Overview
- Bitwise’s BSOL posted $56 million of turnover on day one and $72.4 million on day two, the strongest start among 2025 ETF launches.
- Net creations into BSOL totaled about $116 million across the first two sessions after $69.5 million on day one, indicating robust institutional demand.
- Grayscale’s converted GSOL began trading on NYSE Arca with modest first-day activity, including roughly $1.4 million in inflows.
- SOL slipped several percent following the debuts and is consolidating around the $180–$200 zone as ETF buying absorbs circulating supply.
- SEC listing standards and S-1 mechanics enabled rapid, staking-enabled launches, with Fidelity advancing a similar filing, while in-fund staking raises potential liquidity and redemption frictions.