Solana News Update: Investors Rush to Solana Staking ETF While Competing Altcoins Falter

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Solana News Update: Investors Rush to Solana Staking ETF While Competing Altcoins Falter

Bitget-RWA2025/10/30 16:32

By:Bitget-RWA

- Bitwise's Solana Staking ETF (BSOL) surged to $69.5M in debut-day inflows, the highest among 850+ 2025 ETFs. - BSOL's $288.92M AUM (0.01% of Solana's $107.4B cap) outperformed stagnant Litecoin/Hedera ETFs with 7.3% staking yields. - SEC's pre-shutdown rule accelerated approval, but NYSE Arca delayed U.S. listing until October 27 amid Hong Kong's first Solana ETF. - JPMorgan forecasts $3-6B in first-year inflows for staking ETFs as VanEck/Grayscale await approvals and Solana price fluctuates post-EFT lau

The Bitwise

Solana

Staking ETF (BSOL) drew considerable investor interest, achieving a record-breaking $69.5 million in inflows on its launch day, October 28, 2025, according to data from

Farside Investors

. This figure represents the largest opening-day volume among more than 850 ETFs introduced this year, as highlighted by Nate Geraci of ETF Institute. The ETF, which follows Solana’s native asset (SOL) and incorporates staking rewards, currently manages $288.92 million in assets, amounting to 0.01% of Solana’s $107.4 billion market capitalization, based on a

Crypto.News report

BSOL’s strong debut stands in stark contrast to other altcoin ETFs launched at the same time. While Canary’s

Litecoin

and

Hedera

ETFs saw no inflows, BSOL surpassed $70 million in just two days, with $55.4 million in trading volume on day two—a figure Bloomberg’s Eric Balchunas called “a huge number,” as

Cointelegraph reported

. This outcome highlights increasing demand from both institutions and individual investors for Solana-related investment vehicles, especially as its projected 7.3% annual staking yield sets it apart from traditional

Bitcoin

and

Ethereum

ETFs, according to

Crowdfund Insider reported

Solana News Update: Investors Rush to Solana Staking ETF While Competing Altcoins Falter image 0

The ETF’s swift approval was made possible by an SEC regulation passed before the agency’s partial closure, which simplified the process for products that meet S-1 form criteria. However, U.S. investors had to wait until October 27 for NYSE Arca’s certification, as ChinaAMC in Hong Kong had already introduced Asia’s first Solana ETF, as

Ambcrypto reported

. Bitwise’s

BSOL

, now trading on NYSE, is positioned alongside Grayscale’s recently launched Solana Trust ETF (GSOL), which started with $4 million in volume—significantly less than Bitwise’s numbers.

Market conditions remain unpredictable. Even though Solana’s price jumped 15% to $205 after the ETF announcement, it later dropped to $196 due to broader economic worries, such as Federal Reserve rate cuts and global tensions. At the same time, Bitcoin ETFs experienced $470 million in outflows as BTC fell below $110,000, as

CryptoNews reported

. Despite this, analysts are optimistic: JPMorgan forecasts that Solana ETFs with staking could attract $3–6 billion in inflows in their first year.

The competitive landscape is heating up. VanEck, Grayscale, and 21Shares are all seeking SEC approval for their own Solana ETFs, and 21Shares has also submitted an application for a Hyperliquid (HYPE) ETF, signaling Wall Street’s growing interest in alternative cryptocurrencies. Still, Bitwise’s CIO has remarked that Solana ETFs are “missing part of the puzzle,” indicating that further advancements are needed to fully realize the asset’s potential.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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