- Bitwise’s BSOL ETF recorded $69.5 million in net inflows on its debut, outpacing rival Solana funds and setting a 2025 ETF launch record for trading volume.
- SOL price dropped 8% to below $180, erasing 2025 gains, amid pre-FOMC de-risking and large on-chain transfers.
- Analysts see potential for SOL to follow Bitcoin’s post-ETF price pattern, with institutional interest signaling mainstream adoption.
Bitwise Asset Management’s spot Solana ETF (BSOL) launched on October 29, 2025, drawing $69.5 million in net inflows on its first day, bolstered by $222.9 million in seed capital for total assets of $292.4 million.
The fund achieved $57.9 million in trading volume, the highest for any new ETF this year. This performance surpasses the $11.4 million inflows seen by the REX-Osprey Solana Staking ETF (SSK) at its launch.
Despite the ETF success, Solana’s token SOL fell 8% to under $180, eliminating all year-to-date gains for 2025. Factors include market caution before the FOMC meeting and a $205 million SOL transfer by Jump Crypto, possibly indicating rotation to Bitcoin (BTC).
Analysts identified seller dominance, with support at $185–$188 and resistance at $204–$207. This mirrors Bitcoin’s price behavior post-ETF launch, suggesting a potential bottom.
Bitwise CIO Matt Hougan remarked, “I have a feeling the Bitwise Solana Staking ETF, BSOL, is gonna be huge,” highlighting institutional appeal due to Solana’s revenue, as reported in Decrypt.
In related developments, Bitcoin and Ether ETFs saw $448 million in inflows, underscoring growing crypto ETF momentum, according to Bitcoin.com News.
The BSOL launch emphasizes Solana’s push into traditional finance, though crypto’s volatility remains a key risk for investors.
For details on Solana (SOL) and Bitcoin (BTC), visit Cryptopress.site coins. Related article: Bitwise Solana ETF Surges to $72 Million Volume on Second Trading Day.
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