Bitwise Solana ETF Is First to Cross $1 Billion

Bitwise’s Solana staking fund has crossed $1 billion in assets under management, making BSOL the first Solana ETF to reach the threshold, according to Glassnode.

The official fund page listed 9,332,360.79 SOL with a market value of $1.018 billion and net assets of $1.0175 billion as of Aug. 26.

In a separate measure of the market’s recent momentum, Glassnode said Solana spot ETFs drew $138 million of net inflows over 10 days, their strongest stretch on record. The data provider put the single-day high at $47 million on Tuesday.

BSOL Leads Farside’s Six-Fund Table

A Farside Investors daily table lists six Solana products and shows BSOL with $1.0114 billion of cumulative net flow, against $1.284 billion for the group. That puts Bitwise at nearly 79% of the total in Farside’s coverage.

The concentration persisted in the latest completed session in Farside’s table. The six products took in $56.1 million on Aug. 27, including $40.2 million for BSOL. Grayscale’s GSOL drew $6.2 million and Fidelity’s FSOL added $5.8 million.

BSOL pairs direct SOL exposure with staking. Bitwise’s launch materials said the product began trading on Oct. 28, 2025, and was designed to stake its SOL holdings. The Aug. 26 fund data was recorded nearly 10 months after trading began.

As of Aug. 26, the fund reported that 96% of its assets were staked and displayed a 5.80% net staking reward rate, against a target of staking 100%.