Overview
- Bitwise’s Solana Staking ETF (BSOL) posted $56 million in first‑day volume and $72 million on day two, with roughly $116 million in early net inflows, outpacing rival launches.
- Grayscale’s converted GSOL drew about $1.4 million in initial inflows, and combined Solana ETF assets were reported near $432 million, or roughly 0.4% of SOL’s market cap.
- SOL fell about 8% to roughly $186 after briefly topping $201 earlier in the week, as profit‑taking and risk‑off sentiment coincided with ETF launches.
- Blockchain data highlighted a reported 1.1 million SOL transfer involving Jump Crypto and Galaxy Digital, a large move that weighed on market sentiment during the pullback.
- Bitwise plans to stake 100% of the fund’s SOL and warns in filings that unstaking delays could tighten liquidity and impact NAV during heavy redemptions, even as ETF inflows absorb exchange supply from older holders.