Bitwise Solana (SOL) ETF records $65 million in trading volume on debut… highest this year
Summary
- Bitwise's Solana (SOL) ETF recorded $65 million in trading volume on its first day.
- It said this was the highest trading volume among newly listed ETFs this year.
- This performance shows that institutional investors' interest in altcoin-based ETFs and staking-type crypto asset ETFs is rapidly expanding.
Bitwise's Solana (SOL) staking exchange-traded fund (ETF) 'BSOL' recorded $65 million in trading volume on its first day of listing. This is regarded as the highest first-day performance among newly listed ETFs this year.
On the 28th (local time), according to crypto-focused media The Block, Bitwise's BSOL ETF recorded a total trading volume of $65 million on its first day of listing, exceeding market expectations.
Bloomberg ETF analyst Eric Balchunas said, "BSOL's trading volume is much higher than the average first-day trading volume of new ETFs," adding, "it is one of the most successful debuts among all ETFs listed this year."
This result shows that institutional investors' interest in altcoin-based ETF products is rapidly expanding. The market sees the strong initial inflows into the Solana ETF as a potential catalyst for the future spread of staking-type crypto asset ETFs.
JH Kim
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