Chain News Daily Today TheBitTimes.com

The launch of the Bitwise Solana Staking ETF (BSOL) marked a standout debut in the U.S. cryptocurrency ETF market on Tuesday. According to Eric Balchunas of Bloomberg Intelligence, BSOL generated around $56 million in first-day trading volume, making it the most active newly launched ETF of 2025, he said in an X post on October 28.  The fund was seeded with roughly $220 million; had the entire amount been deployed, trading volume could have approached $280 million, surpassing the debut of the Ethereum-based ETF. Final tally of Day One trading.. $BSOL: $56m$HBR: $8m$LTCC: $1m I can't believe how close I came. ETF sixth sense for the win. Wish there was a @Polymarket for this I'd be rich. https://t.co/TODOk13WUt — Eric Balchunas (@EricBalchunas) October 28, 2025 Alongside the strong volume, BSOL attracted about $222.8 million in assets on its first day. Balchunas described the launch as “unusually large for a crypto ETF debut,” noting that such flow...

The first U.S. crypto staking exchange-traded fund (ETF) delivered an impressive debut performance, with Bloomberg ETF analyst Eric Balchunas reporting that the REX-Osprey + Staking ETF (SSK) pulled in $12 million in inflows and $33 million in trading volume on its opening day. The Solana ETF $SSK took in $12m on first day, according to Osprey who told Decrypt (we won't see it in data till tonight). That's pretty solid. For context, it took 3mo for $SOLZ to get $12m. Also pre-market volume is $3m (vs 260k for SOLZ), pointing another healthy trading day. https://t.co/ORottKyGXg — Eric Balchunas (@EricBalchunas) July 3, 2025 The fund began trading on Wednesday on the Cboe BZX Exchange at $25.47 per share. The debut performance “blows away” Solana and XRP futures ETFs, according to Balchunas, adding for context, “it took 3mo for $SOLZ to get $12m”.  How a crypto staking ETF works Unlike traditional crypto ETFs, SSK enables investors to ...