Solana News Update: Solana ETF Climbs While Token Declines: Institutional Demand Contrasts with Retail Outlook
- Bitwise's Solana Staking ETF (BSOL) raised $222.8M in assets on its 2025 debut, outpacing most new ETFs with $56M in first-day trading volume. - The fund offers direct Solana exposure with staking rewards, attracting institutional interest through a novel structure distinct from traditional spot ETFs. - SEC guidance on PoS and liquid staking enabled BSOL's launch, with Bitwise leveraging its European staking product experience to enter the U.S. market. - Despite BSOL's success, Solana's token price fell
The Bitwise
The ETF’s strong debut was further emphasized by its active initial trading. Within the first 30 minutes after launching on October 27,
Clear regulatory guidance was crucial for BSOL’s introduction. The U.S. Securities and Exchange Commission (SEC) issued guidance in May 2025 regarding proof-of-stake (PoS) activities and clarified rules for liquid staking in August, paving the way for ETFs based on staking, as previously reported. Bitwise, which had already launched a Solana staking product in Europe, used this regulatory framework to bring BSOL to the U.S. The fund features a 0.20% expense ratio, holds assets in full replication, and reported a net asset value (NAV) of $26.21 as of October 27, according to available reports.
Even with the ETF’s strong performance, Solana’s native token (SOL) dropped 3.65% that day, illustrating a gap between institutional ETF interest and retail token price movement, a phenomenon discussed by BeInCrypto. Analysts point to profit-taking after the initial excitement and broader market trends as reasons. Meanwhile, BlackRock’s absence—a major player in
The regulatory landscape is still evolving, with over 150 altcoin ETF applications awaiting approval—including 23 for Solana—according to
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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