Bitwise Solana Staking ETF Achieves $55 Million in Trading Volume on Launch Day

Asset manager Bitwise reports that its Solana staking exchange-traded fund achieved $55.4 million in trading volume on its inaugural trading day on Tuesday, coinciding with the introduction of two additional altcoin ETFs from Canary Capital.

The trading volumes for the Bitwise Solana Staking ETF (BSOL) were the highest among all crypto ETFs launched in 2025, according to Bloomberg ETF analyst Eric Balchunas stated on Tuesday, surpassing the launches of XRP (XRP) and Solana (SOL) staking ETFs from REX Osprey.

BSOL attracted approximately $223 million in assets before launch, which Balchunas indicated reflected growing institutional interest and confidence in staking, where users earn rewards by locking up cryptocurrency on the blockchain to validate transactions.

Wall Street’s interest in crypto has widened beyond prominent players Bitcoin (BTC) and Ether (ETH) as asset managers are now looking to launch exchange-traded products linked to more volatile cryptocurrencies or those that feature innovative mechanisms like staking.

BSOL exceeds expectations

BSOL’s $55.4 million in trading volume exceeded Balchunas’ pre-launch estimate of $52 million, while the Canary Capital HBAR ETF (HBR) concluded its first trading day with $8 million, aligning with the analyst’s prediction.

The Canary Capital Litecoin ETF (LTCC) recorded $1 million, falling short of Balchunas’ forecast of $7 million.