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Solana News Update: Institutional Momentum: Solana ETF Surges as Competing Altcoins Remain Flat

Solana News Update: Institutional Momentum: Solana ETF Surges as Competing Altcoins Remain Flat

Bitget-RWA2025/10/29 21:54
By:Bitget-RWA

The Bitwise

ETF (BSOL) set a new record on October 28, 2025, attracting $69.5 million in investments on its opening day—more than any of the 800+ ETFs introduced this year, as highlighted in a by Nate Geraci from the ETF Institute. As the first spot Solana ETF available in the U.S., the fund saw significant interest from institutions. Bloomberg’s Eric Balchunas pointed out that its trading volume reached $55.4 million, surpassing other altcoin ETFs such as Canary’s and products, according to a .

BSOL’s impressive launch highlights the rising confidence among institutional investors in Solana (SOL), which has become one of the standout cryptocurrencies in the current bull run. The ETF’s approval process was accelerated thanks to an SEC rule that allows for faster review of filings meeting S-1 form criteria—an advantage during the ongoing U.S. government shutdown, as noted by TradingView. This regulatory approach has paved the way for more altcoin ETFs, with experts like Geraci expecting approvals for

, Litecoin (LTC), and additional tokens in the coming weeks, according to a .

Solana News Update: Institutional Momentum: Solana ETF Surges as Competing Altcoins Remain Flat image 0

However,

all altcoin ETFs experienced similar results. While BSOL’s launch was strong, Canary Capital’s HBAR and Litecoin ETFs saw limited activity, with trading volumes of $8 million and $1 million respectively, but no net inflows, as reported by a . Analyst James Seyffart explained that this is common for new ETFs, which often see little to no flows on their first day due to initial supply and demand mismatches. This difference underscores Solana’s stronger position in the market compared to smaller altcoins like HBAR and , which continue to face hurdles in ecosystem growth and investor recognition, as mentioned in an .

The overall altcoin ETF sector is gaining traction. With numerous 8-A and S-1 filings, asset managers such as Grayscale and Bitwise are preparing for a regulatory reset after the government shutdown. Geraci anticipates a “streamlined process” once the SEC is fully operational again, according to the CryptoTimes report. This trend signals Wall Street’s growing interest in cryptocurrencies beyond

and , with staking-enabled ETFs like BSOL offering opportunities for yield, as reported by .

Looking forward, BSOL’s strong performance could encourage more investment into the Solana ecosystem. With Grayscale’s Solana Trust ETF (GSOL) preparing to launch and institutional interest in staking rewards on the rise, SOL’s market cap—now at $107.4 billion—could see further growth, according to Crypto.News. Meanwhile, the modest response to HBAR and LTC ETFs suggests that not every altcoin will benefit equally from the current regulatory environment, with market fundamentals and institutional trust remaining key factors, as noted in a

.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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