New ETFs for Litecoin, Hedera, and Solana Achieve $65 Million Opening Volume

New ETFs for Litecoin, Hedera, and Solana Achieve $65 Million Opening Volume

Bitwise’s Solana staking ETF hit $72.4M in midweek trading, surpassing its debut record and maintaining lead among 2025 crypto ETF launches.

SOL
LTC
HBAR

Fact Check
The assessment is based on strong, consistent, and direct evidence from multiple authoritative sources. The most relevant and credible sources explicitly confirm the claim. The Block, a highly authoritative crypto news publication, has a report with a title and summary indicating it directly covers the combined day-one trading volume. More explicitly, Token Terminal, a data analytics platform, directly states the ETFs generated '$65 million in day-one trading volume,' citing The Block and acting as a strong secondary confirmation.Further corroborating evidence comes from other relevant sources like CoinDesk, Bitget, and ChainCatcher. While they don't all state the combined total, they report on the significant trading activity for these specific ETFs on their first day, lending credibility to the event's scale. For instance, CoinDesk provides a partial data point that the Solana ETF alone had a volume of $10 million, which is consistent with a larger combined total.There is no conflicting evidence among the provided sources. The sources with low relevance were published before trading began (Yahoo Finance, CoinDesk) or discuss a different event (Odaily) and therefore do not contradict the claim about the final trading volume. The convergence of direct confirmation from high-authority sources and the absence of any contradictory information provides a high degree of confidence in the statement's truthfulness.
Summary

The Bitwise Solana Staking ETF (BSOL) recorded $72.4 million in trading volume on Wednesday, exceeding its $56 million debut and remaining the highest volume crypto ETF launch of 2025. Other ETF performances included $8 million for Canary’s Litecoin product, $1 million for Canary’s Hedera fund, $4 million for Grayscale’s GSOL, and $18 million for REX Osprey’s SSK. These figures underscore sustained investor interest in regulated crypto investment vehicles.

Terms & Concepts
  • Crypto ETF: An exchange-traded fund that tracks the performance of specific cryptocurrencies, allowing investors to gain exposure without directly holding the assets.
  • Solana Staking ETF: An ETF that provides exposure to Solana’s cryptocurrency while incorporating staking rewards into its investment strategy.
  • Litecoin, Hedera, Solana: Litecoin is a peer-to-peer cryptocurrency, Hedera is a decentralized public network with its own token (HBAR), and Solana is a blockchain platform known for high-speed transactions.