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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 shrinking market
BSOL launched during what many characterized as a bear market, and the roughly 60% decline in SOL’s price from its peak would normally scare off all but the most committed buyers. Net inflows continued anyway. Bitwise called the sustained inflows an “impressive indication of investor conviction.”
The 5.80% staking yield also changes the math on holding through a downturn. An investor watching SOL decline in price has a reason to stay put: those staking rewards compound over time and can partially offset unrealized losses. It’s a cushion that a non-staking ETF simply can’t offer, which helps explain why BSOL has pulled so far ahead of competing products that may not stake as aggressively.
The broader ETF landscape
BSOL’s milestone comes alongside parallel growth in Bitcoin and Ethereum ETFs, both of which have also crossed the $1 billion AUM threshold. Bitcoin ETFs got a multi-year head start, and Ethereum ETFs followed. Solana ETFs are the newest entrants, with BSOL reaching $1 billion approximately 10 months after launch.
For Solana’s ecosystem, having over 9 million SOL locked up in a single regulated fund adds supply-side pressure, as those tokens are committed to the network through staking rather than sitting on exchanges.
A 60% drawdown from all-time highs is a real number with real consequences for investors who bought near the top. Staking yields of 5.80% help, but they don’t come close to making an investor whole after that kind of decline in the short term. And the concentration of Solana ETF assets in a single product creates its own risk: if BSOL experienced significant outflows for any reason, the impact on SOL’s market price could be amplified given that it controls over 50% of the category’s assets.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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