BSOL's first-day trading volume reached US$56 million, setting a record for new ETFs this year.

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Eric Balchunas, senior ETF analyst at Bloomberg, noted that Bitwise's Solana Staking ETF (BSOL) generated $56 million in trading volume on its first day of trading, the highest of any new ETF this year, surpassing products like XRPR, SSK, Ives, and BMNU. The ETF's initial capitalization of $220 million, if fully invested on the first day, could have generated approximately $280 million in trading volume, surpassing ETHA's first-day performance. During the same period, HBR and LTCC recorded $8 million and $1 million in trading volume, respectively.

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