Bitwise Solana staking ETF records $10M in trading volume in first 30 minutes
Key Takeaways
- The Bitwise Solana staking ETF reached $10 million in trading volume within its first 30 minutes.
- Bitwise's Solana product showed stronger initial demand than other crypto ETFs.
Bitwise’s Solana staking ETF (BSOL) opened to strong demand on Tuesday, with $10 million in trading volume in its first 30 minutes, Bloomberg ETF analyst Eric Balchunas reported .
In comparison, Canary’s HBAR ETF (HBR) and Litecoin ETF (LTCC) posted $4 million and $400,000 during the same window.
The early trading activity suggests varying levels of investor interest in the new crypto-focused exchange-traded funds, with Bitwise’s Solana product seeing the strongest initial demand among the three new offerings.
The launch follows the recent approvals of various crypto ETFs, despite limited operational capacity due to the government shutdown.
Grayscale’s Solana Trust is expected to convert into an ETF tomorrow.
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.
You may also like
Hong Kong's Drive for Crypto Adoption Puts Pressure on U.S. Reluctance in Worldwide Competition
- Hong Kong relaxed crypto rules, enabling cross-border liquidity and attracting global platforms like Binance and Coinbase by 2026. - U.S. political debates intensified, with Trump criticizing Biden's delayed crypto policies and warning of China's growing digital-asset influence. - Regulators urged balanced frameworks, emphasizing innovation while safeguarding investors amid global competition for crypto leadership. - Hong Kong's reforms aim to bridge gaps with Singapore, while U.S. states like Wyoming pu
Solana News Update: BlockDAG's $435 Million Presale Faces Scrutiny Amid Founder Accusations That Jeopardize Trust
- Crypto investigator ZachXBT accuses BlockDAG’s CEO of being a front for controversial founder Gurhan Kiziloz, amid a $435M presale. - BlockDAG’s presale, now in its 32nd batch, faces criticism for delays and lack of transparency, with no mainnet or exchange listings confirmed. - A Formula 1 partnership and $0.05 token listing plans aim to boost credibility, but 60% of Trustpilot users rate the project negatively due to delays and unclear communication. - Despite $435M raised, BlockDAG’s liquidity strateg
Bitcoin News Today: Bitcoin miners are turning to AI as steady earnings surpass the unpredictable swings of cryptocurrency
- MARA and Hut 8 reported record Q3 2025 profits ($123M and $50.6M) amid Bitcoin price surges and operational efficiency gains. - Both firms are pivoting to AI/HPC via acquisitions (e.g., MARA's $168M Exaion buy) and expanding energy infrastructure to capitalize on higher-margin AI workloads ($1.45M/MW vs. $900K for Bitcoin). - U.S. leads global Bitcoin mining (37% hashrate), with Texas as a hub, while regulatory debates and crypto volatility prompt miners to diversify for stable revenue streams.
LUNA - -17.56% over the past month: Significant Decline as Downtrend Continues
- LUNA fell 17.56% in a month, part of a 1-year 81.43% decline, signaling a bearish trend. - Technical indicators show consolidation after sharp selloff, with price nearing key support levels. - Prolonged weakness raises doubts about LUNA's fundamentals and competitiveness against alternatives. - Market uncertainty persists as it remains unclear whether this is a structural shift or cyclical correction.
Trending news
MoreCrypto prices
More
