$267M Inflows into Bitwise's Solana ETF Erased by Market Losses

The Bitwise Solana ETF (BSOL) experienced significant inflows in the first half of 2026, with $267.1 million pouring into the fund from share transactions.

However, despite this influx of capital, the fund's net asset value per share plummeted from $16.37 to $10.01 due to substantial mark-to-market losses on its Solana holdings.

The ETF recorded a $316.0 million decline from operations during the six months, exceeding the $267.1 million net capital increase.

Net investment income for the fund came in at $17.7 million, including $19.2 million in staking rewards before net expenses.