Bitwise Asset Management launched the Bitwise Solana Staking ETF (BSOL), which received an astonishing $69.5 million in first-day inflows.
This ETF is noteworthy for being the first U.S. exchange-traded product to provide full direct exposure to spot Solana (SOL) while also focusing on staking its holdings using advanced technologies developed in partnership with Helius.
The introduction of BSOL is a watershed moment for Solana, a blockchain network known for its quick staking payouts and burgeoning ecosystem.
In similar news, Western Union plans to launch a dollar-backed stablecoin dubbed the U.S. Dollar Payment Token (USDPT) on the Solana network. This program, according to reports, aims to improve the speed and cost-effectiveness of international money transfers for its enormous 100 million client base.
Additonally, Anchorage Digital Bank will issue the stablecoin, which will be available through partner exchanges, and the debut is expected in the first half of 2026.
Western Union is also building a Digital Asset Network, which will connect digital assets to traditional fiat currencies. This network will allow customers to cash out digital assets using Western Union’s enormous global network, further integrating digital finance into its offerings.
