Bitwise clients buy $25M in SOL, net purchases reach $948M

Bitwise’s Solana staking ETF pulled in $25 million in a single day on August 24, pushing cumulative net purchases of SOL to $948.2 million. That figure has been climbing steadily since BSOL launched on October 28, 2025, when it debuted with over $57 million in first-day inflows. The $25 million haul represented the lion’s share of the $33.5 million that flowed into all Solana ETFs on the same day. It also helped the broader category hit a new cumulative record: $1.22 billion in total net inflows across US spot Solana products. BSOL’s grip on the Solana ETF market BSOL has captured approximately 80% of all inflows into US spot Solana ETFs since its launch. Two structural advantages explain the gap. First, BSOL stakes 100% of its SOL holdings, generating network rewards estimated at roughly 6% gross. Second, the fee structure is aggressively competitive. BSOL charges a 0.20% management fee, and even that modest rate is being waived entirely for the first $1 billion in assets during an introductory period. During the first half of 2026, BSOL alone accounted for $267.1 million in subscriptions. The staking mechanism generated approximately $17.7 million in income over the same period. ...