Bitwise's Solana Staking ETF has surpassed $1 billion in assets less than ten months after its launch, becoming the first individual Solana ETF to reach the milestone.
Key Takeaways
BSOL held 9.33 million SOL worth approximately $1.018 billion as of Aug. 26
Bloomberg's Eric Balchunas said Solana funds retained most of $1.7B in cumulative inflows
96% of BSOL's assets were staked with a 5.80% net reward rate
BSOL collected $25M of $33.5M daily inflows on Aug. 24, the largest of 2026
Bitwise Solana ETF Crosses $1 Billion
Bloomberg senior ETF analyst Eric Balchunas said in an Aug. 27 post on X that the Bitwise Solana Staking ETF had become the first Solana ETF to exceed $1 billion in size. Balchunas placed the milestone within a Solana fund category that has attracted about $1.7 billion in cumulative flows, noting the products returned very little capital through redemptions despite SOL's steep decline during the first half of 2026.
Bitwise's official fund data confirmed BSOL had $1.0175 billion in net assets as of Aug. 26. Its portfolio contained 9.33 million SOL with a market value of $1.0176 billion. The closing market price of $15.03 placed shares at a 0.56% premium to NAV. This milestone builds on the broader ETF inflow trend tracked in Bitcoin ETF inflows hitting eight straight days and the Bitwise crypto ETFs attracting $100M in one day.
BSOL Has Dominated Solana ETF Demand
Launched on NYSE Arca on Oct. 28, 2025, BSOL was the first U.S. exchange-traded product to offer 100% direct exposure to SOL. Bitwise set the management fee at 0.20% and waived it for the first three months on the first $1 billion in assets. First-mover status helped BSOL collect about $420 million during its first trading week, according to LSEG data cited by Reuters.
By mid-May, BSOL controlled about 81% of assets in the Solana ETF category. SoSoValue recorded $33.5 million in net inflows on Aug. 24, the largest daily intake of 2026, with BSOL receiving $25 million. Combined volume across tracked funds reached $166.8 million that day, the highest since October 2025. On Aug. 27, Bitwise CEO Hunter Horsley reported approximately $100 million in daily inflows across the firm's U.S. crypto products, with Solana vehicles receiving about $40 million.
Investors Added BSOL During SOL's Decline
BSOL's growth continued even though share value fell during much of 2026. Bitwise's performance data showed a 39.07% year-to-date NAV loss and a 60.15% decline since inception as of July 30. An Aug. 7 SEC filing showed investors contributed $267.1 million in net subscriptions during the first six months of 2026, increasing holdings from 5.15 million SOL to 8.05 million SOL by June 30.
A major U.S. bank later approved BSOL shares as collateral for loans with a maximum loan-to-value ratio of 25%, according to Horsley. As of Aug. 26, 96% of BSOL's assets were staked, with a gross staking reward rate of 6.17% and a net rate of 5.80% calculated as a 90-day average using data from Helius. The fund connects to the broader Solana ecosystem growth covered in Charles Schwab adding SOL trading and the Solana activity hitting record highs.
Looking Ahead
SOL climbed from an Aug. 26 opening near $96.60 to an intraday high around $110 on Aug. 27. Technical support sits near $104.41, while a confirmed break above $110 could expose resistance around $114.88 and $127.83. The $1 billion AUM milestone, combined with staking yields and bank collateral approval, positions BSOL as the dominant vehicle for institutional Solana exposure.
