Bitwise's spot Solana ETF sees $69.5M first-day inflows
Key Takeaways
- Bitwise launched the first US spot Solana ETF (BSOL), focusing on staking through Helius-powered solutions.
- The fund, BSOL, saw $69.5 million in inflows on its first day of trading.
Bitwise Asset Management, a crypto asset manager specializing in index funds and exchange-traded products for the digital asset market, recorded $69.5 million in first-day inflows for its spot Solana ETF today.
The Bitwise Solana Staking ETF (BSOL) was introduced as the first US exchange-traded product offering full direct exposure to spot SOL while targeting complete staking of its holdings through in-house solutions powered by Helius technology.
Bitwise collaborated with Helius to enhance the staking capabilities of BSOL, emphasizing high-performance technology to support onchain operations. The ETF competes with SSK, another spot Solana ETF that debuted earlier as an investment vehicle for Solana exposure.
BSOL’s debut represents a significant moment for Solana, a high-performance blockchain network known for its staking rewards mechanism and growing ecosystem adoption.
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.
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