Bitwise Charges Ahead With Solana ETF Filing - Form 8-A Submission Marks Critical Milestone

Wall Street's crypto embrace accelerates as Bitwise drops regulatory paperwork for Solana exposure.

The Filing That Changes Everything

Bitwise just fired the starting gun on the next ETF race. Their Form 8-A submission with regulators signals serious intent to bring Solana to traditional finance portfolios. This isn't exploratory—it's executable.

Why This Move Matters

Institutional money needs regulated pathways. Bitwise understands the assignment: build bridges between crypto natives and pension funds. The filing demonstrates operational readiness while Wall Street still debates whether Solana belongs in retirement accounts.

The Regulatory Gauntlet

SEC scrutiny remains the elephant in the room. But Bitwise's track record suggests they've done the homework. Their lawyers likely spent more hours on this filing than most traders spend analyzing charts.

Market Impact Ahead

Approval would trigger institutional flows that make current retail volume look like pocket change. The real question isn't if—but when traditional finance fully absorbs crypto's innovation. Another blow to the 'digital assets are a fad' narrative—as if we needed more evidence that skeptics are playing checkers while crypto plays 4D chess.

Other Solana ETF Issuers Make Further Amendments With SEC

Horsley’s disclosure reinforces growing market Optimism that a spot Solana ETF may not be far off.

Meanwhile, the MOVE follows a wave of amendments from multiple issuers, including Grayscale and Franklin Templeton. These updates signal intensified engagement between asset managers and the financial regulator.

Nate Geraci, president of ETF advisory firm Nova Dius Wealth, said these amendments could accelerate the SEC’s review process.

Considering this, he believes the regulator could issue approvals within two weeks, which WOULD align with the financial regulator’s timeframe.

Bloomberg ETF analyst James Seyffart echoed this view, adding that this coordinated activity points to active dialogue between issuers and the SEC.

NEW: Bunch of updated filings for the solana ETF prospectuses. Signs of movement from issuers and the SEC. pic.twitter.com/2XXaXct6w7

Meanwhile, this surge in activity follows growing institutional appetite for Solana-linked investment products.

The REX-Osprey Solana Staking ETF, launched in June as the first Solana-focused fund in the US, has already attracted over $300 million in inflows.

Similarly, Bitwise disclosed $60 million of new capital entering its European Solana Staking ETP this week, underscoring investor conviction in Solana’s long-term potential.

Market experts noted that this influx of institutional capital could have a meaningful impact on Solana’s market performance.

Bitwise Chief Investment Officer Matt Hougan said Solana “has all the ingredients for an epic end-of-year run.” He pointed to the network’s strong activity and growing institutional participation as key drivers for its potential growth.

Moreover, Hougan noted that Solana’s size makes it more sensitive to new capital, which could significantly impact its prices.

“As of September 7, bitcoin’s market cap was $2.22 trillion, Ethereum’s market cap was $519 billion, and Solana’s market cap was $116 billion. In other words, Solana is 1/20th the size of Bitcoin and less than 1/4th the size of Ethereum,” he wrote.

Considering this, he explained that a $1.6 billion investment in Solana exposure could have the same market impact as over $30 billion entering Bitcoin.