Bitwise Solana staking ETF records $10M in trading volume in first 30 minutes
Key Takeaways
- The Bitwise Solana staking ETF reached $10 million in trading volume within its first 30 minutes.
- Bitwise's Solana product showed stronger initial demand than other crypto ETFs.
Bitwise’s Solana staking ETF (BSOL) opened to strong demand on Tuesday, with $10 million in trading volume in its first 30 minutes, Bloomberg ETF analyst Eric Balchunas reported .
In comparison, Canary’s HBAR ETF (HBR) and Litecoin ETF (LTCC) posted $4 million and $400,000 during the same window.
The early trading activity suggests varying levels of investor interest in the new crypto-focused exchange-traded funds, with Bitwise’s Solana product seeing the strongest initial demand among the three new offerings.
The launch follows the recent approvals of various crypto ETFs, despite limited operational capacity due to the government shutdown.
Grayscale’s Solana Trust is expected to convert into an ETF tomorrow.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: Major Ethereum Holders Amass $898M While Solana Investors Spread $93M, Underscoring Market Differences
- Ethereum whales accumulated $898M in ETH since October, contrasting Solana's $93M outflows to Binance, signaling diverging institutional interest. - Bitcoin whales profited $6.6M from short positions, reflecting volatile crypto markets amid macroeconomic uncertainty and ETF outflows. - Ethereum's 6% price surge and whale repurchases suggest renewed institutional confidence, driven by smart contract adoption and upcoming Fusaka upgrades. - Analysts highlight Ethereum's superior liquidity and infrastructur
Solana News Today: Data Indicates That FOMO-Induced Crypto Purchases Frequently Lead to More Significant Market Declines
- Santiment warns crypto retail "buy the dip" FOMO often precedes deeper downturns, as historical patterns show optimism peaks before sharp corrections. - Bitcoin struggles below key support while Solana rebounds above $178, but TVL growth and liquidity-driven bounces remain fragile indicators. - MegaETH's $450M ICO surge highlights speculative risks, contrasting with durable bottoms that emerge when panic replaces optimism. - Market analysis emphasizes ideal buying windows occur post-capitulation, as seen
New Cryptocurrency Funds Drive Major Market Shift on Wall Street
In Brief Three new cryptocurrency ETFs debuted on Wall Street with $65 million trading volume. Bitwise's Solana Staking ETF led, benefiting from a zero-fee launch period. Over 150 crypto ETF applications are pending, indicating growing institutional interest.
Ethereum News Update: Crypto’s Political Bet: Trump’s Clemency and $263M in Lobbying Fuel Regulatory Ambiguity
- Ethereum led $522M in crypto liquidations as ETF inflows ($246M) surpassed Bitcoin for first time, signaling institutional adoption shifts. - Crypto groups spent $263M lobbying 2026 U.S. elections, doubling 2024 efforts, while Trump's Binance pardon boosted XRP, ETH, and BTC prices. - Trump Organization's crypto income surged 17-fold to $864M via token sales, raising ethical concerns amid UK money laundering probes into linked partners. - CLARITY Act faces 20% passage chance by 2026 deadline despite clos
Trending news
MoreCrypto prices
More
