Bitwise Solana Staking ETF (BSOL) Sees Massive Inflows Despite SOL Price Drop

The Bitwise Solana Staking ETF (BSOL) launched with significant enthusiasm, attracting a substantial $69.5 million in inflows during its debut. This marks the largest crypto ETF launch since Ethereum and signifies strong market interest in Solana-focused investment strategies. However, despite the bullish sentiment surrounding the launch, SOL prices slid below $195 on the market. Notably, prominent cryptocurrency whales placed long positions in the BSOL ETF, indicating their belief in the future of Solana.