Bitwise’s Solana ETF Hits $1 Billion AUM Just 10 Months After Launch

Bitwise Takes Solana ETF Past $1 Billion as $SOL Rebounds 46% This Month

Bitwise’s solana staking ETF has surpassed $1 billion in assets under management, a milestone that puts $SOL alongside bitcoin and ether in the small group of cryptocurrencies with billion-dollar ETF products.

The fund, which trades under the ticker BSOL, reached the mark exactly 10 months after launch

“The Bitwise Solana Staking ETF, BSOL, just crossed $1 billion AUM, exactly 10 months after its launch,” the asset manager said on X.

Bitwise noted that most of the roughly $1 billion in inflows arrived during a bear market, suggesting investors continued building exposure despite a difficult first half for digital assets. Across the wider category, U.S. solana ETFs now hold about $1.43 billion in assets, representing about 2.35% of $SOL’s marketcap.

Solana ETF Flows Hold Up Through Market Weakness

The market’s reaction to BSOL crossing $1 billion in assets under management was telling, with Bloomberg ETF analyst Eric Balchunas pointing to roughly $1.7 billion in cumulative flows across the entire category, with little evidence of sustained withdrawals despite the earlier downturn.

Bitwise CEO Hunter Horsley noted that bitcoin, ether and solana are currently the only three crypto assets with ETFs that have grown beyond $1 billion. That distinction matters because ETF scale can deepen liquidity, attract larger institutional allocators and make an asset easier to access through conventional brokerage accounts.

Solana’s recovery has reinforced the trend. $SOL has climbed roughly 46% this month and is about 80% above its June low. The token has moved back above $100, pushing its market capitalization above $60 billion.

Institutional access is also broadening outside 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 roughly 39 million accounts.

The combination of direct brokerage access and growing ETF assets could give solana a larger foothold among traditional investors who do not want to manage tokens or wallets themselves.

For Bitwise, the $1 billion mark is notable not simply because of its size, but because of when it arrived. Much of the capital entered while crypto markets were under pressure. With $SOL now recovering sharply, those flows are beginning to look less like opportunistic trading and more like a sustained institutional allocation.

Source: cryptonews.net