‘Huge number’: Bitwise’s Solana ETF crosses $70 million in volume on second day

The Bitwise Solana Staking ETF (ticker BSOL), the first U.S. ETF with 100% direct Solana exposure, generated $72.4 million in trading volume on its second day, surpassing its already massive $56 million debut volume, which was the highest among nearly 850 ETF launches this year. Bloomberg analyst Eric Balchunas called the $72 million figure a "huge number." Other Solana ETFs also saw activity, with Grayscale's GSOL doing about $4 million and REX Osprey's SSK adding $18 million on Wednesday. Canary's Litecoin and HBAR ETFs saw volumes similar to Tuesday's performance. BSOL also attracted $69.5 million in first-day inflows, bringing its total assets to nearly $292 million. This strong performance comes as over 150 crypto ETP proposals tracking 35 assets await review by the SEC, which recently updated guidance following a government shutdown to streamline the registration process for new offerings.

(Source：The Block)