Bitwise Solana ETF Surpasses $1 Billion in Assets Under Management
Bitwise's Solana staking fund has reached a significant milestone by crossing $1 billion in assets under management, making BSOL the first Solana ETF to reach this threshold. According to Glassnode, BSOL captured nearly four-fifths of cumulative flows among six products tracked by Farside, with $1.0114 billion of net inflows as of Aug. 26.
The fund's official page listed 9,332,360.79 SOL with a market value of $1.018 billion and net assets of $1.0175 billion on the same date. In comparison, other Solana products tracked by Farside saw $56.1 million in total inflows on Aug. 27, with BSOL accounting for $40.2 million of that amount.
BSOL pairs direct SOL exposure with staking, a feature that Bitwise introduced at launch. The fund has reported that 96% of its assets are staked and displays a 5.80% net staking reward rate as of Aug. 26, in line with the target of staking 100%.