The launch of the Bitwise Solana Staking ETF has ignited optimism within the crypto market, significantly boosting the price of SOL. Cointelegraph reports that this ETF’s debut on the New York Stock Exchange under ticker symbol BSOL has coincided with a 14% surge in SOL’s value, reaching over $203 on Tuesday from its recent low of $177. This landmark development marks the first Solana-focused U.S. spot ETF with direct exposure to SOL, offering investors an opportunity to tap into both price and staking rewards through built-in mechanisms. Further fueling this positive trend is the upcoming conversion of Grayscale’s Solana Trust (GSOL) into a spot ETF, providing another regulated avenue for access.