Bitwise SOL staking ETF debuts with $223M assets, shows strong institutional demand
Bitwise’s Solana ETF kicked off trading with $223 million in assets, showing US appetite for staking-based crypto ETFs after receiving SEC clarity.
US investor appetite for staking-focused exchange-traded funds (ETFs) appears strong, as Bitwise’s new Solana exchange-traded product kicked off with over $220 million in assets on debut.
The Bitwise Solana Staking ETF (BSOL) began trading on Tuesday with $222.8 million in assets, according to Bloomberg Intelligence senior ETF analyst Eric Balchunas.
Balchunas said the size was significant for a newly launched crypto ETF and indicated increased institutional engagement and confidence in staking strategies.
