The ETF structure provides investors with dual benefits compared to conventional crypto ETFs like Bitcoin and Ethereum products.
Bitwise’s SOL staking exchange-traded fund launched on the New York Stock Exchange with over $56 million in first-day trading volume. Matt Hougan, chief investment officer at Bitwise, described the product as filling a critical gap in the market for institutional investors.
The Bitwise Solana Staking ETF, ticker BSOL, attracted $222 million in assets at launch, representing over 1.1 million SOL tokens. Bloomberg senior ETF analyst Eric Balchunas reported that the product recorded the largest trading volume of any ETF debut in 2025.
Hougan explained that investors previously gained more value by owning SOL directly and staking it for yield rather than investing in ETF products that didn’t offer staking capabilities. The new product combines institutional…
