Bitwise Bets Big on Solana, Nears $1 Billion in Holdings

Bitwise Asset Management has significantly increased its exposure to Solana, with its holdings nearing $1 billion after acquiring $107.4 million worth of SOL over the past month.

The firm's Solana ETF experienced positive inflows during 18 out of the last 20 trading sessions, indicating sustained interest from investors.

As of September 10, Bitwise holds more than 9,030,000 SOL, valued at $918 million at Solana's current price of approximately $101.

This accumulation strategy reflects growing institutional confidence in Solana as a high-conviction digital asset and its potential growth outside of Bitcoin and Ethereum.