s liquidity potential and institutional credibility.
While BSOL is gearing up for its NYSE listing, an SEC green light is still pending, given the ongoing US government shutdown.
Bitwise, however, has more up its sleeve. It submitted a fifth amendment on October 8 to include a staking in the fund name, a major differentiator in ETF markets that emphasizes the passive yield potential.
In addition to the name change, Bitwise has also set an ultra-low management fee of 0.20%, which could attract massive inflows from high-yield seeking investors.
Furthermore, Bitwise plans on capturing the market by completely waiving the management fee for the initial three months or until the AUM hits $1B.
Bitwise isn’t walking into this alone – it’s working with heavyweights like Chapman & Cutler LLP (legal), Fenwick & West LLP (tax), KPMG (audit), Attestant (staking provider), and Coinbase Custody, to bolster investor confidence and for regulatory credibility.
While that’s the news on Bitwise, 21Shares Solana ETF (VSOL) also filed a Form 8-A recently to list on Cboe BZX. It has since been approved, making it the first major ETF to provide staking rewards to holders.
In light of these fillings, $SOL surged by around 6%, clocking an intraday range between $188 and $192. While the day’s rally packed heat, $SOL Futures Open Interest jumped over 3% to $9.08B, indicating that derivative traders are betting on further upside.
As institutional confidence in Solana builds, every corner of its ecosystem is feeling the lift.
One standout project riding Solana’s explosive momentum is the Snorter Token ($SNORT), a Telegram-based trading bot offering lightning-fast transactions with minimal fees, now entering the final stretch of its presale.
Snorter Bot ($SNORT): The Next Big Telegram-Native Trading Bot For Lightning-Fast Trades
Powered by Snorter Token ($SNORT), the Snorter bot is set to follow in the league of Maestro, Banana Gun, and Trojan, emerging as a high-upside player in the trading bot arena. It already stands out from the crowd with its USP – engineered to sniff out the next 100x meme coin before it goes viral.
Built on the Solana ecosystem, it will offer ultra-fast transactions at a near-dust fee (0.85% for $SNORT holders), providing you an edge in a market that’s on the mend.
Snorter bot isn’t all about hype; it will bring a utility-driven ecosystem with a faster sniper and advanced trade-sniffing intelligence, giving you the edge to outsmart whales.
The Snorter Token ($SNORT) is the native token fueling every pulse of this blazing-fast ecosystem. Holding $SNORT will unlock benefits, such as:
- Instant token swaps with front-running protection and unmatched security
- Auto-buy new tokens, set limit orders, and schedule trades to lock in profits and safeguard your trades.
- Honeypot detection and rugpull protection, securing you from malicious tokens automatically.
- Mirror top traders’ moves and ride their winning streak effortlessly.
Discover how to buy $SNORT in our detailed guide.
Entering its final three days, Snorter Token ($SNORT) is stealing the spotlight – pulling in $5.4M+ and counting. Each $SNORT token now sits at $0.1083, with a dynamic staking APY of 102%.
When the market’s this wild, missing plays like this can sting.
Big wallets are already circling, with one whale snapping up $11.5K worth of $SNORT earlier this month. With the presale ending in just three days, don’t miss the final window to secure your share of $SNORT.
🚀 Get in on $SNORT today before the whales scoop it all up.
Disclaimer: This is not financial advice. Always do your own research before making any investment.
Authored by Bogdan Patru, Bitcoinist – https://bitcoinist.com/bitwise-solana-etf-listing-soon-snorter-token-eyes-explosive-rally
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