The first Solana spot ETF in the United States saw a net inflow of $69.45 million on its first day of listing, bringing its net asset size to $289 million.

PANews reported on October 29th that the Bitwise Solana Staking ETF (BSOL), the first US Solana spot ETF, officially listed on the New York Stock Exchange. According to SoSoValue data, the first day of listing saw a net inflow of $69.45 million and a trading volume of $57.91 million. BSOL's initial pre-IPO subscriptions totaled $223 million, and after its first day of trading, its total net asset value reached $289 million. The SOL net asset value ratio (market capitalization as a percentage of total market capitalization) reached 0.27%. Notably, the Grayscale Solana Trust ETF (GSOL) will also convert from a trust to an ETF and officially list on the NYSE on October 29th, adding another US Solana spot ETF.

The Bitwise Soana Staking ETF, issued by Bitwise Asset Management, was automatically approved for listing on October 28th, during the current US government shutdown, based on the general listing standards for commodity trusts and the exchange's 8-A certification. Its features include: support for cash and physical redemptions, with physical delivery only available for APs; support for Solana to provide additional returns through staking, with 6% of staking returns going to the issuer, custodian, and staking providers, and the remaining 94% included in the ETF's assets; a management fee of 0.20%; and waived management fees and staking commissions within the first three months of listing and for fund size within the first $1 billion.