Bitwise's solana staking ETF, BSOL, has crossed $1 billion in assets under management 10 months after launch, making solana one of only three crypto assets with an ETF above that threshold, alongside bitcoin and ether. The milestone lands as SOL rebounds sharply and Charles Schwab moves to add spot trading for the token.
BSOL Crosses $1 Billion in Ten Months
Bitwise's solana staking exchange-traded fund has surpassed $1 billion in assets under management, a threshold that puts SOL in the same group as bitcoin and ether. The fund, which trades under the ticker BSOL, reached the mark exactly 10 months after launch, according to Bitwise.
Bitwise wrote on X that BSOL "just crossed $1 billion AUM, exactly 10 months after its launch." The firm noted that most of the roughly $1 billion in inflows arrived during a bear market, suggesting investors kept building exposure despite a difficult first half for digital assets.
Across the wider category, U.S. solana ETFs now hold about $1.43 billion in assets, representing about 2.35% of SOL's market cap.
Flows Hold Up Despite Earlier Weakness
Bloomberg ETF analyst Eric Balchunas pointed to roughly $1.7 billion in cumulative flows across the entire solana ETF category, with little evidence of sustained withdrawals despite the earlier downturn. Bitwise CEO Hunter Horsley noted that bitcoin, ether and solana are currently the only three crypto assets with ETFs that have grown beyond $1 billion.
Solana's recovery has reinforced the trend. SOL has climbed roughly 46% this month and is about 80% above its June low. The token has moved back above $100, pushing its market capitalization above $60 billion.
Schwab Adds Solana as Access Broadens
Institutional access is also broadening outside ETFs. Charles Schwab said on Aug. 27 that it plans to add spot trading for solana, Avalanche and Chainlink to Schwab Crypto in the coming months. The brokerage oversees more than $12 trillion in client assets across roughly 39 million accounts.
For Bitwise, the $1 billion mark stands out less for its size than for its timing. Much of the capital entered while crypto markets were under pressure, and with SOL now recovering sharply, those flows look less like opportunistic trading and more like a sustained institutional allocation.
Source: Bitcoin News
Trading involves risk.
Risk Disclaimer
