Crypto’s second wave of ETFs arrives as investors snap up Solana product
A flurry of new crypto spot ETFs launched on Tuesday and Wednesday, meaning that mom-and-pop investors can now invest more easily in lesser-known cryptocurrencies. Until this week, these investors could only buy Bitcoin and Ethereum in ETF form, and based on initial demand, at least one of the new offerings is off to a roaring start.
The new ETF provides exposure to Solana, the sixth most popular cryptocurrency. According to Eric Balchunas, an analyst at Bloomberg Intelligence, the Bitwise Solana Staking ETF (BSOL) had the best ETF launch of 2025 in any asset class. Demand for other new ETFs, providing exposure to Litecoin and Hedera, was more muted.
Although crypto exchanges like Coinbase have long sold these cryptocurrencies,…
