- The Bitwise Solana Staking ETF (BSOL) recorded $55.4 million in trading volume on its first day.
- BSOL’s trading volume was the highest among crypto ETFs launched in 2025 so far.
- Prior to launch, BSOL attracted $223 million in assets, indicating growing institutional interest in staking.
- Two other altcoin ETFs from Canary Capital, for Hedera hashgraph and Litecoin, debuted with $8 million and $1 million in volume respectively.
- BSOL’s volume was strong but still much lower than the $1.08 billion across nine spot Ether ETFs that launched the previous July.
The Bitwise Solana Staking ETF (BSOL) debuted on Tuesday, delivering $55.4 million in trading volume on its first day of trading. On the same day, two altcoin ETFs from Canary Capital also started trading, representing assets tied to Hedera Hashgraph (HBAR) and Litecoin (LTC).
BSOL’s opening day volume led all crypto ETF launches this year, surpassing earlier launches including staking ETFs from another firm focused on XRP and Solana. Before the launch, BSOL had attracted roughly $223 million in assets, implying growing institutional demand for staking products, which reward holders for locking up cryptocurrency to validate blockchain transactions.
The Hedera Hashgraph ETF reached $8 million in trading volume on its debut, matching expectations. Meanwhile, the Litecoin ETF closed with $1 million, falling short of the forecasted $7 million.
Despite its strong debut, BSOL’s volume remains small in comparison to the nine spot Ether ETFs that launched last July, which combined to more than $1 billion in first-day trading activity. Among those, a converted Ethereum ETF trust accounted for $458 million, while an Ether ETF from a major investment company logged about $249 million. Additionally, Bitwise reported $94.3 million in trading volume for its spot Ether ETF, well above the performance of its new Solana staking ETF.
The growing interest in altcoin ETFs with staking features reflects a broader shift on Wall Street toward crypto investments beyond Bitcoin and Ether.
For reference, staking involves users locking up their cryptocurrency to help validate blockchain transactions, earning rewards in return.
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