Bitwise SOL Staking ETF Hits Record Volume Amid SOL Price Watch
Bitwise’s Solana staking exchange-traded fund recorded its highest trading volumes since launch, according to coingape.com, as investor interest in regulated SOL investment products continues to build.
The report noted that the surge in volume comes as market participants closely track Solana’s price action, with SOL trading near $94 at the time of the report, up roughly 2.2% over the prior 24 hours, based on figures cited by coingape.com.
Staking-enabled ETFs allow investors to gain exposure to an underlying asset while also earning staking rewards, a structure that has drawn growing attention from institutional and retail investors seeking yield alongside price exposure. Bitwise has positioned its SOL staking product as a vehicle for capturing both network rewards and potential price appreciation within a traditional fund wrapper.
coingape.com framed the record volume as a signal of expanding demand for Solana-linked investment vehicles, coming amid a broader market backdrop that saw other major tokens post gains. Bitcoin was reported near $77,218, down about 0.7%, while Ethereum traded around $2,431, up 1.4%. XRP and Dogecoin posted larger gains, up 7.8% and 6.7% respectively, according to the figures included in the report.
The source did not provide specific volume figures for the Bitwise SOL staking ETF, nor did it detail underlying reasons for the surge beyond linking it to heightened trading interest in Solana. coingape.com’s report centered on the ETF milestone as a data point relevant to near-term price sentiment for SOL, without citing analyst price targets or technical forecasts in the portion of the report reviewed.
Market observers will likely watch whether continued inflows into staking-enabled products translate into sustained demand for SOL itself, as issuers expand regulated access to staking yields through exchange-traded structures.
Based on reporting by coingape.com.
