Altcoin ETFs Surge: Bitwise Solana ETF Records $56 Million Debut

The crypto ETF market experienced a flurry of activity with the debut of three new altcoin exchange-traded funds (ETFs), spearheaded by Bitwise’s Solana ETF (BSOL). BSOL led the pack, attracting $56 million in trading volume on its first day and exceeding all other launches this year. Canary Hedera (HBR) saw $8 million in volume, while Canary Litecoin (LTCC) generated $1 million in trades. Experts attribute this success to the growing DeFi space and increased institutional investments.