Bitwise Accumulates $107.4 Million in SOL as Solana ETF Inflows Persist
Leading asset management firm Bitwise has significantly increased its Solana position, acquiring $107.4 million worth of SOL tokens despite sluggish momentum in the broader Solana ETF market. The substantial purchase, identified through on-chain analytics platform Arkham Intelligence, coincides with a month of consistent capital inflows into the firm’s Solana investment product.
Institutional Investors Leverage Price Weakness
Amid ongoing volatility across the cryptocurrency market, institutional investors appear to be treating the recent decline in Solana’s price as a strategic entry point. The data reveals that Bitwise executed the large-scale accumulation after its Solana ETF recorded steady, modest inflows across 20 consecutive trading sessions. During this period, only two sessions registered outflows, indicating sustained positive demand for the fund on the vast majority of trading days.
Holdings Approach $1 Billion Milestone
This latest acquisition has propelled Bitwise’s total Solana holdings toward a historic threshold. As of Thursday, September 10, the firm holds over 9,030,000 SOL. Based on a current market price of approximately $101 per token, the portfolio is valued at roughly $918 million. At the current accumulation rate, Bitwise is on track to surpass $1 billion in Solana assets under management in the near term, underscoring growing institutional conviction in the Solana ecosystem.
