Bitwise Solana ETF Reaches $223 Million in Launch
- Bitwise’s ETF launch underscores institutional trust in Solana.
- Notable $223 million amassed on the first day.
- Potential boost for Solana’s on-chain metrics and liquidity.
The Bitwise Solana Spot Staking ETF launched on October 28, 2025, accumulating $223 million on its first day, underscoring strong institutional demand for Solana assets. Bitwise management highlights the project’s efficiency and revenue potential as key investment drivers.
Bitwise Asset Management launched its Solana Spot Staking ETF, which amassed $223 million in assets on its October 28, 2025, debut in the US.
The ETF’s large initial inflow indicates robust interest in Solana’s blockchain. This reflects a growing institutional appetite for cost-efficient crypto investment products.
Bitwise Asset Management launched the Solana Spot Staking ETF on October 28, 2025. Within the first trading day, the firm secured $223 million in assets. Bitwise’s leadership, including Matt Hougan and Hunter Horsley, emphasized Solana’s potential as a top investment opportunity. Matt Hougan noted Solana’s ability to transact with high volume and efficiency.“We believe Solana is one of the most exciting crypto investment opportunities that exists today. Its ability to transact huge volumes with high efficiency and low cost makes it a serious competitor for the stablecoin and tokenization markets…” — Matt Hougan, Chief Investment Officer, BitwiseSolana (SOL) is expected to benefit directly from the ETF’s inflows and increased staking. The adjustment is anticipated to elevate both Solana’s liquidity and security metrics, with 100% of the SOL in the ETF being staked. This rapid asset accumulation reflects significant institutional participation and confidence in US-listed Solana products.
The ETF’s structure, which includes no management fee for the first three months, likely contributed to its rapid capital accumulation. The fund’s design aims to attract a wide range of institutional investors seeking growth potential and staking rewards. The impact on ETH, BTC, and related cryptocurrencies remains speculative. However, the launch exemplifies the increasing integration of blockchain assets into regulated financial products, potentially influencing future market trends.
Regulatory status of the ETF as a commodity pool, not under the Investment Company Act, highlights its novelty in the crypto financial landscape. Historical trends show that such launches often boost associated blockchain ecosystems, likely benefitting Solana in much the same way.
