Key Highlights
- Bitwise’s Solana Staking ETF (BSOL) reached $1 billion in AUM just 10 months after launch.
- Most of BSOL’s inflows came during a bear market, despite SOL being about 60% below its all-time high.
- Solana ETF activity is growing, with $1.7 billion in total flows and more than $13 billion in trading activity since launch.
Bitwise’s Solana Staking ETF (BSOL) has reached $1 billion in assets under management just 10 months after it launched as investors continue to pour into the fund despite a tough period for the crypto market.
In a Friday post on X, Bitwise said most of the money that flowed into BSOL came during a bear market.
For Bitwise, the milestone is important because investors kept buying into the fund even while Solana and the wider crypto market were going through a difficult period.
The crypto asset manager called the strong inflows “an impressive indication of investor conviction.” Bitwise also thanked investors for trusting the company with their money.
“Grateful to investors for trusting Bitwise to steward their investment … .Capital markets are coming onchain, and Solana’s just getting started. “ it said.
BSOL reaches $1 billion despite losses
BSOL is reaching the $1 billion mark even though its own share price has fallen sharply since launch.
Bitwise President Teddy Fusaro said the ETF is about 40% below the price at which it was first listed. This means the growth in the fund’s assets has not simply come from Solana’s price rising. Investors have continued putting money into the ETF while its market price has faced pressure.
Solana itself has also had a difficult run. The SOL token is still about 60% below its all-time high. However, the token has recently started to recover. Solana’s price has climbed nearly 45% over the past month as the wider crypto market began to improve, according to data from CoinMarketCap.
At the time of writing, the SOL is trading for $103, after nearly reaching $110 this week.
Solana ETFs attract more activity
The recovery is also happening alongside growing activity in Solana ETFs. Spot Solana ETFs have recorded more than $13 billion in total net assets since they launched in September 2025, according to data from SosoValue. This shows that investors have been actively trading these products since they entered the market.
Money has also continued to move into the wider Solana ETF group. The category has recorded about $1.7 billion in total flows, according to Bloomberg Senior ETF analyst Eric Balchunas. He pointed out that there has been no long period of money leaving the products, even after a very difficult first half of the year.
“The category has seen $1.7b in cumulative flows w really no outflow stretch despite coming off a nightmare downturn first half of year. Impressive,” Balchunas wrote on X.
The recent improvement in the crypto market has given Solana another boost. Bitcoin has moved toward $80,000 for the first time in months, while the broader market has started to recover from its earlier losses.
Big financial firms are buying Solana
At the same time, more large financial companies are making it easier for investors to access Solana.
Charles Schwab, which manages about $12 trillion in assets, said this week that it plans to begin offering spot Solana trading in the coming months. The move adds to the growing interest from traditional financial firms in the Solana market.
Large investors are also taking positions in Solana ETFs. Goldman Sachs is the biggest known holder of spot Solana ETFs, with nearly $90 million in holdings. Bloomberg Intelligence analyst James Seyffart said financial advisors were strong buyers during the second quarter, while hedge funds were net sellers.
BSOL launched in October 2025 as a Solana-focused ETF, giving investors a way to gain exposure to SOL through a fund instead of buying the token directly. In just 10 months, the fund has grown to $1 billion in assets, even with Solana still well below its previous high.
Also Read: Bitcoin Posted Its Biggest Weekly Gain Ever Last Week
