Bitwise’s spot Solana ETF sees $69.5M first-day inflows

Bitwise's staking-focused ETF highlights Solana's growing role in mainstream finance and competition among spot digital asset products.

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.

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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.

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