Overview
- Bitwise’s Solana Staking ETF has amassed about $116 million in net inflows, accounting for more than 90% of Solana ETF demand reported so far.
- First-day trading in BSOL totaled roughly $56 million, ranking among the biggest crypto ETF debuts of 2025.
- SOL fell about 4%–5% on profit-taking after launch and is consolidating near $193–$195, with $200 flagged as near-term resistance and support seen around $185–$191.
- Bitwise disclosures say the fund will stake 100% of its SOL and may use third-party trades to swap pending-unstake assets for liquid tokens during large redemptions, which could modestly impact NAV.
- Combined Solana ETF net assets total roughly $432 million—still a small share of SOL’s market cap—while Grayscale’s new fund trails with about $1.4 million and other issuers prepare potential entries.