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Bitwise SOL ETF Approved During Government Shutdown, Records $56M First-Day Volume

Bitwise’s Solana ETF has sustained daily inflows for eight straight days since launch, amassing over $500 million and highlighting continued investor enthusiasm for regulated crypto products.

SOL

Summary

Bitwise CEO Hunter Horsley reported $30 million in inflows to the Bitwise Solana ETF (BSOL) on November 7. Launched eight days earlier, BSOL has maintained daily inflows every day since inception, bringing its cumulative total to more than $500 million. The ETF, approved during a U.S. government shutdown, recorded a $56 million first-day trading volume, outperforming all other ETF launches in 2025.

Terms & Concepts
  • SOL ETF: An exchange-traded fund designed to track the price of Solana, allowing investors exposure without directly holding the cryptocurrency.
  • Government Shutdown: A situation where non-essential U.S. federal government operations are halted due to funding gaps.
  • Day-One Trading Volume: The total value of shares traded on the first day of an asset’s listing, reflecting initial market interest.