$100 Million Flows into Bitwise Crypto ETPs Amid Rising Interest in Cryptocurrency
Bitwise's crypto exchange-traded products (ETPs) saw significant inflows on August 28, reaching $100 million in a single day. This influx of investor capital was largely driven by demand for Solana-based products, which attracted around $40 million.
Bitcoin products came in second place, with approximately $22 million flowing into them. Hyperliquid and XRP-related ETPs also saw substantial interest, accounting for $20 million and $12 million respectively.
Ethereum-based products trailed behind, with only about $1.4 million allocated to them. The Solana Staking ETF (BSOL) recorded its highest trading volume since launch, exceeding $126 million on the day.
The influx of capital into Bitwise's ETPs comes as crypto investment products experience renewed interest following Bitcoin's recovery towards the $80,000 level. U.S. spot Bitcoin ETFs have seen eight consecutive trading sessions of net inflows, with a combined intake of around $2.8 billion over this period.