Bitwise Solana Staking ETF Crosses $1 Billion in Assets

Bitwise’s Solana Staking ETF (ticker BSOL) reported net assets of $1.0175 billion as of August 26, marking the first time a Solana‑focused exchange‑traded fund has surpassed the $1 billion threshold.

Key performance metrics

• Portfolio holds 9.33 million SOL, valued at $1.0176 billion.
• 96 % of assets are staked, delivering a net reward rate of 5.80 % (gross 6.17 %).
• Net asset value (NAV) per share: $14.95; market price: $15.03, a 0.56 % premium.
• 30‑day median bid‑ask spread: 0.10 %.

Market share and inflows

Since its NYSE Arca debut on October 28, 2025, BSOL has dominated the U.S. Solana ETF space, controlling roughly 81 % of tracked Solana fund assets by mid‑2025. Recent daily inflows reached $25 million on August 24, contributing to a five‑day total of $61.8 million across U.S. spot Solana ETFs.

Investor activity amid price volatility

Despite a 39.07 % year‑to‑date NAV decline and a 60.15 % drop since inception (as of July 30), the fund continued to attract capital. Net subscriptions of $267.1 million were recorded in the first half of 2026, expanding holdings from 5.15 million SOL at the end of 2025 to 8.05 million SOL by June 30.

Staking and fee structure

BSOL delegates most of its SOL to validators, reinvesting earned rewards into the portfolio rather than distributing cash. The fund’s management fee is 0.20 %, waived for the first three months on the initial $1 billion of assets.

Additional developments

• A major U.S. bank approved BSOL shares as collateral for loans up to a 25 % loan‑to‑value ratio.
• Trading volume on August 24 hit $166.8 million across tracked Solana ETFs, with BSOL accounting for $108 million.