Bitwise Crypto ETFs Draw Record $100 Million Amid Bitcoin Recovery
Bitwise's crypto ETFs have attracted significant investor interest in recent days. According to data from Bitget, the funds drew $100 million in one day alone.
Solana products led the flows with around $40 million invested, followed by Bitcoin products at approximately $22 million. Hyperliquid ranked third with roughly $20 million, while XRP products attracted about $12 million. Ethereum-related products accounted for a much lower figure of approximately $1.4 million.
Bitwise's Solana Staking ETF (BSOL) saw its highest trading volume since launch, with over $126 million traded on the day. This represents around 40% of the total inflow into Bitwise’s U.S. ETFs.
The figures come amid a broader trend of renewed interest in crypto investment products following Bitcoin's recovery towards the $80,000 level. Over the past eight trading sessions, U.S. spot Bitcoin ETFs have seen net inflows totaling around $2.8 billion, with BlackRock's IBIT accounting for approximately 72% of this amount.
According to Bloomberg ETF analyst Eric Balchunas, the flows can be linked to a 'debasement trade', where investors are seeking alternative assets amid a broader shift in market sentiment.