Solana ETF Surpasses $1 Billion as Institutional Demand Drives Token Price Rally
Bitwise's Solana Staking ETF (BSOL) has hit $1 billion in assets under management, marking a significant milestone for the exchange-traded fund. The ETF recorded over $126 million in trading volume on its strongest single day yet, with cumulative inflows into Solana products reaching approximately $1.26 billion.
This growth comes as the SOL token price has rallied 19% over the past week, driven by both institutional accumulation and derivatives activity. Futures trading volume reached around $14.6 billion, significantly higher than spot volume of $1.7 billion.
The accelerated disinflation schedule approved by Solana validators will reduce the number of new SOL entering circulation. Estimates suggest that 18.9 million fewer SOL could be issued over the next six years under the revised schedule.