Bitwise's Solana ETF Trading Volume Growth Impresses Investors
Date: 2025-10-31 Author: Henry Casey Categories: CRYPTO PAYMENTS
Last week, the cryptocurrency market saw historic launches of the first-ever spot ETFs for Solana, Litecoin, and Hedera. The BSOL fund, a Solana-focused staking fund, generated the most interest. On its debut day, trading volume reached $56 million, significantly exceeding similar products HBR ($8 million) and LTCC ($1 million). By the second day, volume had increased to $72 million, and assets under management reached $282 million.
Eric Balchunas, senior ETF analyst at Bloomberg, noted on social media that these figures are a very positive sign for the market. The main advantage of the new fund is the opportunity for institutional investors to earn staking income, previously available only to retail crypto investors. A yield of approximately 7% on large investments makes Solana ETFs particularly attractive to banks and large funds seeking to enter this segment.
According to Bloomberg, there are currently over 150 ETPs tracking 35 different digital assets. Funds based on SOL and BTC lead the way, followed by XRP and Ethereum. At the time of writing, Solana was trading at $187, down 5.5% in 24 hours, with a weekly gain of 1.9%.
New crypto ETFs offer additional opportunities for portfolio diversification and attract institutional investors to the digital asset market. Their launch will increase liquidity and popularize blockchain-based products, expanding the pool of potential market participants.
The launch of BSOL also highlights the trend toward creating financial instruments that combine traditional investment strategies with cryptocurrency technologies. Institutional investors can now include cryptocurrency assets in their portfolios without directly owning the coins, minimizing operational risks and maintaining the opportunity to earn income from staking.
Analysts note that the emergence of such ETFs stimulates competition among cryptocurrency product providers and promotes greater transparency in the market. At the same time, the high volatility of cryptocurrencies remains a risk factor for investors, so investment decisions require careful evaluation and professional advice.
With the launch of Bitwise's Solana ETF, the market has a tool that can attract new investor segments and strengthen SOL's position among large-cap digital assets. This is an important step toward integrating cryptocurrencies into traditional financial portfolios and expanding institutional investment opportunities in the blockchain ecosystem.
