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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/29/2026

Bitwise Solana ETF Becomes First to Surpass $1 Billion AUM

What happened: The Bitwise Solana Staking ETF (BSOL) surpassed $1 billion in assets under management on August 28, less than a year after its launch on NYSE Arca.

Bitwise Solana ETF Becomes First to Surpass $1 Billion AUM

What happened: The Bitwise Solana Staking ETF (BSOL) surpassed $1 billion in assets under management on August 28, less than a year after its launch on NYSE Arca. The ETF, which carries a 0.20% management fee (waived on the first $1B for three months), stakes 100% of its SOL holdings to capture Solana's average 7%+ staking rewards. BSOL now represents over half of the total US spot SOL ETF AUM, with cumulative SOL ETF trading volume exceeding $13 billion since September 2025.

Why it matters: The rapid growth of BSOL highlights persistent institutional interest in Solana, even as the token's price remains down roughly 60% from its all-time high. Advisors have been net buyers of the ETF during Q2, while hedge funds have been net sellers, suggesting a divergence in investor outlooks. The milestone also underscores the appeal of staking yields within regulated ETF wrappers, despite ongoing price volatility in the underlying asset.

Source: The Block, Bitwise Newsroom