Bitwise’s Solana Staking ETF debuted with $56 million in volume and $220 million initial funding, leading 2024 ETF launches, alongside Canary’s smaller Hedera and Litecoin offerings.
Bitwise’s Solana Staking ETF (BSOL) recorded $56 million in first-day trading volume, the highest among 2024 ETF launches, according to analyst Eric Balchunas. The ETF began with $220 million in initial funding, with scale potential to $280 million. Canary’s Hedera (HBAR) and Litecoin ETFs saw $8 million and $1 million respectively during their launches. These developments expand regulated cryptocurrency ETF options beyond bitcoin and ether.