Bitwise has made headlines once again—this time by setting a new benchmark in the crypto ETF space. On its debut day, the Bitwise Solana Staking ETF recorded an impressive $55 million in trading volume. This makes it the highest first-day volume of any crypto ETF launched in 2025, outpacing similar products across the board.
The ETF provides investors with exposure to Solana’s staking rewards without the technical barriers of managing wallets or delegating tokens. This launch highlights both growing institutional interest in Solana and the increasing popularity of staking-based investment vehicles.
Why This ETF Matters
Unlike traditional crypto ETFs that simply track price movements, Bitwise’s new product adds an extra layer of yield potential by integrating staking. This means investors not only gain exposure to Solana’s price action but can also benefit from staking rewards—something that traditional financial products can’t easily replicate.
This is a game-changer, especially as Solana continues to gain traction as a fast and scalable blockchain. The ETF’s structure lowers the entry barrier for institutions and retail investors looking to tap into Solana’s ecosystem without directly holding the asset.
UPDATE: Bitwise recorded $55M in trading volume on its Solana Staking ETF debut, the highest first-day volume of any crypto ETF launched in 2025. pic.twitter.com/XIdJoPWCLH
— Cointelegraph (@Cointelegraph) October 29, 2025
What It Signals for the Crypto Market
The record-breaking launch of the Solana Staking ETF could mark a turning point for the broader crypto ETF landscape. It signals that the market appetite is shifting towards yield-generating crypto assets, and Solana is at the forefront of this movement.
If the momentum continues, we may soon see more staking-based ETFs emerge, featuring other proof-of-stake blockchains. Bitwise’s success also reinforces confidence in the regulatory acceptance of more sophisticated crypto products in the U.S. market.