NewsBTC
Oct 29, 2025
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Bitwise Solana Staking ETF Launches with $56 Million First Day Volume

Bitwise Asset Manager recently launched the Solana Staking ETF (BSOL), which has seen significant initial investor interest.

  • Bitwise's CIO, Matt Hougan, believes Solana is a top investment opportunity due to its high blockchain revenue.
  • The Bitwise Solana Staking ETF aims to attract institutional investors who favor ETFs and revenue-generating assets.
  • Eric Balchunas predicted that BSOL's first-day trading volume could exceed $50 million. It reached $56 million, the highest for any launch this year.

The launch occurred despite a US government shutdown, with filings allowing ETFs to start trading on October 28.

  • The Securities and Exchange Commission (SEC) plans to approve numerous altcoin ETFs between October and November.
  • Eleanor Terret explained that the ETFs were able to proceed as 8-A filings are crucial for registration under the Securities Exchange Act of 1934.

Solana, sol, solusdt

Following NYSE certification, the ETFs began trading, and Grayscale’s Solana Trust will convert into an ETF soon.