October 29, 2025, 5:47PM
Big news: #SolanaETF does very well in its first days
A new investment fund called the Bitwise Solana Staking ETF (BSOL) has become very popular. It lets people invest directly in Solana (SOL) through the stock market — without buying crypto themselves.
On its second day, BSOL had $72.4 million in trading.
On the first day, it already made $56 million, which was the highest among 850 new ETFs launched this year.
That’s a huge success, according to Eric Balchunas, a well-known ETF expert from Bloomberg.
Usually, ETFs trade less after the first day — but BSOL stayed strong.
BSOL also got $69.5 million of new money invested on the first day.
Now, the total money in BSOL is almost $292 million.
Other new crypto ETFs didn’t do as well:
The Canary Litecoin ETF (LTCC) had about $8 million in trading.
The Canary HBAR ETF (HBR) had around $1 million.
Meanwhile, another Solana fund from Grayscale called GSOL also turned into an ETF. It traded about $4 million — not bad, but still smaller than BSOL.
Experts say BSOL’s strong start shows that investors are very interested in Solana right now.
