Bitwise's BSOL ETF Fueled by $1B in Assets Amid SOL Price Surge

Bitwise's Onchain Solutions validator saw an influx of SOL in August, reaching 1.27 million and vaulting it to the fifth-largest validator on the Solana network.

This growth is largely attributed to Bitwise's BSOL ETF, which stakes nearly all its Solana holdings through the same validator. The fund crossed $1 billion in assets under management by late August, becoming the first Solana ETF to hit that mark.

The BSOL ETF launched on October 28, 2025, with a straightforward pitch: buy SOL exposure and earn staking yield on top of it. The fund targets 100% staking of its holdings, with roughly 96% of its 9.33 million SOL actively staked at a net yield of approximately 5.8% after fees.

The fund has captured somewhere between 77% and 80% of all US spot Solana ETF inflows since launch. On August 27 alone, the fund saw $60.91 million in single-day inflows, its peak for the month.