- The staking-ready Solana ETF (BSOL) launched with record sales of $55.4 million on its first day.
- This made the BSOL ETF the most successful crypto ETF launch of 2025 so far.
The three asset managers Bitwise, Canary Capital and Grayscale, launched the first US ETFs for Solana, Litecoin and Hedera. The Solana Staking ETF (BSOL) recorded an impressive trading volume of $55.4 million on its first day.
Record-breaking start for Bitwise
Eric Balchunas, ETF analyst at Bloomberg, has shown the massive appetite of institutional investors via his platform x.
Final tally of Day One trading.. $BSOL: $56m$HBR: $8m$LTCC: $1m
I can’t believe how close I came. ETF sixth sense for the win. Wish there was a @Polymarket for this I’d be rich. https://t.co/TODOk13WUt— Eric Balchunas (@EricBalchunas) October 28, 2025
The XRPR ETF (from REX Shares/Osprey Funds) tied to
The exchange-traded fund attracted around $223 million in assets under management before its official launch.
Institutional interest in staking is growing
Bitwise’s BSOL ETF stands out because it offers 100% Solana exposure with built-in staking rewards. This is a unique feature of US crypto ETFs. The structure lets investors indirectly benefit from Solana’s staking yield, which is typically achieved by validating transactions on the network, without having to directly manage tokens.
Bloomberg’s Eric Balchunas commented:
“BSOL reflects institutions’ growing confidence in staking as a legitimate source of crypto returns.”
Altcoin ETFs are coming into the spotlight
Although BSOL’s initial trading volume falls short of the $1.08 billion generated by the nine Ether ETFs launched in July, it remains an impressive milestone for altcoin-focused funds. Much of the Ether ETF volume comes from rebalancing, including $458 million in outflows from Grayscale’s Ethereum Trust and strong $248.7 million inflows into BlackRock’s iShares Ethereum Trust.
Still, BSOL’s initial momentum suggests that investor demand is increasing beyond the crypto market’s two main assets.
Balchunas summarized:
“We see Wall Street’s appetite for staking and alternative Layer 1 ecosystems expanding, a sign that crypto ETFs are entering their next phase of growth.”
The record debut of the Solana Staking ETF signals a new era in which staking-backed products could become the cornerstone of institutional crypto engagement.
Market reaction and daily balance
As noted, the launch coincided with the launch of Canary Capital’s Hedera (HBR) and Litecoin (LTCC) ETFs, which had $8 and $1 million in first-day sales, respectively – less than the Solana Staked ETF.
At the time of going to press, SOL is for 196,69 Dollar traded, and the price was in the previous 24 hours fell by 1.7 percent.
Aalso LTC and HBAR fell by 2.9 and 4.46 percent, respectively, in the last 24 hours.
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