Bitwise Solana ETF BSOL Shows Strong Volumes, Hinting at Sustained Crypto Interest

• BSOL’s second-day volume of $72.4 million surpassed its opening day, signaling sustained demand for Solana exposure.

• Other crypto ETFs like Canary Litecoin ETF (LTCC) and Canary HBAR ETF (HBR) maintained steady volumes post-launch, bucking typical trends.

• Inflows reached $69.5 million on day one and $46.5 million on day two for BSOL, per Farside data, while combined Solana ETF volumes hit $1.82 billion.

Discover the Bitwise Solana Staking ETF’s record-breaking volumes and what it means for crypto investors. Explore expert insights on Solana’s ETF momentum—stay ahead in the evolving blockchain market today!

What is the performance of the Bitwise Solana Staking ETF?

The Bitwise Solana Staking ETF (BSOL) has demonstrated exceptional market reception since its launch as the first U.S. product providing direct exposure to Solana. On its debut, it recorded $56 million in trading volume, followed by an impressive $72.4 million on the second trading day of October 29, 2025. This surge underscores the strong appeal of Solana’s high-revenue blockchain to institutional investors seeking staking rewards through ETFs.

How are other Solana-linked ETFs performing?

The enthusiasm extends beyond BSOL to other Solana-related exchange-traded products. Grayscale’s converted Solana staking ETF (GSOL) debuted with about $4 million in volume, while the REX Osprey SOL Staking ETF (SSK) contributed around $18 million mid-week. According to data from Bloomberg Senior ETF Analyst Eric Balchunas, these figures reflect unusual post-launch stability. For context, most new ETFs experience a sharp drop in activity after their first day, but Solana products are defying this pattern. Balchunas noted on X that BSOL’s $72 million on day two is a “huge number” and a positive indicator. Similarly, inflows for BSOL stood at $69.5 million initially and $46.5 million the next day, as reported by Farside Investors. This collective activity pushed combined daily spot Solana ETF volumes to $1.82 billion by October 29, 2025, led by the REX-Osprey offering. Expert commentary from Kyle Samani, Managing Partner at Multicoin Capital, emphasized this as a “watershed moment,” highlighting the influx of capital now accessible to Solana that was previously unavailable.

The first U.S. investment product offering full direct exposure to Solana [SOL] is showing no signs of cooling off. After a record-setting debut, the Bitwise Solana Staking ETF (BSOL) delivered an even stronger performance in its second trading session, posting $72.4 million in volume on the 29th of October. That builds on its $56 million opening day, the highest first-day turnover among nearly 850 ETF launches so far this year.

Execs weigh in

Bloomberg Senior ETF Analyst Eric Balchunas shared in a post on X, “$BSOL did more volume on Day Two.. $72m is a huge number. Good sign.”

Echoing similar sentiments, Kyle Samani, Managing Partner at investment firm Multicoin Capital, added, “Truly a watershed moment. The amount of available capital that can now buy SOL that could not previously is tremendous.”

That being said, the momentum around Solana-linked exchange-traded products is not limited to Bitwise alone. Data showed that other recently launched crypto ETFs were also seeing steady activity.

Other crypto ETF activity

Balchunas further noted that the Canary Litecoin ETF (LTCC) and Canary HBAR ETF (HBR) held volumes near $8 million and $1 million, respectively. Most ETFs usually see sharp post-launch declines, making these steady figures noteworthy.

Meanwhile, Bitwise’s BSOL ETF continued to lead the pack, recording roughly $69.5 million in first-day inflows and followed by $46.5 million on the 29th of October, according to Farside.

Seeing this, Matt Hougan, CIO of crypto index fund manager Bitwise Invest, also tweeted, “I have a feeling the Bitwise Solana Staking ETF, BSOL, is gonna be huge. Institutional investors love ETFs, and they love revenue. Solana has the most revenue of any blockchain. Therefore, institutional investors love Solana ETFs.”

Grayscale’s newly converted Solana staking ETF (GSOL) also entered the market with approximately $4 million in volume, while the REX Osprey SOL Staking ETF (SSK) added around $18 million mid-week.

Market sentiments and more

Despite the excitement around the new ETFs, market sentiment isn’t fully aligned with the bullish narrative.

On the predictions platform Myriad, traders were assigning only a 32.7% probability that Solana will set a new all-time high before the year ends.

Meanwhile, SOL saw mild volatility, sliding 3.1% in the last 24 hours to around $194 as Bitcoin [BTC] also cooled from recent highs. However, at press time, Solana recovered slightly to $195.53, up 0.41% according to CoinMarketCap.

Still, the bigger picture looks far from quiet; the combined daily Spot Solana ETF volume, led by the REX-Osprey SOL ETF, has already reached $1.82 billion as of the 29th of October.

Source: The Block

Frequently Asked Questions

What factors are driving the Bitwise Solana Staking ETF’s high trading volumes?

The Bitwise Solana Staking ETF’s volumes are propelled by Solana’s position as the highest-revenue blockchain, attracting institutional investors who favor ETFs for easy access to staking yields. With $72.4 million traded on day two, it outperformed 850 other 2025 launches, as per Bloomberg data, reflecting broad market confidence in Solana’s ecosystem growth.

Will Solana ETFs continue to see strong inflows in the coming months?

Solana ETFs like BSOL and GSOL are poised for continued interest due to sustained volumes in peers such as LTCC and HBR, which rarely maintain post-debut activity. Experts from Multicoin Capital predict significant capital inflows, though market volatility tied to Bitcoin could influence short-term trends—overall, the $1.82 billion combined volume suggests lasting momentum.

Key Takeaways

• Record Volumes for BSOL: The ETF hit $56 million on launch and $72.4 million the next day, topping all 2025 debuts and indicating robust demand for Solana staking.
• Sustained Activity in Crypto ETFs: Products like Canary LTCC ($8 million) and HBR ($1 million) show unusual stability, with total Solana ETF volumes reaching $1.82 billion.
• Expert Optimism Amid Caution: While quotes from Balchunas and Hougan highlight institutional appeal, Myriad traders give only 32.7% odds for SOL’s new all-time high by year-end—monitor volatility for investment decisions.

Conclusion

The Bitwise Solana Staking ETF (BSOL) and related Solana-linked ETFs are reshaping crypto investment access, with unprecedented volumes and expert endorsements from figures like Eric Balchunas and Matt Hougan signaling a maturing market. As Solana navigates mild price fluctuations around $195, these products offer a gateway for institutional capital. Investors should track ongoing inflows and blockchain revenues to capitalize on this evolving landscape.