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Bitwise's Solana ETF Sees Over $70 Million in Trading Volume on Second Day

2025.10.30 07:56:40

On October 30th, as per The Block, the United States' first Solana spot ETF - Bitwise Solana Staking ETF (ticker BSOL) - set a new record for the highest trading volume among nearly 850 new ETFs launched this year on its first day, and its performance was even stronger on the second day. The trading volume of BSOL on Wednesday reached $72.4 million, further surpassing the record of $56 million on the first day. Bloomberg's Senior ETF Analyst Eric Balchunas wrote on the X platform, "A trading volume of $72 million is very remarkable and is a good indication." He also stated that the trading volumes of the Canary Litecoin ETF (LTCC) and the Canary HBAR ETF (HBR) were approximately comparable to those on Tuesday, which were around $8 million and $1 million respectively. Balchunas said that these figures are quite outstanding and pointed out that the trading volume of most ETFs will decline after the initial hype. In addition, Grayscale launched its Solana Staking ETF (GSOL), with a trading volume of approximately $4 million. Balchunas said, "It performed well, but obviously not as well as BSOL. Being listed just one day later had a significant impact, making the competition much more intense." The REX Osprey Solana Staking ETF (SSK) also attracted around $18 million in funds on Wednesday.
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