Bitwise's Solana ETF saw a record-breaking $56 million in day-one trading volume, surpassing over 850 ETFs launched in 2025.
Despite this success, the SOL price dropped due to bearish crypto market trends. The launch of the Solana ETF had been highly anticipated, but was met with a mixed reaction from the community due to regulatory confusion and false starts.
The prospect of a Solana ETF has stirred market expectations for months.
Author's summary: Solana ETF breaks records despite bearish market trends.