Bitwise Crypto ETFs Draw Record $100 Million in One Day Amid Bitcoin Rally

Bitwise Crypto ETFs have attracted $100 million in a single day. This influx of investment comes as crypto and Bitcoin investment products are gaining renewed interest, particularly with Bitcoin's recovery towards the $80,000 level.

The majority of this investment, around $40 million, went into Solana-related products. Hyperliquid came in second place with approximately $20 million, while XRP products attracted about $12 million.

Notably, Bitwise Solana Staking ETF (BSOL) recorded its highest trading volume since launch, surpassing $126 million on the day.

Investors are increasingly seeking alternative assets amid a broader 'debasement trade', with gold and Bitcoin funds attracting a combined $7 billion over a five-day period, according to Eric Balchunas. BlackRock's IBIT has accounted for approximately 72% of this inflow streak.