Bitwise’s Solana staking ETF crosses $1B in assets under management in just 10 months

Bitwise’s Solana Staking ETF, trading under the ticker BSOL, surpassed $1 billion in assets under management on August 28, 2026, roughly 10 months after it began trading on October 28, 2025. That makes it the first individual Solana-focused ETF to hit the milestone, and it did so during a period when SOL’s price was roughly 60% below its all-time high. BSOL’s dominance by the numbers The fund held approximately 9.33 million SOL as of August 26, 2026, valued at around $1.018 billion. That stash represents more than 50% of the total assets under management across all Solana-focused ETFs currently on the market. BSOL captured roughly 79% of cumulative net flows into Solana ETF products. Competitors like Grayscale’s GSOL and Fidelity’s FSOL exist, but they’re eating BSOL’s dust by a wide margin. Cumulative trading volume across the entire spot Solana ETF category has exceeded $13 billion since the products launched in late 2025. The staking component is a big part of the appeal. BSOL stakes approximately 96% of its holdings, generating a net staking reward rate of 5.80%. That yield gets passed through to shareholders, essentially paying investors for holding the fund. Growing in a shri...