The newly listed Solana ETF in the U.S. attracted over $69 million in its first trading day, marking the strongest ETF debut of the year.
The first-ever U.S. spot Solana ETF made an impressive market debut. Launched on October 28 on the New York Stock Exchange, the Bitwise Solana Staking ETF recorded $69.45 million in net inflows, bringing its total assets under management to $289 million, representing 0.27% of Solana’s total market cap.
Offering investors direct exposure to Solana along with staking rewards, the ETF reached $10 million in trading volume within its first hour and ended the day with $56 million in total trades, becoming the best-performing ETF launch of the year. Bloomberg analyst Eric Balchunas said the fund entered the market with $220 million in starting capital and “could even surpass the debut of Ethereum ETFs.”
Meanwhile, the Litecoin and HBAR ETFs that launched the same day saw no inflows or outflows, with the Solana ETF accounting for nearly all of the combined $65 million in trading volume. Analysts believe this strong performance could pave the way for future spot ETFs tracking XRP and other major altcoins
