Solana News Update: Investors Rush to Solana Staking ETF While Competing Altcoins Falter
- 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
BSOL’s strong debut stands in stark contrast to other altcoin ETFs launched at the same time. While Canary’s
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
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
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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