Yesterday, October 28, three crypto-based exchange-traded funds (ETFs) began trading on US stock exchanges, showing strong trading performance and attracting market attention.
The most notable debut was that of the Bitwise Solana Staking ETF (BSOL), which exceeded initial expectations and marked a milestone in the launch of this type of financial product this year.
BSOL ETF is issued by management company Bitwise, record Trading volume on the first day was $56 million.especially exceeding the prediction of 52 million made by specialist Eric Balciunas.
Solana funds combine direct exposure to Solana prices with additional income earned through staking. This mechanism allows investors to receive rewards for participating in network security..
Meanwhile, the Litecoin (LTC) ETF and Hedera (HBAR) ETF launched by investment firm Canary Capital also celebrated their opening day.
Trading volume for LTC-based products closed at $1 million and reached $400,000 in the first 30 minutes. The HBAR ETF performed even better, ending the day with trading volume of $8 million.Four million people were reported in the first hour, according to data cited by Balchunas.
The successful start of these three ETFs could be a harbinger of more digital asset-based financial products coming to the U.S. market. Currently, digital assets such as XRP and Cardano are awaiting the arrival of their own ETFs.
CriptoNoticias previously reported that there are 155 ETF proposals that seek to track 35 different digital assets. As interest in these financial instruments increases, Balciunas expects the number of proposals could rise to more than 200 over the next 12 months.highlighting the rapid evolution and institutionalization of the digital asset sector within the traditional financial arena.
(Tag translation) Altcoin
