• Three ETFs monitoring Solana, Litecoin, and Hedera launched on Wall Avenue, producing US$65 million (AU$98.5 million) in first-day buying and selling quantity.
  • Bitwise’s Solana Staking ETF led with US$56 million (AU$84.9 million), supported by its 7% yield mannequin and zero-fee launch interval.
  • The ETF wave highlights rising institutional curiosity, with over 150 crypto ETF filings pending and JPMorgan forecasting US$6 billion inflows.

Three new cryptocurrency exchange-traded funds (ETFs) monitoring Solana, Litecoin, and Hedera started buying and selling on Wall Avenue on 28 October, producing a mixed US$65 million (AU$98.5 million) in first-day buying and selling quantity. The launches mark a big step for altcoins as buyers diversify past Bitcoin and Ethereum.

Bitwise’s Solana Staking ETF (BSOL), the primary US ETF to supply 100% direct publicity to Solana, was the clear frontrunner, accounting for US$56 million (AU$84.9 million) in turnover – the best opening-day quantity of any ETF debut in 2025. Inside the first hour, BSOL had already seen US$10 million (AU$15.2 million) in trades, whereas Canary Capital’s HBAR ETF recorded US$4 million (AU$6.1 million) and its Litecoin ETF about US$400,000 (AU$606,000).

BSOL’s sturdy begin was underpinned by its staking mannequin, which makes use of Helius Labs’ on-chain infrastructure to generate round 7% annual yield. Bitwise launched a zero-fee incentive lasting three months or till the fund reaches US$1 billion (AU$1.52 billion) in belongings underneath administration, aiming to draw institutional buyers.

Associated: IBM Launches ‘Digital Asset Haven’ to Empower Institutions in the Tokenised Economy

A New Period for Regulated Crypto Funds

The Hedera and Litecoin funds, each managed by Canary Capital, turned the primary ETFs to supply direct spot publicity to these tokens following regulatory clearance after earlier government-related delays. Gregg Bell from the Hedera Basis described the milestone as a “new chapter” for regulated crypto entry.

The wave of ETF approvals displays a broader surge in institutional curiosity. As of 20 October, greater than 150 crypto ETF filings have been awaiting US Securities and Trade Fee overview, overlaying 35 digital belongings. Analysts anticipate the momentum to proceed, with JPMorgan projecting as much as US$6 billion (AU$9.1 billion) in inflows for Solana ETFs of their first 12 months.

Associated: Citi and Coinbase Join Forces to Power 24/7 Digital Asset Payments for Institutions

The submit Altcoin ETFs Make Splashy Wall Street Debut as Solana Fund Leads With Record Volume appeared first on Crypto News Australia.