Bitwise’s Solana staking ETF recorded a remarkable $55.4 million trading volume on its inaugural day, making it the highest performing crypto ETF launch this year, coinciding with new ETFs for Hedera and Litecoin from Canary Capital.

The trading volume for the Bitwise Solana Staking ETF (BSOL) topped all crypto ETFs introduced in 2025, as reported by Bloomberg ETF analyst Eric Balchunas. This achievement overshadowed the performances of XRP and Solana staking ETFs by REX Osprey.

Prior to its launch, BSOL attracted $223 million in assets, indicating growing institutional interest and confidence in staking—where users earn rewards for locking up cryptocurrency to validate blockchain transactions.

Image Source: Eric Balchunas

Wall Street’s interest in crypto has broadened, looking beyond dominant players like Bitcoin and Ether, as managers seek to launch products related to riskier cryptocurrencies or newstaking mechanisms.

BSOL Exceeds Predictions

BSOL’s trading volume eclipsed Balchunas’ pre-launch estimate of $52 million. In contrast, the Canary Capital HBAR ETF (HBR) registered $8 million, aligning with predictions, while the LTC ETF achieved just $1 million, falling short of the estimated $7 million.

Image Source: Bitwise

Ether ETFs Stand Out

Despite BSOL’s impressive start, its trading volume was minor compared to the $1.08 billion recorded by nine spot Ether ETFs launched last July, marking the first altcoin funds in the U.S. *Much of this figure resulted from outflows from Grayscale’s Ethereum ETF Trust, while BlackRock’s iShares Ethereum Trust ETF garnered $248.7 million.

Overall, Bitwise’s spot Ether ETF product also outperformed BSOL with $94.3 million.

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