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Bitwise Solana's ETF-backed trading volume exceeded $72 million on its second day, surpassing expectations.
2025-10-29 23:11

According to Odaily, Bitwise's Solana pledged ETF (ticker symbol BSOL) saw a record-breaking $72.4 million in trading volume on its first day, following a $56 million initial listing. This makes it the best-performing ETF among nearly 850 new ETFs launched this year. Bloomberg senior ETF analyst Eric Balchunas called this an "amazing number," indicating that market enthusiasm has exceeded expectations.

BSOL saw an inflow of approximately $69.5 million on its first day, bringing its total assets to nearly $292 million. Meanwhile, Canary's Litecoin ETF (LTCC) and HBAR ETF (HBR) saw trading volumes of approximately $8 million and $1 million respectively on their second day, while Grayscale's Solana Staking ETF (GSOL) saw trading of approximately $4 million.

Currently, there are still more than 150 ETP applications tracking 35 crypto assets awaiting SEC approval in the US market, with Solana and Bitcoin-related products being the most numerous.