Crazy 😳Bitwise’s Solana Staking ETF has officially crossed $1 BILLION in assets.
In just 10 months, it became the first Solana ETF to hit this milestone, holding roughly 9.33 million $SOL , with about 96% of it staked.
SOL is still trading near $105 almost 60% below its peak. So despite the massive institutional accumulation, price hasn’t broken out yet.
For now, this looks more like heavy accumulation and consolidation before the next major move.
I have already placed big orders on sol long and Spot
In just 10 months, it became the first Solana ETF to hit this milestone, holding roughly 9.33 million $SOL , with about 96% of it staked.
SOL is still trading near $105 almost 60% below its peak. So despite the massive institutional accumulation, price hasn’t broken out yet.
For now, this looks more like heavy accumulation and consolidation before the next major move.
I have already placed big orders on sol long and Spot