Bitwise Solana ETF Sees $69.5M Inflows on First Trading Day
Bitwise’s newly launched Solana ETF (ticker: BSOL) has made a powerful market debut, attracting $69.5 million in inflows on its first day of trading. The fund became the first U.S. spot ETF offering direct exposure to Solana (SOL).
A strong start for Solana exposure in U.S. markets
The BSOL ETF recorded substantial demand on its launch day, **October 28**, according to data from **Farside** and **SoSoValue**. With a **starting capital of $222.9 million**, total net assets reached **$292.4 million** after the first trading session — a milestone that positions BSOL among the most successful ETF debuts of the year.
By comparison, Bitwise’s **Bitcoin ETF (BITB)** achieved $237.9 million in first-day inflows when it launched in January 2024, while **BlackRock’s Ethereum ETF (ETHA)** brought in $266.5 million at its debut in July.
Record trading volume on day one
The BSOL fund reached **$10 million in trading volume within the first hour** of its debut and closed the day with **$57.9 million in total trading volume** — the highest among all ETFs launched in 2025. Analysts view this as a sign of growing institutional interest in alternative layer-1 blockchain assets beyond Bitcoin and Ethereum.
The fund’s performance underscores the increasing appeal of Solana as a mainstream investment vehicle, especially as the network continues to lead in transaction speed and cost efficiency.
How BSOL compares to other crypto ETFs
BSOL’s launch continues Bitwise’s trend of dominating early-stage ETF inflows across crypto sectors. The firm previously captured record demand for its Bitcoin ETF (BITB), positioning itself as one of the most trusted issuers in the digital asset ETF market.
Industry observers highlight that the **Solana ETF offers 100% direct exposure to SOL**, unlike derivative-based products. This allows investors to access staking-enabled yield potential while trading through traditional brokerage platforms.
Market context and investor sentiment
The ETF launch comes amid a renewed wave of optimism for regulated crypto investment products in the U.S. Following the SEC’s gradual acceptance of digital asset ETFs, institutions have been expanding portfolios into alternative layer-1 networks like Solana.
For many investors, Solana’s blend of scalability, speed, and ecosystem growth positions it as the **third pillar** of crypto investments — complementing Bitcoin and Ethereum.
The broader significance of BSOL’s success
BSOL’s strong debut reinforces the narrative that regulated crypto exposure continues to attract robust capital inflows, even amid market volatility. Analysts predict that if early momentum persists, total BSOL assets could surpass **$1 billion** within the first quarter of 2026.
The success of Bitwise’s Solana ETF also sends a message to regulators and competitors: demand for diversified crypto ETFs is not only real — it’s accelerating.
Looking ahead
With Solana ETFs now available on major U.S. exchanges, analysts expect additional funds to follow, potentially introducing staking and yield-sharing components in future versions. Bitwise’s BSOL launch sets a new benchmark for how quickly capital can move into regulated crypto assets once given the green light.
As the crypto ETF market matures, Solana’s entry through BSOL could represent the most significant diversification milestone since the approval of spot Ethereum ETFs earlier this year.
Editorial Team — CoinBotLab