Bitwise Solana ETF Hits $69.5 Million in Inflows on First Trading Day

Cover image via U.Today Read U.TODAY on Google News The Solana ETF issued by Bitwise is already off to a good start after news of its launch garnered attention across the crypto space yesterday. The investment product tied to the leading altcoin has not only gained hype but has already begun to record massive inflows a few hours after launch. Advertisement Data provided by Farside Investors shows that the Bitwise Solana ETF (BSOL) recorded $69.5 million in inflows on October 28, its first day of trading. This highlights strong institutional interest in Solana as the asset becomes the center of attention. The impressive performance posted by BSOL has stirred discussion, as it has posted the highest first-day trading volume among over 800 ETFs that have launched this year, according to an ETF Institute representative, Nate Geraci. HOT Stories Forget Quantum Threat, Peter Schiff Explains How Bitcoin Will Actually Die Morning Crypto Report: XRP to $4.20 Not a Dream, New Ethereum Hard Fork Game-Changer, Bitcoin Faces Worrying $111 Million Sale Solana Shades XRP: 'There Is No Bridge Currency' This Bitcoin (BTC) Fakeout Can Destroy $100,000, Will Dogecoin (DOGE) Add Zero? XRP Getting Squeezed Bitwise spot sol ETF posts highest day 1 trading volume out of some 850 ETF launches this year (h/t @EricBalchunas )... Who could have seen this coming? Spot xrp ETFs will likely see similar reception, if not greater. https://t.co/vmFsJu0o36 — Nate Geraci (@NateGeraci) October 28, 2025 BSOL as first SOL ETF in the US Although the U.S. government shutdown is yet to come to an end, an order passed by the Securities and Exchange Commission (SEC) prior to the shutdown has made the process easy for all ETF applications. Advertisement The order, which allows easy approval of ETF filings without the need for an intermediate review but on the condition that they meet the requirements of the S-1 forms, has made the launch of the Bitwise Solana ETF possible despite the government shutdown. Following its debut on October 28, BSOL stands as the first direct Solana ETF to launch in the U.S. While Solana stands as one of the top-performing cryptocurrencies in this bull phase, the strong performance recorded by the Solana ETF on the first day has further attracted more interest to the ecosystem. The record early inflow suggests that investors are eager to gain Solana exposure through traditional market infrastructure. Nonetheless, it is important to note that the launch of the Bitwise Solana ETF coincided with the launch of other crypto ETFs, including a Solana Trust ETF from Grayscale. While the Bitwise Solana ETF has seen impressive investor engagement in just about 24 hours, GSOL has not yet recorded any inflow since it launched alongside BSOL yesterday. #Solana #Solana ETF #Bitwise #Grayscale