Bitwise SOL staking ETF debuts with $223M, signaling strong institutional demand

A strong first-day haul positions Bitwise’s Solana fund as a test case for US appetite toward staking-based crypto ETFs after new SEC clarity.

Investor appetite for staking-focused exchange-traded funds (ETFs) in the United States appears strong, with Bitwise’s new Solana product seeing substantial inflows on its first day of trading.

The Bitwise Solana Staking ETF (BSOL), which began trading on Tuesday, has already attracted roughly $222.8 million in assets, according to Bloomberg Intelligence senior ETF analyst Eric Balchunas.

Balchunas characterized the size as significant for a newly launched crypto ETF, indicating increasing institutional engagement and confidence in staking strategies.

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