Solana’s First U.S. Spot ETF Launches With Strong Demand on Day One

Solana just had a landmark moment in the U.S. market – and investors showed up in a big way. On October 28, the very first Solana spot ETF, the Bitwise Solana Staking ETF (BSOL), officially hit U.S. exchanges and immediately recorded $69.45 million in net inflows during its opening session.

That strong debut pushed the fund’s total net assets to $289 million by the closing bell, according to SoSoValue data. With Solana trading around $195, BSOL now represents roughly 0.27% of the entire SOL market cap, giving traditional investors a new regulated channel to gain exposure to the ecosystem’s growth.

This launch is particularly notable because two other crypto funds that listed the same day (the Canary HBAR ETF and Canary Litecoin ETF) had zero net inflows or outflows. All the enthusiasm was centered around Solana.

On Oct. 28, the first U.S. Solana spot ETF — the Bitwise Solana Staking ETF (ticker: BSOL) — was listed, recording $69.45 million in net inflows on its first day, bringing its net asset value to $289 million. Following its debut, the fund’s total net assets reached $289 million,… pic.twitter.com/jG6RmAakAp

— Wu Blockchain (@WuBlockchain) October 29, 2025

The early demand reflects Solana’s growing position as a mainstream crypto asset. Institutional interest has been climbing over the last year, driven by booming on-chain activity, rising developer momentum, and expanding adoption in payments and tokenization infrastructure. A spot ETF gives both retail and professional investors an easier way to hold SOL without managing wallets or staking themselves.

The timing is interesting too. While crypto markets have seen mixed conditions lately, Solana continues to be one of the strongest assets of the year. The combination of staking integration with a regulated investment product makes BSOL more appealing than a simple spot tracker – investors earn yield while gaining price exposure.

Strong day-one flows don’t guarantee long-term success, but the message here is clear. Wall Street wanted a Solana ETF, and once it arrived, capital moved quickly.

Now, the market will be watching two things closely: whether inflows stay consistent in the coming weeks and how this introduction impacts staking dynamics across the Solana network. If momentum continues, BSOL could become one of the most important crypto investment vehicles launched this cycle.

Read also: Why Solana Can’t Stop Talking About XRP – Analyst Calls Out “Punching Up” Behavior

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Solana’s First U.S. Spot ETF Launches With Strong Demand on Day One appeared first on CaptainAltcoin.