Bitwise’s Solana staking ETF has surpassed $1 billion in assets under management, placing $SOL alongside bitcoin and ether among the small group of cryptocurrencies with ETF products exceeding that threshold.
The fund, which trades under the ticker BSOL, reached the milestone exactly 10 months after its launch, according to Bitwise.
“The Bitwise Solana Staking ETF, BSOL, just crossed $1 billion AUM, exactly 10 months after its launch,”
the asset manager said on X.
Bitwise said most of the approximately $1 billion in inflows arrived during a bear market, indicating that investors continued building Solana exposure despite a difficult first half for digital assets. Across the broader category, U.S. Solana ETFs now hold about $1.43 billion in assets, equivalent to roughly 2.35% of $SOL’s marketcap.
Solana ETF inflows remain resilient during market weakness
The market’s response to BSOL crossing $1 billion in assets has highlighted the strength of demand for Solana investment products. Bloomberg ETF analyst Eric Balchunas pointed to approximately $1.7 billion in cumulative inflows across the entire category, with little evidence of sustained withdrawals despite the earlier market downturn.
Bitwise CEO Hunter Horsley said bitcoin, ether and solana are currently the only three crypto assets with ETFs that have grown beyond $1 billion. The scale of these products can improve liquidity, attract larger institutional investors and make the underlying assets more accessible through conventional brokerage accounts.
Source: Hunter Horsley on X
Solana’s price recovery has reinforced the trend. $SOL has climbed roughly 46% this month and is about 80% above its June low. The token has risen back above $100, lifting its market capitalization above $60 billion.
Institutional access is also expanding beyond ETFs. Charles Schwab said on Aug. 27 that it plans to add spot trading for Solana, Avalanche and Chainlink to Schwab Crypto in the coming months. The brokerage oversees more than $12 trillion in client assets across approximately 39 million accounts.
Growing ETF assets and broader brokerage access could give Solana a stronger foothold among traditional investors who prefer not to manage digital tokens or wallets themselves.
For Bitwise, reaching $1 billion is significant not only because of the fund’s size but also because of the timing. Much of the capital entered while crypto markets were under pressure. As $SOL stages a sharp recovery, those inflows increasingly appear to reflect sustained institutional allocation rather than short-term opportunistic trading.
