Bitwise Asset Manager's CIO Matt Hougan predicted strong institutional demand for the Bitwise Solana Staking ETF (BSOL), following its first-day trading volume of $56 million. He cited Solana's high blockchain revenue and growing investor interest in crypto ETFs as key drivers.

SUI cryptocurrency has declined 8% to $3.15, testing crucial support within a five-month trading range. The token has retraced 21% weekly from the $3.40 level, challenging the lower boundary of an ascending triangle pattern that analysts believe will determine whether price recovers or breaks down toward $2.40-$2.90.