Bitwise Solana ETF Launches with $69.45 Million Inflows as Analysts Eye $189 SOL Support

The first ￰0￱ spot exchange-traded fund (ETF) recorded a strong debut, signaling rising institutional interest in Solana’s blockchain ￰1￱ Bitwise Solana Staking ETF, trading under the ticker BSOL, launched on October 28 and attracted $69.45 million in net inflows on its first trading ￰2￱ its listing, the ETF’s total net assets rose to $289 million, marking a significant milestone for Solana’s entry into mainstream financial ￰3￱ fund now represents 0.27% of Solana’s total market capitalization, indicating an early yet promising ￰4￱ Appetite Builds for Solana Exposure Institutional investors are increasingly drawn to Solana’s on-chain revenue ￰5￱ Hougan, Chief Investment Officer at Bitwise, said the launch reflected strong demand from professional investors who value both blockchain yield and ETF ￰6￱ emphasized that Solana’s revenue generation ranks among the highest in the sector, making it a prime target for institutional allocation.

Consequently, the BSOL fund could become one of the fastest-growing digital asset ETFs in 2025. Additionally, Bloomberg ETF analyst James Seyffart confirmed that Grayscale’s GSOL ETF has also received regulatory approval and will begin trading ￰7￱ rapid succession of Solana-based ETF listings highlights a shift in investor sentiment toward diversified crypto exposure beyond Bitcoin and ￰8￱ contrast, the newly listed Canary HBAR and Canary Litecoin ETFs saw no inflows or outflows on their debut, underscoring Solana’s dominant institutional ￰9￱ Price Holds Near Support as Analysts Watch $189 Despite the ETF excitement, Solana (SOL) experienced a mild pullback, trading around $194.37 with a 3.8% daily decline but maintaining a 5% weekly ￰10￱ market capitalization now stands near $106.8 billion, supported by a circulating supply of 550 million SOL.