Solana ETF Hits $1 Billion as Institutional Demand Surges

The Bitwise Solana ETF has reached a milestone of $1 billion in assets under management, marking a significant increase in institutional demand for SOL.

This comes as SOL's price has rallied by 19% over the past week, with futures activity reaching approximately $14.6 billion compared to around $1.7 billion in spot volume.

The ETF has recorded more than $126 million in trading volume on its strongest single-day performance to date, while cumulative inflows into Solana products have exceeded $1.26 billion.

Institutional accumulation has also continued outside the ETF market, with DeFi Dev Corp purchasing an additional 19,000 SOL for approximately $1.86 million.