Bitwise's Solana Staking ETF (BSOL) has become the first individual Solana ETF to cross $1 billion in assets, achieving this milestone less than ten months after its October 2025 launch. According to Bitwise official fund data, BSOL held 9.33 million SOL worth approximately $1.018 billion as of August 26, with the fund's portfolio containing $1.0176 billion in market value or about 0.137 SOL for each outstanding share. The fund reported a net asset value of $14.95 per share and a market price of $15.03 on the same session, placing shares at a 0.56% premium to their underlying net asset value. Bloomberg senior ETF analyst Eric Balchunas confirmed this milestone, noting that Solana funds have retained most of their $1.7 billion in accumulated inflows despite steep declines during the first half of 2026.
According to reports from Bitwise Asset Management, the company attracted more than $1.8 billion in net inflows during the first half of 2026, despite crypto prices falling roughly 36% throughout most of the period. CEO Hunter Horsley announced the figure on Sunday, highlighting that net inflows measure new money received minus money withdrawn. The company recently reported approximately $100 million in daily U.S. crypto ETP inflows on August 27, led by demand for Solana, Bitcoin and Hyperliquid funds, as reported by Horsley. Tom Lee, co-founder and head of research at Fundstrat Global Advisors, called the result outstanding, praising the team for growing significantly despite challenging market conditions. Solana vehicles received approximately $40 million of the daily inflows, representing the largest amount among asset categories.
BSOL has maintained its dominant position in the Solana ETF market, controlling about 81% of assets held by Solana products as of mid-May 2026. According to SoSoValue data, BSOL received $25 million of the $33.5 million in net inflows into U.S. spot Solana ETFs on August 24, marking their largest daily intake of 2026 and their fifth consecutive positive session. The fund generated about $108 million of the combined $166.8 million in trading volume across tracked funds on August 24, the highest level since October 2025. BSOL recorded more than $126 million in trading volume during the August 27 session, demonstrating strong investor interest despite challenging market conditions.
BSOL's structure allows Bitwise to delegate most of its SOL to validators and add the resulting rewards to the fund, with the product not distributing rewards as separate cash payments but instead adding earned SOL to the portfolio. As of August 26, Bitwise reported that 96% of BSOL's assets were staked, compared with its stated target of 100%, with a gross staking reward rate of 6.17% and a net rate of 5.80% calculated as a 90-day average. The fund's performance data showed a 39.07% year-to-date NAV loss and a 60.15% decline since inception as of July 30, with $19.2 million in gross staking rewards and approximately $17.7 million in net investment income after expenses. The fund recognized $333.8 million in portfolio losses, consisting of $262.9 million in unrealized depreciation and $70.9 million in realized losses.
According to Bitwise, the company's total assets under management sit at approximately $5 billion, with the firm's suite of exchange-traded products seeing broad-based demand despite the challenging market backdrop. The daily inflows came during a wider recovery in U.S. crypto investment products, with spot Bitcoin ETFs recording eight consecutive sessions of net inflows through August 26, attracting approximately $2.8 billion, according to SoSoValue data. SOL climbed from an August 26 opening price near $96.60 to an intraday high around $110 on August 27, with technical analysis placing initial support near $104.41 and potential resistance around $114.88 and $127.83. The next confirmation will come from official fund-level data showing whether Thursday's creations raised shares outstanding and assets under management, with investors watching whether Solana continues leading Bitwise's product lineup or whether the allocation returns toward Bitcoin.
