Bitwise Solana Staking ETF notches $55M buying and selling quantity on debut

Asset supervisor Bitwise says its Solana staking exchange-traded fund has tallied $55.4 million in buying and selling quantity on its debut buying and selling day on Tuesday, alongside the launch of two different altcoin ETFs from Canary Capital.

The buying and selling volumes on the Bitwise Solana Staking ETF (BSOL) have been the most important out of all crypto ETFs launched in 2025, Bloomberg ETF analyst Eric Balchunas stated on Tuesday, beating out the launches of XRP (XRP) and Solana (SOL) staking ETFs from REX Osprey.

BSOL attracted round $223 million in belongings previous to launch, which Balchunas stated signaled rising institutional engagement and confidence in being uncovered to staking, rewards for many who lock up cryptocurrency on the blockchain to validate transactions.

Wall Avenue’s urge for food for crypto has expanded past market leaders Bitcoin (BTC) and Ether (ETH) as asset managers now eye launching exchange-traded merchandise tied to riskier cryptocurrencies or that includes novel mechanisms comparable to staking.

BSOL beats predictions

BSOL’s $55.4 million buying and selling quantity surpassed Balchunas’ pre-launch estimate of $52 million, whereas the Canary Capital HBAR ETF (HBR) closed its debut buying and selling day at $8 million, additionally matching the analyst’s prediction.

The Canary Capital Litecoin ETF (LTCC) noticed $1 million, beneath Balchunas’ estimate of $7 million.