Bitwise's Solana Staking ETF Continues to Dominate US Market

Bitwise's Solana Staking ETF, BSOL, has continued its dominance in the US spot fund category for Solana tokens. Since its debut on October 28, 2025, the fund has facilitated the purchase of approximately $948 million worth of SOL on the open market to back new shares issued to clients.

This represents around 80% of total net inflows in the US spot Solana ETF category, making BSOL a significant player. The fund's unique feature is that it directly holds and stakes SOL, targeting a gross annual yield of roughly 7%, which provides investors with exposure to SOL's price movements and staking rewards.

The fee structure has also been attractive, with a management fee of 0.20% waived entirely for the first $1 billion in assets under management. This, combined with its staking component, has contributed to BSOL's success and market share.