The first U.S. Solana spot ETF saw a net inflow of $69.45 million on its first trading day, with net assets reaching $289 million.

Techub News, according to SoSoValue data, the first U.S. Solana spot ETF, the Bitwise Solana Staking ETF (Ticker: BSOL), had a net inflow of $69.45 million and a trading volume of $57.91 million on its first day of listing. The BSOL had an initial pre-listing subscription size of $223 million, with a total net asset value of $289 million after its first day of trading. The SOL net asset ratio (its market cap as a percentage of SOL's total market cap) reached 0.27%. The Grayscale Solana Trust ETF (Ticker: GSOL) will also convert from a trust to an ETF on October 29 and officially list on the NYSE. The Bitwise Solana Staking ETF is issued by Bitwise Asset Management. During the current U.S. government shutdown, the issuer, based on the general listing standards for commodity trusts and having obtained exchange certification 8-A, saw its prospectus automatically become effective and permit listing on October 28 after satisfying the 20-day period. Its features include: supporting cash and in-kind creations and redemptions, with in-kind delivery only available to Authorized Participants; supporting additional yield through Solana staking, with 6% of the staking yield allocated to the issuer, custodian, and staking provider, and the remaining 94% of the yield credited to the ETF's assets; a management fee rate of 0.20%; and a waiver of management fees and staking revenue share for the first three months post-listing and for the first $1 billion in fund assets.