Solana Staking ETF Surpasses $1 Billion in Assets Under Management
Bitwise's Solana Staking ETF (BSOL) has reached an impressive milestone in its short history, surpassing $1 billion in assets under management just 10 months after it began trading. This achievement comes despite a downturn in the cryptocurrency market.
The company announced that BSOL's total assets have exceeded $1 billion, with a significant portion of these inflows occurring during a period of weak price performance. Bitwise noted that this demonstrates investors' long-term confidence in Solana.
In a statement on X, the company expressed gratitude to its investors and emphasized that 'Capital markets are moving onto the blockchain, and Solana is just getting started.'
The BSOL shares have lost approximately 40 percent of their value compared to their listing levels on the exchange. Solana's native token, SOL, is trading about 60 percent below its all-time high.