Exactly 10 months after launch, a Solana exchange-traded fund has hit a billion-dollar milestone.
The Bitwise Solana Staking ETF (BSOL) crossed $1 billion in assets under management, the firm said Friday.
The crypto asset manager noted that most of the inflows have come in a bear market, calling it "an impressive indication of investor conviction." "Grateful to investors for trusting Bitwise to steward their investment," the firm said on X.
"Capital markets are coming onchain, and Solana's just getting started." BSOL shares are down about 40% from the price it was listed at, Bitwise President Teddy Fusaro said, while Solana (SOL) is off 60% from its all-time high.
Cumulative trading volume for spot Solana ETFs has surpassed $13 billion since their launch in September 2025, according to The Block's data.
