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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) crossed $1 billion in assets under management on August 28, 2026, less than a year after its October 2025 launch.

Bitwise Solana ETF Becomes First to Surpass $1 Billion AUM

What happened: The Bitwise Solana Staking ETF (BSOL) crossed $1 billion in assets under management on August 28, 2026, less than a year after its October 2025 launch. The fund holds approximately 9.3 million SOL, with 96% staked at a net reward rate of 5.80%. Despite the milestone, BSOL shares are down about 40% from their listing price, and SOL is down 60% from its all-time high. Institutional investors, including Goldman Sachs, have allocated significant capital to Solana ETFs, with the category seeing $1.7 billion in cumulative flows and over $13 billion in trading volume since September 2025.

Why it matters: The rapid growth of BSOL highlights persistent institutional and retail demand for Solana exposure, even amid price declines. The divergence between AUM growth and share price performance suggests investors are using ETF inflows as a long-term conviction signal, rather than chasing short-term price action. The fund's structure, with nearly all assets staked, also sets it apart from traditional crypto ETFs, offering yield alongside price exposure.

Source: The Block