Bitwise Solana ETF Records Highest Debut Trading Volume in 2025

The Bitwise spot Solana ETF (BSOL) had its debut trading yesterday, achieving the highest first-day volume ever recorded for an ETF launch in 2025. The fund generated $56 million in trading activity, significantly exceeding launches of competing XRP and Solana staking ETFs. Analyst Eric Balchunas highlighted BSOL’s performance on X, suggesting that if its total seed capital had been invested on the first day, it could have reached a volume of up to $280 million, surpassing even BlackRock’s spot Ethereum ETF launch last year.