Bitwise Soars to Fifth-Largest Solana Validator

Bitwise's Onchain Solutions validator took in $1.27 million in net staking inflows during August, propelling it to the fifth-largest Solana validator on the network. The influx boosted the validator's total active stake to approximately 9.455 million SOL, up from around 8.3 million SOL in mid-July.

The growth is largely attributed to Bitwise's BSOL ETF, which staked nearly all of its Solana holdings through the same validator and reached $1 billion in assets under management by late August. This milestone makes it the first Solana ETF to hit this mark.

BSOL has captured between 77% and 80% of all US spot Solana ETF inflows since launch, with a single-day peak of $60.91 million on August 27. Total inflows across all US spot Solana ETFs have exceeded $1.3 billion since the category debuted.