Bitwise and Grayscale’s new Solana ETFs have made a powerful debut, amassing over $500 million in assets within days of trading on the New York Stock Exchange.
Bitwise’s BSOL led the charge, recording $197 million in net inflows and $222.9 million in seed capital, totaling about $420 million in first-week flows, according to SoSoValue. Bloomberg’s Eric Balchunas hailed BSOL’s debut as one of the strongest among all ETFs this week.
Grayscale’s GSOL, which launched a day later, attracted $2.2 million in inflows but holds over $100 million in SOL with launch capital included. GSOL charges a 0.35% fee compared to BSOL’s 0.20% and will pass 77% of staking rewards to investors. Both ETFs offer exposure to Solana’s network and rewards from staking, joining REX-Osprey’s SSK, which manages about $400 million.
Meanwhile, Bitcoin and Ethereum ETFs also saw robust October performance. Bitcoin ETFs recorded $3.61 billion in inflows and a record $133.45 billion in trading volume, while Ethereum ETFs posted $668 million in inflows and $55.25 billion in trading volume, holding roughly 5% of all ETH in circulation.
The strong debut highlights rising institutional demand for Solana-based investment products.
Image Credit: Pixabay
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