Key notes
- Bitwise BSOL options began trading on November 11 with strike prices ranging from $16 to $26 and expiration until May 2026.
- The fund controls $497.2 million in assets and accounts for 98% of Solana ETF’s total market flows since its launch.
- BSOL is acquiring all of its holdings for a net reward of 7.20% with no fees on the first $1 billion through January 2026.
Options trading on the Bitwise Solana Scking ETF (BSOL) began on November 11, adding derivatives to the spot exchange-traded fund that launched on October 28. This development allows institutional investors to hedge their positions and implement complex trading strategies on Solana.
Sol
$157.3
24-hour fluctuations:
6.0%
Market value:
$87.30 billion
Vol. 24 hours:
$5.96 billion
Exposure vehicle.
Bitwise President Teddy Fusaro and CEO Hunter Horsley confirmed the launch of the options via X Posts on November 11, with screenshots of a Bloomberg terminal showing puts and active contracts. Coinspeaker confirmed that the options are available via Interactive Brokers with strike prices ranging from $16 to $26.
Today’s milestone –
Options are now live and trading $BSOLBitwise Solana Staking ETF.
Bridges is open to investment professionals. https://t.co/ArkFXFr9ED
– Hunter Horsley (@HHorsley) November 11, 2025
The options series offer multiple expiration dates including November 21, 2025, December 19, 2025, February 20, 2026, and May 15, 2026. The fund reported 22.4 million shares outstanding as of November 10, According to SEC filings.
BSOL has $497.2 million in assets under management with 22.7 million shares outstanding, making it the largest Solana ETF in America. According to official fund data as of November 9. Farside Investors is valued at just $329.7 million. However, the fund actually accounted for nearly 98% of the Solana ETF’s total flows during the initial trading period, outpacing Grayscale’s GSOL.
Coinspeaker Solana ETF Flow Analysis | Source: Farside
Structure and launch of the ETF
The fund launched on October 28 on the NYSE Arca exchange with a 0.20% management fee, and the first $1 billion in assets is fully surrendered through January 28, 2026. According to the official announcement of Bitwise. BSOL acquires 100% of its holdings in Solana to generate a net reward rate of 7.20%, with rewards automatically reinvested in the fund. The trust operates as a grantor trust for federal tax purposes, meaning income and expenses flow to shareholders.
Authorized Participants create or redeem shares in blocks of 10,000 units at net asset value, either through Solana in-kind transfers or cash settlements. Grayscale’s GSOL represents the primary competition in the US Solana ETF market, although Solana ETF flows had reached $150 million across all products by October 31.
The rapid progress from ETF to options stands in contrast to previous timelines for crypto ETFs. Ethereum
Ethereum
$3450
24-hour fluctuations:
3.3%
Market value:
$416.57 billion
Vol. 24 hours:
$34.60 billion
ETF options launched on October 23, 2025, about 15 months after the ETFs debuted in July 2024.
Market activity
The Solana ecosystem has seen increased activity alongside enterprise product launches. Solana DEX trading volumes surpassed $5 billion in early November, with network metrics showing sustained growth in transaction volume and user activity.
Institutional adoption of Solana continues to expand across regulated products. Options triggering provides portfolio managers with the risk management tools typically required to make allocation decisions. A Delaware Trust Company serves as trustee for the fund, which was originally organized on November 20, 2024, as the Bitwise Solana ETF before its current stake structure was adopted. Coinbase Custody Trust Co. acts as a custodian for the digital assets.
Bitwise operates several cryptocurrency exchange-traded products, including the recently approved Bitcoin and Ethereum products for retail investors in the UK. The company’s portfolio of crypto funds includes major digital assets with spot and staking capabilities where possible.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
As a Web3 marketing strategist and former DuckDAO CMO, Zoran Spirkovski translates complex coding concepts into compelling narratives that drive growth. With a background in cryptocurrency journalism, he excels at developing go-to-market strategies for DeFi, L2, and GameFi projects.
The post BSOL Options Trading Launches Two Weeks After ETF Debut first appeared on Investorempires.com.
