Finance

Bitwise Launches First-Ever Solana Staking ETF, $BSOL Surpasses $20M Volume in 90 Minutes

1 day ago
Bitcoin Ethereum News

The Solana ecosystem just hit a major milestone. Bitwise Asset Management has officially launched the first-ever U.S. Solana Staking ETF, trading under the ticker $BSOL.

Within its first 90 minutes, the ETF surpassed $20 million in trading volume, signaling strong institutional demand for Solana exposure.

A Historic First for Solana

This marks the first SEC-approved Solana ETF, and it didn’t disappoint out of the gate.

$BSOL opened with $220 million in assets under management on day one, a staggering debut for a non-Bitcoin product.

For comparison, that’s already half the size of $SSK, another staking ETF launched in July.

That kind of early momentum isn’t just hype. It’s real capital rotating into Solana from institutions and fund managers who have been waiting for a legitimate, regulated product.

Why It Matters

The launch of $BSOL could reshape how investors view Solana.

For years, Ethereum has dominated institutional narratives, but now, Solana finally has its own regulated gateway.

If current inflows continue, $BSOL could position Solana as the next major institutional narrative after ETH.

Bitwise’s ETF directly stakes Solana on-chain, allowing holders to capture staking rewards while maintaining liquidity through traditional markets.

That combination, yield + regulated access, is exactly what large investors have been asking for.

Built to Capture Solana’s Staking Yield

The fund is structured to maximize Solana’s 7%+ average staking rewards, using Bitwise’s onchain infrastructure and validator network.

All staking operations are powered by Bitwise Onchain Solutions, integrated with high-performance tooling from @heliuslabs, one of the core Solana infrastructure providers.

For a limited time, Bitwise is waiving management fees (0%) to encourage early adoption and liquidity buildup.

In traditional ETF terms, that’s an aggressive opening move, and it’s clearly working.

Why Solana?

Solana isn’t just another blockchain, it’s one of the fastest-growing technology platforms in the world.

In the past year alone, Solana has generated over $2 billion in network revenue, according to ecosystem data. That’s more than any other chain in 2025.

Known for its high throughput and ultra-low fees, Solana’s architecture supports tens of thousands of transactions per second, with gas fees averaging less than a cent.

Five years post-launch, Solana has achieved mainstream traction across DeFi, NFTs, payments, and now, capital markets.

Institutional Confidence Is Building

Institutional demand for Solana exposure has been steadily rising since late 2024, following a surge in developer activity and DeFi TVL.

The introduction of $BSOL gives funds and advisors a compliant, yield-generating Solana vehicle, unlocking a new wave of inflows from traditional capital.

For context, Solana currently trades around $198 with a market capitalization exceeding $109 billion, according to CoinMarketCap.

That puts it firmly in the top three crypto assets by market value, and now, with its own ETF, it stands on equal footing with Ethereum and Bitcoin in the eyes of U.S. regulators.

The ETF’s Impact on Solana’s Ecosystem

Beyond market optics, the ETF directly strengthens Solana’s staking layer.

Every $BSOL share represents underlying Solana tokens that are actively staked.

That means more SOL is being locked into validator nodes, tightening circulating supply and supporting network security.

If the ETF continues to grow, it could indirectly drive higher staking participation rates and long-term network stability.

For the ecosystem, this translates into real economic weight, Solana’s validators, infra providers, and DeFi protocols all stand to benefit from greater institutional liquidity.

Bitwise’s Broader Strategy

Bitwise has positioned itself as one of the most aggressive asset managers in the digital asset ETF race.

After successfully launching spot Bitcoin and Ethereum ETFs, the firm’s move into Solana was the next logical step, but the staking element sets $BSOL apart.

By combining traditional ETF exposure with onchain yield, Bitwise bridges legacy finance and decentralized infrastructure in a single product.

It’s a signal that tokenized yield-bearing assets are maturing into a recognized asset class.

Market Reaction: Real Flows, Not Retail Noise

Within hours of trading, $BSOL’s performance outpaced expectations.

Volume crossed $20 million in the first 90 minutes, and liquidity metrics indicate that institutional desks and trading firms were among the first movers.

“This isn’t retail noise, this is real capital,” as one market analyst put it on X.

The strong opening suggests that institutions see Solana as the next major blockchain with credible ETF traction, a phrase that’s already circulating across crypto Twitter.

What This Means for Solana’s Future

The launch of $BSOL could mark a new phase for Solana’s global perception.

Ethereum once had the spotlight after its ETF approvals, now, Solana steps into that role with a similar pathway to regulated access.

  • For investors, it offers a blend of growth exposure and staking yield.
  • For developers, it validates years of work on Solana’s performance and reliability.
  • And for institutions, it offers something rare, onchain yield, delivered through a traditional financial wrapper.

Crypto Goes Mainstream, Again

2025 has been the year crypto finally broke into the mainstream asset class conversation.

With spot Bitcoin and Ethereum ETFs already thriving, Solana’s inclusion via $BSOL cements its place as the third pillar of institutional crypto portfolios.

As capital markets continue to move onchain, products like $BSOL make that transition tangible, bridging Wall Street and Web3.

Bitwise called Solana a “rising star, just getting started.”

Judging by today’s numbers, they might be right.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Source: https://nulltx.com/bitwise-launches-first-ever-solana-staking-etf-bsol-surpasses-20m-volume-in-90-minutes/