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The Bitwise spot Solana ETF (trade traded fund) debuted yesterday with the very best first-day buying and selling quantity of any ETF in 2025.
Bitwise’s Solana Staking ETF (BSOL) recorded $56 million in debut buying and selling, outpacing the launches of REX Osprey’s XRP and Solana staking ETFs.
Bloomberg ETF analyst Eric Balchunas famous in a put up on X that BSOL’s volumes may have reached round $280 million if the fund’s complete seed capital had been invested on the primary day, surpassing even the first-day exercise of BlackRock’s spot Ethereum ETF (ETHA) final yr.
$BSOL‘s $56m is the MOST of any launch this yr.. Greater than $XRPR, $SSK, Ives and $BMNU. And what’s superb is it seeded with $220m. It may have invested seed on Day One, which might have resulted in $280m-ish, can be much more than $ETHA‘s debut. Sturdy begin both method.
— Eric Balchunas (@EricBalchunas) October 28, 2025
The sturdy begin underscores how institutional curiosity in digital property is broadening past market leaders Bitcoin and Ethereum. BSOL had already attracted $223 million in property forward of its launch, highlighting rising confidence in smaller-cap crypto merchandise.
BSOL additionally posted extra first-day buying and selling exercise than the Canary Capital Litecoin and Hedera ETFs, which additionally launched yesterday. Canary’s Hedera (HBAR) ETF recorded $8 million in debut buying and selling exercise with its Litecoin ETF recording solely $1 million.
Regardless of the sturdy begin, BSOL’s exercise was unable to spice up the worth of Solana. Amid a broader market pullback within the final 24 hours, SOL retraced over 2% to commerce at $195.22 as of 1:35 a.m. EST.
SOLANA ETF RECORDS IMPRESSIVE FIRST-DAY FLOWS🚨
✓ Bitwise $BSOL data $69.45M inflows on day one, reaching $289M AUM.
✓ In the meantime, $HBAR and $LTC ETFs noticed zero inflows on debut.$SOL continues to separate itself from the pack! 🔥 pic.twitter.com/jjKTh3mU7T— Smart Recommendation (@wiseadvicesumit) October 29, 2025
Spot Ethereum ETFs Nonetheless Maintain The Lead
BSOL’s volumes on its debut had been nonetheless solely a fraction of the $1.08 billion exercise seen throughout the 9 spot Ethereum ETFs that launched final yr.
Most of that quantity was outflows from Grayscale’s transformed Ethereum Belief, which accounted for $458 million of the exercise on the day. In the meantime, BlackRock’s iShares Ethereum Belief ETF (ETHA) pulled in $248.7 million on its first day.
Bitwise’s spot Ethereum ETF additionally noticed $94.3 million when it launched.
US spot Ethereum ETFs posted $202.4 million in web each day inflows yesterday, in keeping with information from Farside Buyers.
BSOL And Different Crypto ETF Listings Caught Analysts By Shock
BSOL’s first day of buying and selling got here after the New York Inventory Change (NYSE) posted itemizing notices for the fund and different crypto spot ETFs on Monday.
The timing of the listings had caught analysts abruptly, provided that the US Securities and Change Fee (SEC) had signaled that it could not approve new merchandise whereas it operates underneath decreased employees amid the continuing authorities shutdown.
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