21Shares files HYPE ETF, Bitwise Solana ETF sees ‘huge number’ on day 2

Asset manager 21Shares has filed for a Hyperliquid ETF (HYPE) with the SEC, naming Coinbase Custody and BitGo Trust as custodians, following a similar filing by Bitwise last month. This move signals growing Wall Street interest in ETFs tracking alternative cryptocurrencies like Hyperliquid, whose token is used for fee discounts on its decentralized exchange. Concurrently, the Bitwise Solana Staking ETF (BSOL) recorded over $72 million in trading volume on its second day, which Bloomberg analyst Eric Balchunas called a "huge number" and a positive sign, especially since trading volume typically drops after the initial hype. BSOL debuted alongside other new ETFs, pulling in $55.4 million on day one, the largest debut for a 2025 crypto ETF. Grayscale also launched its rival Solana staking ETF (GSOL) on Wednesday, which saw a debut volume of $4 million, significantly less than BSOL's performance.

(Source：Cointelegraph)