Bitwise has launched its SOL staking ETF (BSOL), marking its entry as one of the only two Solana spot ETFs available in the U.S. The fund aims for a 100% staking rate to achieve a 7.34% reward. This development comes as Jito's token (JTO) struggles, with its share of network revenue dropping below 30%. Jito's Block Assembler Market (BAM) is being closely watched as a potential driver for Solana's recovery, promising improved transaction ordering and reduced harmful MEV. Meanwhile, VanEck has filed for a JitoSOL ETF, signaling further integration of traditional finance into Jito's ecosystem. However, JitoSOL faces growing competition in Solana's liquid staking market, with its market share declining to 25%.