Bitwise SOL staking ETF debuts with $223M, signaling strong institutional demand
The Bitwise Solana Staking ETF (BSOL) debuted strongly, attracting nearly $223 million on its first day, signaling robust institutional interest.Summary
The Bitwise Solana Staking ETF (BSOL) began trading and attracted approximately $222.8 million in assets on its first day, a significant debut for a new crypto ETF, according to Bloomberg Intelligence analyst Eric Balchunas. This launch signals strong institutional appetite for staking-focused products in the US, following regulatory clarity from the SEC regarding proof-of-stake activities. BSOL provides exposure to Solana (SOL) along with an estimated 7% yield from network staking rewards. This strong performance follows the earlier launch of the REX-Osprey Solana Staking ETF (SSK) and aligns with JPMorgan's earlier projections that new SOL and XRP ETFs could draw billions in inflows, potentially outpacing early Ether ETF performance.
(Source：Cointelegraph)