PANews reported on October 30th that, according to The Block, the Bitwise Solana Staking ETF (ticker symbol BSOL), the first Solana spot ETF in the US, showed even stronger performance on its second trading day after setting a record for the highest trading volume among nearly 850 newly listed ETFs this year on its first day. BSOL's trading volume reached $72.4 million on Wednesday, further climbing from the record of $56 million on its first day. Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform, "A trading volume of $72 million is very impressive and a good sign." He also noted that the trading volumes of the Canary Litecoin ETF (LTCC) and the Canary HBAR ETF (HBR) were roughly the same as on Tuesday, at approximately $8 million and $1 million respectively. Balchunas stated that these figures are quite substantial, and pointed out that most ETFs experience a decline in trading volume after the initial hype on their first day. In addition, Grayscale launched its Solana pledged ETF (GSOL), with trading volume of approximately $4 million. Balchunas stated, "It performed steadily, but clearly not as well as BSOL. Being listed just one day later actually has a huge impact, making the competition much more difficult." The REX Osprey Solana pledged ETF (SSK) also attracted approximately $18 million in funds on Wednesday.PANews reported on October 30th that, according to The Block, the Bitwise Solana Staking ETF (ticker symbol BSOL), the first Solana spot ETF in the US, showed even stronger performance on its second trading day after setting a record for the highest trading volume among nearly 850 newly listed ETFs this year on its first day. BSOL's trading volume reached $72.4 million on Wednesday, further climbing from the record of $56 million on its first day. Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform, "A trading volume of $72 million is very impressive and a good sign." He also noted that the trading volumes of the Canary Litecoin ETF (LTCC) and the Canary HBAR ETF (HBR) were roughly the same as on Tuesday, at approximately $8 million and $1 million respectively. Balchunas stated that these figures are quite substantial, and pointed out that most ETFs experience a decline in trading volume after the initial hype on their first day. In addition, Grayscale launched its Solana pledged ETF (GSOL), with trading volume of approximately $4 million. Balchunas stated, "It performed steadily, but clearly not as well as BSOL. Being listed just one day later actually has a huge impact, making the competition much more difficult." The REX Osprey Solana pledged ETF (SSK) also attracted approximately $18 million in funds on Wednesday.
Bitwise's Solana ETF saw trading volume exceed $70 million on its second day.
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
PANews reported on October 30th that, according to The Block, the Bitwise Solana Staking ETF (ticker symbol BSOL), the first Solana spot ETF in the US, showed even stronger performance on its second trading day after setting a record for the highest trading volume among nearly 850 newly listed ETFs this year on its first day. BSOL's trading volume reached $72.4 million on Wednesday, further climbing from the record of $56 million on its first day. Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform, "A trading volume of $72 million is very impressive and a good sign." He also noted that the trading volumes of the Canary Litecoin ETF (LTCC) and the Canary HBAR ETF (HBR) were roughly the same as on Tuesday, at approximately $8 million and $1 million respectively. Balchunas stated that these figures are quite substantial, and pointed out that most ETFs experience a decline in trading volume after the initial hype on their first day.
In addition, Grayscale launched its Solana pledged ETF (GSOL), with trading volume of approximately $4 million. Balchunas stated, "It performed steadily, but clearly not as well as BSOL. Being listed just one day later actually has a huge impact, making the competition much more difficult." The REX Osprey Solana pledged ETF (SSK) also attracted approximately $18 million in funds on Wednesday.
Market Opportunity
Blockstreet Price(BLOCK)
$0,005836
$0,005836$0,005836
USD
Blockstreet (BLOCK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Silver Prices Edge Closer to a Pivotal Support and Resistance Test
The post Silver Prices Edge Closer to a Pivotal Support and Resistance Test appeared on BitcoinEthereumNews.com. The silver market, although experiencing recent
Share
BitcoinEthereumNews2026/03/07 11:29
U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam
The post U.S. Court Finds Pastor Found Guilty in $3M Crypto Scam appeared on BitcoinEthereumNews.com. Crime 18 September 2025 | 04:05 A Colorado judge has brought closure to one of the state’s most unusual cryptocurrency scandals, declaring INDXcoin to be a fraudulent operation and ordering its founders, Denver pastor Eli Regalado and his wife Kaitlyn, to repay $3.34 million. The ruling, issued by District Court Judge Heidi L. Kutcher, came nearly two years after the couple persuaded hundreds of people to invest in their token, promising safety and abundance through a Christian-branded platform called the Kingdom Wealth Exchange. The scheme ran between June 2022 and April 2023 and drew in more than 300 participants, many of them members of local church networks. Marketing materials portrayed INDXcoin as a low-risk gateway to prosperity, yet the project unraveled almost immediately. The exchange itself collapsed within 24 hours of launch, wiping out investors’ money. Despite this failure—and despite an auditor’s damning review that gave the system a “0 out of 10” for security—the Regalados kept presenting it as a solid opportunity. Colorado regulators argued that the couple’s faith-based appeal was central to the fraud. Securities Commissioner Tung Chan said the Regalados “dressed an old scam in new technology” and used their standing within the Christian community to convince people who had little knowledge of crypto. For him, the case illustrates how modern digital assets can be exploited to replicate classic Ponzi-style tactics under a different name. Court filings revealed where much of the money ended up: luxury goods, vacations, jewelry, a Range Rover, high-end clothing, and even dental procedures. In a video that drew worldwide attention earlier this year, Eli Regalado admitted the funds had been spent, explaining that a portion went to taxes while the remainder was used for a home renovation he claimed was divinely inspired. The judgment not only confirms that INDXcoin qualifies as a…
Share
BitcoinEthereumNews2025/09/18 09:14
![[Newspoint] Overpaid troll](https://www.rappler.com/tachyon/2026/02/Screenshot-2026-02-23-at-8.11.02-PM.png?resize=75%2C75&crop=439px%2C0px%2C1070px%2C1070px)
[Newspoint] Overpaid troll
KAUFMAN. Former president Rodrigo Duterte's lawyer Nicholas Kaufman delivers his opening statement before the ICC Pre-Trial Chamber I on February 23, 2026.
Share
Rappler2026/03/07 11:00