On its second day on the market, the Bitwise Solana Staking ETF smashed its first-day record, recording $72 million in volume. That beat the $56 million in volume it saw on launch day, the highest of any ETF launched this year.
The fund has seen over $116 million in inflows so far, according to SoSoValue.
Meanwhile, Grayscale’s Solana Trust ETF saw $1.4 million in inflows on its first trading day.
These solana funds have been able to list faster thanks to the new generic listing standards the SEC approved last month, which don’t require 19b-4 filings.
Additional solana ETFs are set to hit the market soon, including one from Fidelity, which amended its SEC S-1 filing on Wednesday.
Solana itself taking a hit, along with the broader crypto market, and is down 6.8% in the past 24 hours.
