Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Solana News Update: Solana ETF Climbs While Token Declines: Institutional Demand Contrasts with Retail Outlook

Solana News Update: Solana ETF Climbs While Token Declines: Institutional Demand Contrasts with Retail Outlook

Bitget-RWA2025/10/28 23:02
By:Bitget-RWA

- Bitwise's Solana Staking ETF (BSOL) raised $222.8M in assets on its 2025 debut, outpacing most new ETFs with $56M in first-day trading volume. - The fund offers direct Solana exposure with staking rewards, attracting institutional interest through a novel structure distinct from traditional spot ETFs. - SEC guidance on PoS and liquid staking enabled BSOL's launch, with Bitwise leveraging its European staking product experience to enter the U.S. market. - Despite BSOL's success, Solana's token price fell

The Bitwise

Staking ETF (BSOL) made a notable entrance, amassing $222.8 million in assets and $55 million in trading volume on its first day—one of the most impressive launches for a crypto-related ETF in 2025. This fund, which provides direct access to Solana (SOL) and distributes staking rewards, has attracted institutional interest due to its innovative structure, setting it apart from conventional spot ETFs, highlighted. According to Bloomberg ETF analyst Eric Balchunas, BSOL’s asset total already equals half that of the Solana Spot ETF (SSK), an achievement reached on its opening day, .

The ETF’s strong debut was further emphasized by its active initial trading. Within the first 30 minutes after launching on October 27,

saw $10 million in trades, surpassing the $4 million and $400,000 volumes posted by the HBAR and ETFs, respectively, . By the close of the day, trading volume had reached $56 million, making it the top-performing ETF launch among more than 850 new funds in 2025, . This surge demonstrates increasing institutional demand for exposure to alternative cryptocurrencies, especially in networks like Solana, which has experienced significant growth in decentralized finance (DeFi) and tokenization projects, as EthNews also mentioned.

Solana News Update: Solana ETF Climbs While Token Declines: Institutional Demand Contrasts with Retail Outlook image 0

Clear regulatory guidance was crucial for BSOL’s introduction. The U.S. Securities and Exchange Commission (SEC) issued guidance in May 2025 regarding proof-of-stake (PoS) activities and clarified rules for liquid staking in August, paving the way for ETFs based on staking, as previously reported. Bitwise, which had already launched a Solana staking product in Europe, used this regulatory framework to bring BSOL to the U.S. The fund features a 0.20% expense ratio, holds assets in full replication, and reported a net asset value (NAV) of $26.21 as of October 27, according to available reports.

Even with the ETF’s strong performance, Solana’s native token (SOL) dropped 3.65% that day, illustrating a gap between institutional ETF interest and retail token price movement, a phenomenon discussed by BeInCrypto. Analysts point to profit-taking after the initial excitement and broader market trends as reasons. Meanwhile, BlackRock’s absence—a major player in

ETF inflows—has led to doubts about whether altcoin ETFs can match Bitcoin’s $28.1 billion inflow in 2025, . Nevertheless, analysts from JPMorgan and Bitget estimate that a Solana ETF could still attract between $3 billion and $6 billion in its first year, fueled by staking returns and ecosystem expansion, .

The regulatory landscape is still evolving, with over 150 altcoin ETF applications awaiting approval—including 23 for Solana—according to

. Although the U.S. government shutdown has delayed approvals beyond October, the influx of institutional funds into products like BSOL points to a maturing market. As more staking-oriented ETFs are introduced, they may reshape how institutions access crypto yields, further connecting traditional finance with blockchain technology.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Update: CoinShares Introduces TON ETP with No Fees and 2% Staking Returns Amid 60% Market Cap Drop

- CoinShares launched a zero-fee Toncoin ETP (CTON) on SIX Swiss Exchange, offering 2% staking yield despite TON's 60% YTD price drop. - The ETP provides institutional access to TON's Telegram-integrated blockchain, processing 104,000 TPS with 900M+ user base. - CoinShares expands crypto ETP strategy after launching TON exposure in its U.S. Altcoins ETF, capitalizing on $921M global crypto ETP inflows. - The move aligns with European crypto firms targeting U.S. expansion, as CoinShares pursues Nasdaq listi

Bitget-RWA2025/10/29 11:02
Bitcoin News Update: CoinShares Introduces TON ETP with No Fees and 2% Staking Returns Amid 60% Market Cap Drop

CoinShares Connects Telegram and Blockchain through Launch of New TON ETP

- CoinShares launched the CTON ETP on SIX Swiss Exchange, offering zero fees and 2% staking yield for Toncoin (TON). - TON's 59% YTD market cap drop contrasts with its Telegram integration and 104,000 TPS capacity highlighted by CoinShares. - The physically-backed ETP expands European access to TON, aligning with CoinShares' hybrid finance strategy and regulated staking framework. - TON's 5% price rise post-launch follows broader ecosystem developments like Telegram's tokenized stock offerings by xStocks.

Bitget-RWA2025/10/29 11:02
CoinShares Connects Telegram and Blockchain through Launch of New TON ETP

Bitcoin Updates: Dollar Rises Amid Trade Optimism, Crypto Awaits as Fed Decision Approaches

- The U.S. dollar hit multi-year highs amid trade optimism and near-certainty of a Fed rate cut before its policy meeting. - EUR/JPY surged to 178.15, signaling strong dollar momentum, while Bitcoin saw $931M inflows as investors anticipate monetary easing. - A 25-basis-point Fed cut is expected to weaken the dollar, boost risk assets, and trigger capital rotation into emerging markets and crypto. - Trump narrowed Fed chair candidates to five, including Rick Rieder, with implications for inflation, labor m

Bitget-RWA2025/10/29 10:42
Bitcoin Updates: Dollar Rises Amid Trade Optimism, Crypto Awaits as Fed Decision Approaches