Bitwise's Solana Staking Fund Tops $1 Billion in Assets Under Management

Bitwise's Solana staking fund has reached an impressive milestone of $1 billion in assets under management, making BSOL the first Solana ETF to surpass this threshold. According to Glassnode, BSOL listed 9,332,360.79 SOL with a market value of $1.018 billion and net assets of $1.0175 billion as of August 26.

The strong momentum in the market is reflected in the recent inflows into Solana spot ETFs, which drew $138 million of net inflows over 10 days, their strongest stretch on record. Glassnode reported that the single-day high was $47 million on Tuesday.

BSOL dominates Farside's six-fund table, with nearly four-fifths of cumulative flows among these products, totaling $1.0114 billion. Bitwise's Solana staking fund pairs direct SOL exposure with staking and has a net staking reward rate of 5.80%, against a target of staking 100%. As of August 26, the fund reported that 96% of its assets were staked.