“Strong Start”: Solana ETF Leads Trio to $65M Day, Outshining Litecoin and Hedera Funds

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According to data from Bloomberg analyst Eric Balchunas, three new altcoin ETFs generated a cumulative $65 million in their Wall Street debut, but the performance was highly concentrated.

The Bitwise Solana Staking ETF (BSOL) dominated with $56 million, making it the most successful ETF launch of 2024. The first-ever spot Litecoin and Hedera ETFs trailed significantly, with $400,000 and $4 million in volume, respectively.

Balchunas noted the “strong start” for BSOL, which was seeded with a substantial $220 million, suggesting deep institutional backing