Bitwise Solana ETF Surpasses $1 Billion AUM in 10 Months

Bitwise’s link" href="/prices/solana">Solana staking ETF, trading under the ticker BSOL, reached $1 billion in assets under management (AUM) exactly ten months after its launch. The milestone places Solana alongside Bitcoin and Ether as the only cryptocurrencies with ETF products exceeding the billion‑dollar mark.

ETF Growth Amid Market Weakness

According to Bitwise, most of the inflows occurred during a broader market downturn, indicating continued investor interest despite a challenging first half of the year for digital assets. Across all U.S. Solana ETFs, total assets now stand at roughly $1.43 billion, representing about 2.35 % of Solana’s market capitalization.

Liquidity and Institutional Appeal

Bloomberg ETF analyst Eric Balchunas noted approximately $1.7 billion in cumulative flows for the Solana ETF category, with little sign of sustained withdrawals. Bitwise CEO Hunter Horsley highlighted that the scale of these ETFs can deepen liquidity, attract larger institutional allocators, and simplify access through conventional brokerage accounts.

Solana’s Price Recovery

Solana (SOL) has risen roughly 46 % in August, trading above $100 and pushing its market cap above $60 billion, about 80 % higher than its June low.

Broader Brokerage Access

Charles Schwab announced plans to add spot trading for Solana, Avalanche and Chainlink to its Schwab Crypto platform in the coming months. Schwab manages more than $12 trillion in client assets across approximately 39 million accounts, potentially expanding Solana’s exposure to traditional investors who prefer not to hold tokens directly.

Implications for Future Allocation

The timing of the $1 billion AUM milestone—achieved largely during a bear market—suggests that the recent inflows may reflect a more sustained institutional allocation rather than short‑term trading activity.