Here’s how U.S. Solana ETF performed on the first day

The launch of the Bitwise Solana Staking ETF (BSOL) marked a standout debut in the ￰1￱ ETF market on ￰2￱ to Eric Balchunas of Bloomberg Intelligence, BSOL generated around $56 million in first-day trading volume, making it the most active newly launched ETF of 2025, he said in an X post on October ￰3￱ fund was seeded with roughly $220 million; had the entire amount been deployed, trading volume could have approached $280 million, surpassing the debut of the Ethereum-based ￰4￱ tally of Day One trading.. $BSOL : $56m $HBR : $8m $LTCC : $1m I can't believe how close I ￰5￱ sixth sense for the ￰6￱ there was a @Polymarket for this I'd be rich. ￰0￱ — Eric Balchunas (@EricBalchunas) October 28, 2025 Alongside the strong volume, BSOL attracted about $222.8 million in assets on its first ￰7￱ described the launch as “unusually large for a crypto ETF debut,” noting that such flows suggest institutional investors are growing more comfortable with staking exposure.

Notably, the fund offers exposure to Solana ( SOL ) and provides an estimated 7% annual yield derived from staking rewards on the Solana ￰8￱ is also notable as the first U. S.-approved ETF tied to ￰9￱ other ETFs launched on the same day, the HBR ( Hedera spot ETF) and LTCC ( Litecoin spot ETF), recorded significantly lower first-day trading volumes of about $8 million and $1 million, ￰10￱ price analysis Meanwhile, despite BSOL’s strong debut, Solana’s price slipped nearly 3% over the past 24 hours to around $195 at press time, though it remains up 6% on the ￰11￱ suggest the decline may reflect a long squeeze between holders and leveraged traders, a bearish sign that the ETF’s success hasn’t yet lifted broader market sentiment.

Still, if institutional inflows persist, Solana could reclaim the $200 level, opening the path toward a potential move to $250. Featured image via Shutterstock