The post Bitwise Solana staking ETF hits $55.4M in debut trading day appeared on BitcoinEthereumNews.com.

Bitwise claims its Solana staking exchange-traded fund (ETF) generated $55.4 million in trading activity on its first trading day, Tuesday, coinciding with the introduction of two other cryptocurrency ETFs from Canary Capital. The Bitwise Solana Staking ETF (BSOL) has the highest trading volumes of any crypto ETF introduced in 2025, according to Bloomberg ETF analyst Eric Balchunas, surpassing REX Osprey’s XRP (XRP) and Solana (SOL) staking ETFs. Balchunas added that BSOL garnered over $223 million in assets before its launch, indicating increased institutional engagement and trust in exposure to staking, which pays individuals who lock up cryptocurrency on the blockchain to authenticate transactions. Wall Street’s appetite for cryptocurrency has expanded beyond market heavyweights Bitcoin (BTC) and Ether (ETH), with asset managers considering the establishment of exchange-traded products related to riskier cryptocurrencies or featuring unique mechanisms, such as staking. BSOL’s $55.4 million trading volume exceeded Balchunas’ pre-launch projection of $52 million. Meanwhile, the Canary Capital HBAR ETF (HBR) concluded its first trading day with $8 million in volume, meeting the analyst’s prediction. The Canary Capital Litecoin ETF (LTCC) raised $1 million, which is less than Balchunas’ estimated $7 million. Bitwise’s Solana staking ETF (BSOL) opened to significant demand on Tuesday, with $10 million traded in the first 30 minutes, according to Balchunas. Compared to Canary’s HBAR ETF (HBR) and Litecoin ETF (LTCC), which posted $4 million and $400,000, respectively, within the same period. The early trading activity indicates various levels of investor interest in the new crypto-focused exchange-traded funds, with Bitwise’s Solana product experiencing the most initial demand of the three new offerings. Regulatory clarity on staking fuels U.S. launch after months of uncertainty The debut follows the recent approval of several crypto ETFs, despite limited operational capability owing to the government shutdown. BSOL’s debut trading volume, however, was a fraction…

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Filed under: News - @ October 29, 2025 1:27 am