The asset manager said this Solana Staking Exchange fund raised $55.4 million in trading volume on its debut trading day Tuesday, along with the launch of two other Altcoin ETFs from Canary Capital.
Trading volumes in the bitwise Solana Staking ETF (BSOL) are the largest of all crypto ETFs launched in 2025, Bloomberg ETF analyst Eric Balchunas said on Tuesday, beat the launch of XRP (XRP) and Solana (Sol) staking ETFs from Rex Osprey.
BSOL is attractive all around $ 223 million in assets Before launch, which Balchunas said signified an increase in institutional engagement and trust to be exposed to Stakingrewards for those who lock cryptocurrency into the blockchain to verify transactions.
Wall Street’s appetite for crypto expand More on Bitcoin Market Leaders (BTC) and ether (Eth) As asset managers are now launching exchange-traded products tied to riskier cryptocurrencies or featuring novel mechanisms such as staking.
The predictions of BSOL beats
Bsol’s $55.4 million The trading volume exceeded the pre-launch of Balchunas Estimate of $ 52 million, while the Canary Capital HBAR ETF (HBR) closed the debut trading day at $ 8 million, which also matches the analyst’s forecast.
Canary Capital Litecoin ETF (LTCC) saw $1 million, below Balchunas estimate of $7 million.
Ether ETFS Outshine for Altcoin Fund Debut
BSOL’s debut was, however, a fraction of the $1.08 billion in trade volume The nine-spot ETF launched last July was the first of the Altcoin funds to launch in the US.
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Most outflows from Grayscale’s converted Ethereum ETF accounted for $458 million of that tally, while BlackRock released iShares Ethereum Trust ETF raked in $248.7 million.
The ETF’s Spot Ether ETF product also saw $94.3 million, which is higher than how the Solana product fared today.
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