21Shares files HYPE ETF, Bitwise Solana ETF sees ‘huge number’ on day 2
Analysis
Price Impact
HighThe significant trading volume for the bitwise solana staking etf (bsol) on its second day, described as a 'huge number' by a bloomberg analyst, indicates strong institutional and retail investor appetite for solana exposure through traditional investment vehicles. this increased accessibility and demand can significantly influence sol's price.
Trustworthiness
HighThe news comes from cointelegraph, a reputable crypto news source, and directly quotes bloomberg etf analyst eric balchunas, lending high credibility to the reported trading volumes and market sentiment.
Price Direction
BullishThe robust performance of the solana etf, with continued strong trading volume beyond the initial launch day, signals sustained investor interest and capital inflow into the solana ecosystem. this institutional validation and increased liquidity are strong bullish indicators for sol's price.
Time Effect
LongWhile initial etf launches can create short-term volatility, the sustained high trading volume suggests ongoing institutional adoption and demand. this trend is likely to have a more enduring positive impact on sol's valuation as it integrates further into traditional finance.
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Jesse Coghlan 1 minute ago 21Shares files HYPE ETF, Bitwise Solana ETF sees ‘huge number’ on day 2 21Shares has filed for a Hyperliquid ETF, while Bitwise’s Solana staking ETF has a big day of trading as investors perk their ears toward altcoins. Listen 0:00 6 News COINTELEGRAPH IN YOUR SOCIAL FEED Asset manager 21Shares is seeking to launch an exchange-traded fund (ETF) tracking the token behind the perpetual futures protocol and blockchain, Hyperliquid, amid growing Wall Street interest in alternative cryptocurrencies. The company filed for the 21Shares Hyperliquid ETF with the Securities and Exchange Commission on Wednesday, which did not disclose a ticker symbol or fee. Coinbase Custody and BitGo Trust were named as custodians. It follows a similar filing for a Hyperliquid (HYPE) ETF from Bitwise last month . The token gives discounts on the Hyperliquid decentralized exchange and is used to pay fees on its blockchain. It has increased in value over the past year, in line with the service’s growing popularity. US investors have demonstrated their appetite for ETFs tracking more volatile altcoins, some of which include novel instruments such as staking. Bitwise’s new Solana ( SOL ) ETF recorded significant trading volume on its second day on the market. Bitwise Solana staking ETF volume sees “huge number” Meanwhile, the Bitwise Solana Staking ETF (BSOL) ended its second day of trading on Wednesday with over $72 million in trading volume. Bloomberg ETF analyst Eric Balchunas said the figure “is a huge number” and a “good sign” as the trading volume on most ETFs drops “after [the] day one hype is over.” Source: Eric Balchunas BSOL debuted for trading on Tuesday alongside Canary Capital’s Litecoin ( LTC ) and Hedera ( HBAR ) ETFs. Bitwise’s ETF pulled in $55.4 million in trading volume in what Balchunas said was the largest of all crypto ETFs launched in 2025. Related: Solana staking ETFs are 'missing part of puzzle': Bitwise CIO Grayscale Investments also debuted its staking-enabled Grayscale Solana Trust ETF (GSOL) on Wednesday to rival Bitwise’s similar ETF. However, Balchunas said GSOL’s notched $4 million in trading volume on debut, which he called “healthy but [obviously] short of BSOL.” “Being just one day behind is actually really huge,” he added. “Makes it so much harder.” Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling — Joseph Chalom # Business # Solana # ETF Add reaction