Solana ETF Soars, Day 2 Blows Expectations!

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Bitwise’s Solana ETF sprinted into 2025 like a caffeinated squirrel, leaving a trail of confused investors in its wake. Day two trading skyrocketed past launch levels, as if the ETF had a personal vendetta against the concept of “moderation” 🐿️🚀.

Solana ETF Tops 2025 Debuts-Day 2 Outperforms Day 1 by a Margin That Would Make a Magician Jealous 🎩🐇

Investor enthusiasm for crypto funds accelerated this week as Bitwise Asset Management’s Solana-focused ETF extended its lead as the strongest exchange-traded fund debut of 2025. The Bitwise Solana Staking ETF (NYSE Arca: BSOL) saw even higher trading activity on its second day than its first, as if the ETF had developed a sudden obsession with overachieving. The fund seeks to stake all of its assets and has temporarily waived its management fee for early participants. 🤯💸

Bloomberg ETF analyst Eric Balchunas said the Bitwise Solana Staking ETF recorded the highest first-day trading volume of any ETF launch this year, stating on social media platform X:

BSOL’s $56m is the MOST of any launch this year.

🎉💸

The analyst highlighted that BSOL’s first-day trading volume outpaced the REX-Osprey XRP ETF (XRPR), REX-Osprey SOL + Staking ETF (SSK), Dan Ives Wedbush AI Revolution ETF (IVES), and T-REX 2X Long BMNR Daily Target ETF (BMNU). He further shared that the ETF “was seeded with $220m,” asserting: “It could have invested seed on Day One, which would have resulted in $280m-ish, would be even more than ETHA’s debut. Strong start either way.” ETHA is Blackrock’s Ishares Ethereum Trust ETF. 🧠📈

The Solana X account, run by the Solana Foundation, posted on Oct. 28 that the Bitwise Solana ETF was “#1 in trading volume across all ~850 ETF debuts in 2025,” setting a record on the New York Stock Exchange. The Solana Foundation, ever the show-off, probably added a sparkle emoji to that post. ✨📈

Bitwise reported end-of-day figures for the second day of trading of its Solana Staking ETF on X, stating that it is the largest spot Solana ETF. As of 4 p.m., BSOL recorded $72 million in trading volume and holds $282 million in assets under management. The ETF targets 100% of assets staked and charges a 0.20% management fee, which is waived for the first three months on the first $1 billion in assets. All staking rewards will be passed through to investors with no fee during the same period. 🧾💰

After the second day’s trading, Balchunas noted:

BSOL did more volume on Day Two. $72m is a huge number. Good sign.

📊👍

Teddy Fusaro, president of Bitwise, emphasized the fund’s significance, stating: “The highest volume ETF launch of 2024 was bitcoin ETF. The highest volume ETF launch of 2025 was Solana ETF (BSOL).” Bitwise CEO Hunter Horsley echoed that sentiment, noting: “We built BSOL to be a high-quality product for investors: a low fee of 0.20% (waived to 0% for now) and 100% of SOL staked with technology from Helius. Thrilled to play our part in expanding access and beginning the work of bringing Solana to more mainstream investors. Onward.” 🚀

Coinbase Institutional confirmed it serves as the exclusive custodian for BSOL through Coinbase Prime, highlighting its compliance-focused custody framework. Analysts say Solana’s strong staking economics and the ETF’s transparent structure could continue to attract institutional inflows throughout 2025. 🏦📈

FAQ ⏰

  • Why is the Bitwise Solana ETF (BSOL) generating so much investor interest?
    BSOL offers full asset staking, zero initial management fees, and record-setting trading volume, making it a standout in the 2025 ETF landscape. 🦄💸
  • How does BSOL compare to other recent ETF launches?
    BSOL outpaced all other 2025 ETF debuts in trading volume, including crypto and AI-related funds, signaling a historic launch performance. 🏆📉
  • What advantages does staking SOL through BSOL offer investors?
    The ETF stakes 100% of its assets, providing investors with yield opportunities directly tied to Solana’s robust staking economics. 🧾💰
  • Who is the custodian for the BSOL ETF?
    Coinbase Institutional acts as the exclusive custodian through Coinbase Prime, ensuring secure and compliant asset management. 🏦🔒

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2025-10-30 05:58