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<p><a href="https://bitwiseinvestments.com/" rel="noopener noreferrer" target="_blank"><span style="text-decoration: underline">Bitwise Asset Management</span></a>, a global crypto asset manager with more than $15 billion in client assets, today <a href="https://www.businesswire.com/news/home/20251027087034/en/Bitwise-Launches-BSOL-First-Spot-Solana-ETP-in-U.S.-Aims-To-Stake-100-of-Assets-In-House-Powered-by-Helius-To-Maximize-Solanas-7-Average-Staking-Rewards" rel="noopener noreferrer" target="_blank">announced</a> the launch of the Bitwise Solana ETF (NYSE: BSOL) and selected Helius as their sole staking provider with 100% of their SOL exclusively staked through the <a href="https://orb.helius.dev/address/8GbwASqdpw4dVcwbWUxbHXMrjyQx2aKkoBR5H1GJF8iD/history?cluster=mainnet-beta" rel="noopener noreferrer" target="_blank"><span style="text-decoration: underline">Bitwise Onchain Solutions validator</span></a> that Helius operates.</p><p>This partnership represents a major milestone for Solana and crypto more broadly as the Bitwise Solana Staking ETF becomes one of the first U.S. spot Solana Exchange Traded Products (ETPs) with staking. </p><p>By running their own validator, Bitwise is proving their commitment to Solana, and advancing the network’s growth, security, and long-term success. Together with Helius, that commitment is backed by Solana-native expertise and enterprise-grade infrastructure built to deliver the trust, performance, and reliability that institutions expect at scale.</p><blockquote><p>We're thrilled to partner with Helius in building our own Solana validator for the Bitwise Solana Staking ETF. Not only is Helius the standard bearer for Solana validators when it comes to areas like performance, reliability, and security, but their native understanding of Solana and its ecosystem is unmatched. They’ve helped us build the perfect high performance validator—one that meets our stringent needs around security and reporting as an ETF issuer.</p><cite>Hong Kim, Co-founder and CTO, Bitwise Asset Management</cite></blockquote><h2><strong>Choosing a Solana Staking ETF Provider</strong></h2><p>Because Bitwise intends to stake 100% of the Fund’s SOL holdings through the Bitwise Onchain Solutions validator, they needed a <a href="[object Object]"><span style="text-decoration: underline">Validator-as-a-Service provider</span></a> that understands how to run performant, compliant, and reliable Solana infrastructure.</p><h3><strong>Validator Performance</strong></h3><p>Bitwise chose Helius to operate their Solana validator because they wanted the highest APY to pass back to their stakers.</p><p><a href="https://www.helius.dev/staking/rewards">Solana staking rewards</a> are directly related to a validator's performance. If a validator misses slots, has downtime, or fails to pack full blocks, stakers stand to earn fewer rewards.</p><p>As Solana’s top validator with over 14M SOL staked, Helius’s fault-tolerant, performance-optimized nodes currently offer over <strong>6.6% APY</strong>, have <strong>100% uptime</strong>, and maintain a slot success rate over <strong>99.9%</strong>. </p><p>By applying these same performance optimizations to the Bitwise Onchain Solutions validator, and passing block rewards back to stakers, BSOL holders can expect to have an <a href="https://dune.com/heliuslabs/bitwise-etf" rel="noopener noreferrer" target="_blank">APY of 7%+</a>.</p><h3><strong>White Glove Customizations</strong></h3><p>Due to the demanding technical requirements of running a validator for a Solana ETF with built-in staking, Bitwise needed a technology partner with deep, Solana-native expertise, a proven track record, and the engineering talent capable of supporting their sophisticated institutional needs. For Bitwise, we built many custom solutions to meet their unique requirements including solutions for estimating and forecasting APY.</p><h3><strong>Reporting</strong></h3><p>Bitwise had advanced requirements for <strong>custom, real-time reports and tooling</strong> to track and forecast validator rewards, generate daily reports, and adhere to strict reporting requirements. </p><p>Bitwise needed a partner like Helius with specialized domain and technical expertise to build these custom reports that most other providers were simply not equipped to handle.</p><h3><strong>Compliance</strong></h3><p>Validator security and regulatory compliance are table stakes. Bitwise chose Helius because we were able to meet their custom requirements around secure key management, operate <a href="[object Object]"><span style="text-decoration: underline">SOC 2 compliant</span></a> infrastructure, and because we adhere to security best practices.</p><p>Combined with enterprise SLAs, 24/7 customer support, and direct lines of communication to our engineering team, institutional partners like Bitwise always receive first-class support.</p><h2><strong>Growing Institutional Interest in Solana</strong></h2><p>Institutional interest in Solana is accelerating, largely due to the adoption of stablecoins, rising application revenue, the emergence of on-chain equities, the expansion of Real World Assets (RWAs), and the growth of Digital Asset Treasury (DAT) companies.</p><blockquote><p>What Netflix did to video and what Amazon did to commerce, Solana is doing to capital markets. Partnering on Bitwise's Solana Staking ETF enables traditional investors to securely own a piece of the innovation happening on Solana everyday. We’re excited to power the Bitwise Onchain Solutions validator and work with a team who shares our commitment to Solana.</p><cite>Mert Mumtaz, Co-founder and CEO, Helius</cite></blockquote><h3><strong>Stablecoins and Blockchain Payment Rails</strong></h3><p><a href="[object Object]"><span style="text-decoration: underline">Stablecoins on Solana</span></a> reached a new all-time high in mid Oct. 2025 with over $16.6 billion in circulation. This represents a ~245% YoY increase in<a href="https://blockworks.com/analytics/solana" rel="noopener noreferrer" target="_blank"> <span style="text-decoration: underline">total supply</span></a> since Oct. 2024 ($4.8B).</p><p>With newer stablecoins like PayPal USD (PYUSD) and Paxos’ Global USD (USDG), combined with Solana’s fast transactions and low fees, the network has quickly become home to many of crypto’s most used mobile banking and stablecoin payment applications.</p><h3><strong>Solana App Revenue and Trading Activity</strong></h3><p>Because validator rewards are tied to network activity (e.g., block rewards and MEV rewards), it’s no surprise institutions are interested in staking SOL to earn a portion of these fees.</p><p>For example, through the first three quarters of 2025, <a href="https://blockworks.co/analytics/solana" rel="noopener noreferrer" target="_blank"><span style="text-decoration: underline">Solana has generated</span></a> over:</p><ul class="list-bullet"><li value=1>$1.2 trillion in total DEX spot trading volume</li><li value=2>$1.8 billion in total application revenue</li><li value=3>$1.3 billion in Real Economic Value (REV)</li></ul><h3><strong>On-chain Equities & Internet Capital Markets</strong></h3><p>With the "<a href="https://www.sec.gov/newsroom/speeches-statements/atkins-digital-finance-revolution-073125" rel="noopener noreferrer" target="_blank"><span style="text-decoration: underline">Project Crypto</span></a>" initiative from Chairman of the U.S. Securities and Exchange Commission (SEC) Paul Atkins to "modernize the securities rules and regulations to enable America’s financial markets to move on-chain," it’s clear that <strong>permissionless</strong>, <strong>high-throughput</strong>, and <strong>low cost</strong> blockchains like Solana will enable the trading of equities on-chain, and create opportunities for new <a href="[object Object]"><span style="text-decoration: underline">internet capital markets</span></a>.</p><h3><strong>Real-World Assets (RWAs) and To
