Bitwise spot Solana ETF draws $69.5 million on debut as new HBAR and Litecoin funds see zero flows

Bitwise's spot Solana ETF, BSOL, attracted $69.5 million in net inflows on its Tuesday debut, making it the first U.S. spot Solana ETF with 100% direct SOL exposure. Including seed capital, its total net assets reached $292.4 million. BSOL also generated $57.9 million in trading volume, the highest for any ETF launch this year. In contrast, Canary Capital's newly launched U.S. spot HBAR (HBR) and Litecoin (LTCC) ETFs saw zero net flows on their first day, despite generating trading volumes of $8.6 million and $1.4 million, respectively. Analysts note that zero flows are common on debut days as share creation/redemption only occurs with significant supply/demand imbalances. The launch of BSOL was facilitated by procedural changes allowing SEC filings to proceed during a government shutdown. Meanwhile, existing spot Bitcoin and Ethereum ETFs brought in substantial inflows on the same day.

(Source：The Block)