Bitwise Solana Staking ETF Successfully Completed Its First Day

Bitwise Solana Staking ETF's First Day

Bitwise launched the Solana Staking ETF (BSOL) on October 28, 2023. The company described the first day’s performance as 'a big debut.' During this period, the ETF reached a trading volume of 55.4 million dollars and recorded 217.2 million dollars in assets under management (AUM).

Bloomberg's senior ETF analyst Eric Balchunas estimated the trading volume of the BSOL ETF to be approximately 56 million dollars. Furthermore, on October 29, 2023, GSOL will also be listed on NYSE Arca. GSOL offers users access to SOL assets and potential staking rewards.

In contrast, Solana (SOL) underperformed in the overall cryptocurrency market, closing the day at 195.58 dollars with an increase of only %0.78. Additionally, SOL's overall trading volume is 44 percent below the average of the last seven days.