Bitwise Surpasses $1 Billion in Solana ETF Assets Amid Strong Investor Demand

Bitwise's Solana ETF (BSOL) has surpassed $1 billion in assets under management, making it the first to reach this milestone. This achievement comes as spot Solana ETFs have seen their strongest inflow streak on record, with $138 million in net inflows over the last ten days. Bitwise's BSOL holds approximately 9.3 million SOL and has been a leading contributor to the Solana ETF category's cumulative flows of around $1.7 billion.

The Solana community is considering proposals to reduce SOL issuance and increase token burns, which could create additional supply pressure. Meanwhile, DeFi Development Corp. added another 19,000 SOL to its treasury holdings, increasing them to approximately 2.33 million SOL for long-term holding and staking.