Bitwise’s Solana ETF (BSOL) has officially set a new record as the largest ETF launch of 2025 by trading volume, underscoring renewed institutional demand for Solana despite broader crypto market volatility.
According to data from the first week of trading, BSOL attracted $197 million in net inflows, while its counterpart, Grayscale’s GSOL, saw a modest $2.2 million in inflows. Combined, Solana ETFs accumulated nearly $200 million, signaling that investor appetite for alternative Layer 1 assets remains strong.
The Bitwise fund, which charges a 0.20% management fee and supports staking rewards, led the inflow surge across all crypto ETFs during the week ending October 31, 2025. Seed investments began at $222.9 million, followed by daily inflows of $69.5 million on October 28, $46.5 million on October 29, $36.5 million on October 30, and $44.5 million on October 31.
Despite a brief sell-off in both Bitcoin and crypto ETFs earlier in the week, the steady inflows into Solana ETFs have been interpreted by analysts as evidence that the bull market remains intact. Solana’s strong performance this quarter, both on-chain and in institutional products, continues to position it as one of the most resilient assets in the post-ETF approval landscape.
Industry observers note that Bitwise’s success with BSOL mirrors early Bitcoin ETF adoption patterns, where capital inflows persisted even during market corrections. If the trend continues, Solana could become the second-largest crypto ETF category after Bitcoin, marking a significant milestone for the broader digital asset ecosystem.