On October 28, 2025 spot exchange traded funds (ETFs) based on Solana, Litecoin and Hedera debuted on the market, according to SoSoValue. Their total trading volume on the first day totaled $67.92 million, with BSOL accounting for most of it. As a reminder, we previously wrote about these products being launched on Tuesday. The NYSE […] Сообщение Trading Volume for Spot ETFs Based on Solana, Litecoin, and Hedera Amounted to Nearly $68M появились сначала на INCRYPTED.On October 28, 2025 spot exchange traded funds (ETFs) based on Solana, Litecoin and Hedera debuted on the market, according to SoSoValue. Their total trading volume on the first day totaled $67.92 million, with BSOL accounting for most of it. As a reminder, we previously wrote about these products being launched on Tuesday. The NYSE […] Сообщение Trading Volume for Spot ETFs Based on Solana, Litecoin, and Hedera Amounted to Nearly $68M появились сначала на INCRYPTED.

Trading Volume for Spot ETFs Based on Solana, Litecoin, and Hedera Amounted to Nearly $68M

2025/10/29 16:11
  • On October 28, three new spot cryptocurrency ETFs — BSOL, LTCC and HBR — entered the market.
  • The total trading volume on them amounted to almost $68 million.
  • The Solana-based fund prevails in terms of performance.
  • Eric Balchunas stated that in the case of BSOL, this is the best debut in 2025.

On October 28, 2025 spot exchange traded funds (ETFs) based on Solana, Litecoin and Hedera debuted on the market, according to SoSoValue. Their total trading volume on the first day totaled $67.92 million, with BSOL accounting for most of it.

As a reminder, we previously wrote about these products being launched on Tuesday. The NYSE exchange, where they are traded, has filed a corresponding application with the SEC.

These products posted the following results on the first day:

  • BSOL (a Bitwise company). Net capital inflow — $69.45 million. Trading volume — $57.91 million;
  • LTCC (Canary Capital company). Trading volume — $1.38 million, no data on net inflow of funds;
  • HBR (Canary Capital company). Volume of trades — $8.63 million, no data on net inflow of funds.

Bloomberg Intelligence expert Eric Balchunas commented on the launch of the funds. He also shared the forecast of the trading volume — $52 million, $7 million and $8 million, respectively.

Note that in July 2025, the first spot Solana-ETF, from REX Shares and Osprey Funds, entered the U.S. market. This product is structured differently than BSOL, which bypassed the lengthy application process.

This product saw net inflows of about $12 million on the first day. The lower performance is likely due to the fund’s different fund specification than the existing spot bitcoin and Ethereum-ETFs.

BSOL also provides for asset-stacking of the trust. According to the filing, the company intends to use up to 100% of the funds under management for this activity.

According to him, it is the best debut among all exchange-traded funds launched in 2025.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Privacy is ‘Constant Battle’ Between Blockchain Stakeholders and State

Privacy is ‘Constant Battle’ Between Blockchain Stakeholders and State

The post Privacy is ‘Constant Battle’ Between Blockchain Stakeholders and State appeared on BitcoinEthereumNews.com. Blockchain industry participants and regulators continue wrangling over privacy rights as the European Union’s sweeping Anti-Money Laundering (AML) rules look set to ban privacy-preserving tokens and anonymous crypto accounts starting in 2027. Credit institutions, financial institutions and crypto asset service providers (CASPs) will be prohibited from maintaining anonymous accounts or handling privacy-preserving cryptocurrencies under the EU’s new Anti-Money Laundering Regulation (AMLR) that will go into effect in 2027, Cointelegraph reported in May. Maintaining the right to access privacy-preserving coins like Monero (XMR) has been a “constant battle” between blockchain industry stakeholders and regulators, according to Anja Blaj, an independent legal consultant and policy expert at the European Crypto Initiative. “Once you think of how the states want to play out their policies, they want to establish control. They want to understand who the parties are that transact among themselves,” said Blaj, speaking during Cointelegraph’s daily live X spaces show on Sept. 3. “[The state] wants to understand that to be able to prevent whatever crime and scamming is happening, and we want to enforce the policies that we create as a society.” Her comments came as the EU ramped up its regulatory oversight of the crypto industry, building on the bloc’s Markets in Crypto-Assets Regulation (MiCA). Related: Swiss banks complete first blockchain-based legally binding payment Room for negotiation remains While the AML framework is final, regulatory experts still see potential for negotiation until it rolls out in 2027. Policymaking is a “continuous conversation,” meaning that “nothing is set in stone, even if the regulation is already out,” said Blaj. “There are still ways to either talk to the regulators, see how it’s going to play out, how it’s going to be enforced.” While there’s always room for negotiations with policymakers, the regulation concerning privacy-preserving cryptocurrencies and accounts is becoming “more…
Share
BitcoinEthereumNews2025/09/18 12:45