Altcoins News

Story: Bitwise Solana ETF Attracts $69.5M on Debut, Surpasses Rival Fund

By Julie Binoche

1 / 15

A Milestone Moment for Solana ETFs. Kyle Samani, managing partner at Multicoin Capital, described the moment as a “watershed event,”…

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Why Bitwise’s BSOL Stands Out. One of the primary reasons behind Bitwise’s strong debut is its low-cost, yield-generating…

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How It Compares: Rex-Osprey’s SSK Fund. In contrast, the Rex-Osprey Solana Staking ETF (SSK) offers a diversified structure, spreading its…

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Grayscale Enters the Competition. The Solana ETF landscape is becoming increasingly competitive.

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What This Means for Solana’s Future. The debut of multiple Solana ETFs represents a major step toward mainstreaming Solana as an…

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The Bottom Line. Bitwise’s $69.5 million debut has made a strong statement — institutions appear to prefer direct…

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Bitwise Asset Management’s Solana ETF (BSOL) recorded an impressive debut on Tuesday, drawing $69.5 million in inflows, according to data from Farside Investors.

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The early success highlights growing institutional interest in Solana-based investment products and suggests that Bitwise’s direct staking model may be resonating more with…

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Kyle Samani, managing partner at Multicoin Capital, described the moment as a “watershed event,” emphasizing that the majority of institutional capital had been legally unable to…

10 / 15

“All of this changes today,” he posted on X (formerly Twitter), celebrating the fact that large-scale investors can now access spot Solana exposure through regulated…

11 / 15

The Bitwise Solana ETF (BSOL) offers investors a direct stake in Solana (SOL), one of the fastest-growing smart contract blockchains known for its high throughput and low…

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One of the primary reasons behind Bitwise’s strong debut is its low-cost, yield-generating structure. BSOL started on the New York Stock Exchange with a 0.

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Unlike other products that rely on third-party entities to stake assets, Bitwise handles staking internally, passing the full network yield — roughly 7% annually — directly to…

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In a post on Tuesday, Bitwise CIO Matt Hougan wrote, “Institutional investors love ETFs, and they love revenue. Solana has the most revenue of any blockchain.

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In contrast, the Rex-Osprey Solana Staking ETF (SSK) offers a diversified structure, spreading its exposure across multiple assets tied to Solana.

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