PANews reported on October 30th that, according to The Block, the Bitwise Solana Staking ETF (ticker symbol BSOL), the first Solana spot ETF in the US, showed even stronger performance on its second trading day after setting a record for the highest trading volume among nearly 850 newly listed ETFs this year on its first day. BSOL's trading volume reached $72.4 million on Wednesday, further climbing from the record of $56 million on its first day. Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform, "A trading volume of $72 million is very impressive and a good sign." He also noted that the trading volumes of the Canary Litecoin ETF (LTCC) and the Canary HBAR ETF (HBR) were roughly the same as on Tuesday, at approximately $8 million and $1 million respectively. Balchunas stated that these figures are quite substantial, and pointed out that most ETFs experience a decline in trading volume after the initial hype on their first day. In addition, Grayscale launched its Solana pledged ETF (GSOL), with trading volume of approximately $4 million. Balchunas stated, "It performed steadily, but clearly not as well as BSOL. Being listed just one day later actually has a huge impact, making the competition much more difficult." The REX Osprey Solana pledged ETF (SSK) also attracted approximately $18 million in funds on Wednesday.PANews reported on October 30th that, according to The Block, the Bitwise Solana Staking ETF (ticker symbol BSOL), the first Solana spot ETF in the US, showed even stronger performance on its second trading day after setting a record for the highest trading volume among nearly 850 newly listed ETFs this year on its first day. BSOL's trading volume reached $72.4 million on Wednesday, further climbing from the record of $56 million on its first day. Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform, "A trading volume of $72 million is very impressive and a good sign." He also noted that the trading volumes of the Canary Litecoin ETF (LTCC) and the Canary HBAR ETF (HBR) were roughly the same as on Tuesday, at approximately $8 million and $1 million respectively. Balchunas stated that these figures are quite substantial, and pointed out that most ETFs experience a decline in trading volume after the initial hype on their first day. In addition, Grayscale launched its Solana pledged ETF (GSOL), with trading volume of approximately $4 million. Balchunas stated, "It performed steadily, but clearly not as well as BSOL. Being listed just one day later actually has a huge impact, making the competition much more difficult." The REX Osprey Solana pledged ETF (SSK) also attracted approximately $18 million in funds on Wednesday.

Bitwise's Solana ETF saw trading volume exceed $70 million on its second day.

2025/10/30 07:40
2 min read

PANews reported on October 30th that, according to The Block, the Bitwise Solana Staking ETF (ticker symbol BSOL), the first Solana spot ETF in the US, showed even stronger performance on its second trading day after setting a record for the highest trading volume among nearly 850 newly listed ETFs this year on its first day. BSOL's trading volume reached $72.4 million on Wednesday, further climbing from the record of $56 million on its first day. Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform, "A trading volume of $72 million is very impressive and a good sign." He also noted that the trading volumes of the Canary Litecoin ETF (LTCC) and the Canary HBAR ETF (HBR) were roughly the same as on Tuesday, at approximately $8 million and $1 million respectively. Balchunas stated that these figures are quite substantial, and pointed out that most ETFs experience a decline in trading volume after the initial hype on their first day.

In addition, Grayscale launched its Solana pledged ETF (GSOL), with trading volume of approximately $4 million. Balchunas stated, "It performed steadily, but clearly not as well as BSOL. Being listed just one day later actually has a huge impact, making the competition much more difficult." The REX Osprey Solana pledged ETF (SSK) also attracted approximately $18 million in funds on Wednesday.

Market Opportunity
Blockstreet Logo
Blockstreet Price(BLOCK)
$0.00666
$0.00666$0.00666
-3.95%
USD
Blockstreet (BLOCK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Music body ICMP laments “wilful” theft of artists’ work

Music body ICMP laments “wilful” theft of artists’ work

The post Music body ICMP laments “wilful” theft of artists’ work appeared on BitcoinEthereumNews.com. A major music industry group, ICMP, has lamented the use of artists’ work by AI companies, calling them guilty of “wilful” copyright infringement, as the battle between the tech firms and the arts industry continues. The Brussels-based group known as the International Confederation of Music Publishers (ICMP) comprises major record labels and other music industry professionals. Their voice adds to many others within the arts industry that have expressed displeasure at AI firms for using their creative work to train their systems without permission. ICMP accuses AI firms of deliberate copyright infringement ICMP director general John Phelan told AFP that big tech firms and AI-specific companies were involved in what he termed “the largest copyright infringement exercise that has been seen.” He cited the likes of OpenAI, Suno, Udio, and Mistral as some of the culprits. The ICMP carried out an investigation for nearly two years to ascertain how generative AI firms were using material by creatives to enrich themselves. The Brussels-based group is one of a number of industry bodies that span across news media and publishing to target the fast-growing AI sector over its use of content without paying any royalties. Suno and Udio, who are AI music generators, can produce tracks with voices, melodies, and musical styles that echo those of the original artists such as the Beatles, Depeche Mode, Mariah Carey, and the Beach boys. “What is legal or illegal is how the technologies are used. That means the corporate decisions made by the chief executives of companies matter immensely and should comply with the law,” Phelan told AFP. “What we see is they are engaged in wilful, commercial-scale copyright infringement.” Phelan. In June last year, a US trade group, the Recording Industry Association of America, filed a lawsuit against Suno and Udio. However, an exception…
Share
BitcoinEthereumNews2025/09/18 04:41
Nvidia’s Strategic Masterstroke: Deepening Early-Stage Ties with India’s Booming AI Startup Ecosystem

Nvidia’s Strategic Masterstroke: Deepening Early-Stage Ties with India’s Booming AI Startup Ecosystem

BitcoinWorld Nvidia’s Strategic Masterstroke: Deepening Early-Stage Ties with India’s Booming AI Startup Ecosystem NEW DELHI, INDIA – October 2025: Nvidia Corporation
Share
bitcoinworld2026/02/20 09:30
Interest rate cuts are coming – investors can expect a 200% increase in returns through Goldenmining

Interest rate cuts are coming – investors can expect a 200% increase in returns through Goldenmining

GoldenMining promotes cloud mining contracts with fixed daily payouts and claims of 200% returns, offering XRP, BTC, ETH, and DOGE options with low entry barriers.
Share
Blockchainreporter2025/09/18 00:46