Bitwise Solana Staking ETF Debuts with $55.4M Volume
Bitwise’s Solana Staking ETF launched on October 29, 2025, with a debut trading volume of $55.4 million ― the largest crypto ETF launch of 2025. It attracted $223 million in assets before trading, highlighting robust institutional demand for staking-based crypto ETFs. In the first 30 minutes, BSOL traded $10 million, outperforming Canary Capital’s Hedera (HBAR) and Litecoin (LTC) ETFs, which saw $4 million and $0.4 million respectively. Over the full first trading day, Canary’s HBAR and LTC ETFs recorded $8 million and $1 million in volume, both falling short of expectations. Despite topping analyst forecasts, Bitwise’s debut volume still trails the $1.08 billion posted by nine spot Ether ETF launches in July. This strong performance underlines the growing confidence in diversified altcoin ETFs and positions staking rewards as a key driver for future inflows into the crypto ETF market.
Bullish
The strong debut of Bitwise’s Solana Staking ETF, marked by a record $55.4 million trading volume and substantial pre-launch inflows, signals growing institutional appetite for SOL exposure. Outperforming rival altcoin ETFs in early trading suggests heightened demand and improved liquidity, factors that typically support upward price momentum. While debut volumes remain below Ether ETF levels, the growing acceptance of staking-based ETFs could drive sustained buying interest in SOL, fostering both short-term bullish momentum and a positive long-term outlook.