Bitwise's Solana Staking ETF (BSOL) has made history as the first Solana ETF to surpass $1 billion in assets under management.

The milestone was crossed on August 26, 2026, exactly 10 months after its launch, with reporting confirming the threshold on August 28. BSOL debuted on NYSE Arca on October 28, 2025 as the first U.S. spot Solana ETP, and was structured from day one to hold 100% direct SOL exposure and stake 100% of its assets in-house, powered by Helius, to pass Solana's staking rewards back to investors.

As of August 26, the fund held approximately 9.33 million SOL, valued at around $1.018 billion to $1.02 billion, with a NAV around $14.95 and shares trading around $15.03. Glassnode data shared on August 28 noted the same figure — 9.3 million SOL and over $1 billion AUM — calling it the first Solana ETF to get there.

The speed is notable. BSOL hit $500 million in just its first 18 days of trading in November 2025, and in the run-up to $1 billion it drew about $45 million in just two days and $25 million on August 24 alone, bringing cumulative net inflows to $948 million according to Farside Investors. That dominance is stark: BSOL has captured roughly 79-80% of all cumulative net flows into U.S. spot Solana ETFs, which now total around $1.2 billion to $1.7 billion overall.

Part of the appeal is yield. Unlike competitors, BSOL reinvests staking rewards back into the fund. Solana's average staking reward has averaged over 7%, and Bitwise launched BSOL with a 0.20% management fee, waived to 0% for the first three months on the first $1 billion in assets.

Institutional adoption is accelerating alongside it. Q2 13F filings released the same week showed Goldman Sachs as the top institutional holder of U.S. spot Solana ETFs with $88.1 million across Bitwise, Grayscale and Fidelity products as of June 30. The broader Solana ETF category also saw its strongest stretch on record, with $138 million in net inflows over 10 days including a single-day high of $47 million, according to Glassnode on August 28.

The $1 billion mark comes even as SOL itself has been volatile through 2026, recently trading around $106 to $109, up 7.8% on the day of the record volume on August 28. For Solana, which is positioned as a faster, lower-cost alternative to Ethereum, BSOL's milestone is being read as a sign that crypto is becoming a mainstream asset class — and that regulated, staking-enabled exposure is now the preferred vehicle for that bet.

#KoreaSingleStockLeveragedETFTradingFalls #Write2Earn #BitcoinSpotETFEnds9DayInflowStreak