After trading at $56 million on its first day, Bitwise's Solana Staked ETF (code BSOL) hit a new high of $72.40 million the next day, making it the strongest performer among the nearly 850 new ETFs launched this year. Eric Balchunas, senior ETF analyst at Bloomberg, called it a "staggering number" that showed the market was hotter than expected.
BSOL saw inflows of about $69.50 million on the first day, bringing total assets close to $292 million. Meanwhile, Canary's Litecoin ETF (LTCC) and HBAR ETF (HBR) traded for about $8 million and $1 million respectively, and Grayscale's Solana Pledged ETF (GSOL) sold for about $4 million.
At present, there are still more than 150 ETP applications tracking 35 cryptoassets awaiting SEC approval in the US market, the majority of which are Solana and bitcoin-related products.
Bitwise Solana pledged ETF next day turnover exceeded 72 million dollars, momentum exceeded expectations
2025-10-29 22:15:05
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