Bitwise Solana Staking ETF Don Debut wit $55.4M Volume
Bitwise launch dia Solana Staking ETF on 29 October 2025, wit debut trading volume of $55.4 million ― di largest crypto ETF launch for 2025. E attract $223 million assets before e start to trade, show say institutional demand for staking-based crypto ETFs dey strong. For first 30 minutes, BSOL trade $10 million, pass Canary Capital’s Hedera (HBAR) and Litecoin (LTC) ETFs wey dem trade $4 million and $0.4 million respectivly. For whole first trading day, Canary’s HBAR and LTC ETFs record $8 million and $1 million in volume, both no meet the expectation. Though e top analyst forecast, Bitwise debut volume still dey behind di $1.08 billion wey nine spot Ether ETF launches do for July. Dis strong performance dey show say people dey trust diversified altcoin ETFs more and staking rewards na major driver for future money to enter di crypto ETF market.
Bullish
Di strong debut wey Bitwise Solana Staking ETF make, weh record $55.4 million trade volume plus big pre-launch inflows show say institutional people dey find SOL plenty. E outdo other altcoin ETFs for early trading mean say demand tight and liquidity better, things wey normally support price to go up. Although debut volume still dey small pass Ether ETF level, di beta way staking-based ETFs dey comot go fit make people still dey buy SOL steady, making short-term price go up and positive long-term view.