The spot Solana ETF from Bitwise attracted about $69.5 million on the first day — significantly more than the staking ETF SSK, which gathered $12 million. This event is considered an important milestone, as institutional investors gained simpler and regulated access to Solana through the exchange.

Kyle Samani from Multicoin Capital called the launch a “watershed moment,” noting that many large funds were previously legally unable to invest in Solana. The advantage of BSOL lies in direct staking of assets, allowing investors to receive the network’s yield of around 7% without complicated schemes.

SSK, in contrast, forms a more diversified portfolio and charges a higher commission — 0.75% versus 0.20%. The difference in structure and fees makes the Bitwise product more attractive for those focused on simplicity and clear yield.

At the same time, Solana’s price remains volatile and fluctuates around $194. Market participants estimate the probability of updating the all-time high this year at about 30%. Analysts note that if demand from funds continues, ETFs may become an important driver of further growth.