Bitwise Solana ETF Day 2 Volume Soars to $72.4M

Published: 2025-10-29 23:59:03 |

Bitwise’s new Solana staking ETF (BSOL) opened with $56 million in trading volume on day one and saw day two volume surge to $72.4 million, making it the highest-volume ETF among nearly 850 new launches this year. This Solana ETF outpaced competing products, including Canary’s Litecoin ETF (LTCC) at $8 million, Canary’s HBAR ETF (HBR) at $1 million, Grayscale’s Solana ETF (GSOL) at $4 million, and REX Osprey’s Solana ETF (SSK) at $18 million on day two. The strong ETF trading volume underscores robust investor demand for regulated staking ETFs and highlights growing momentum in the Solana ecosystem. Traders should monitor BSOL as a key indicator of market appetite for SOL exposure and staking ETF innovation.

Bullish

The rapid rise in BSOL’s trading volume—from $56 million on debut to $72.4 million on day two—outpacing other Solana and crypto ETFs signals strong market demand for regulated staking products. High trading volumes typically reflect bullish sentiment and increased liquidity, likely boosting SOL’s short-term momentum. In the long term, sustained investor interest in Solana ETF structures could support broader ecosystem growth and reinforce a positive outlook for SOL price stability.