Bitwise Solana ETF Crosses $1 Billion as SOL Price Rally Draws Institutional Demand
Bitwises Solana Staking ETF (BSOL) has become the first exchange-traded fund tracking Solana to surpass $1 billion in assets under management, less than a year after its launch. The milestone comes amid a sharp increase in activity across both the Solana ETF market and the underlying token. BSOL recorded more than $126 million in trading volume on Friday, its strongest single-day performance to date. Trading volume also exceeded $500 million across the seven sessions preceding the latest record. The fund has attracted inflows for seven consecutive trading days, bringing cumulative ETF inflows into Solana products to approximately $1.26 billion. That figure represents roughly 2.2% of SOLs current market capitalization, highlighting the growing scale of exchange-traded demand relative to the underlying market. Institutional accumulation has also continued outside the ETF market. DeFi Dev Corp purchased another 19,000 SOL for approximately $1.86 million, taking its holdings to around 2.33 million SOL, worth approximately $182 million based on the figures provided. Bitwises XRP ETF has also continued to attract capital. The product recorded an inflow of $15.40 million, while its assets under management stood at approximately $603 million at the time of writing. Together, the figures point to increasing institutional participation across crypto assets beyond Bitcoin and Ethereum, with









