Daily News 19

Tag: BSOL ETF

  • Bitwise’s Solana ETF Reaches $1 Billion in Assets Under Management 10 Months After Launch

    Bitwise’s Solana ETF Reaches $1 Billion in Assets Under Management 10 Months After Launch

    Bitwise’s Solana staking ETF has surpassed $1 billion in assets under management, placing $SOL alongside bitcoin and ether among the small group of cryptocurrencies with ETF products exceeding that threshold.

    The fund, which trades under the ticker BSOL, reached the milestone exactly 10 months after its launch, according to Bitwise.

    “The Bitwise Solana Staking ETF, BSOL, just crossed $1 billion AUM, exactly 10 months after its launch,”

    the asset manager said on X.

    Bitwise said most of the approximately $1 billion in inflows arrived during a bear market, indicating that investors continued building Solana exposure despite a difficult first half for digital assets. Across the broader category, U.S. Solana ETFs now hold about $1.43 billion in assets, equivalent to roughly 2.35% of $SOL’s marketcap.

    Solana ETF inflows remain resilient during market weakness

    The market’s response to BSOL crossing $1 billion in assets has highlighted the strength of demand for Solana investment products. Bloomberg ETF analyst Eric Balchunas pointed to approximately $1.7 billion in cumulative inflows across the entire category, with little evidence of sustained withdrawals despite the earlier market downturn.

    Bitwise CEO Hunter Horsley said bitcoin, ether and solana are currently the only three crypto assets with ETFs that have grown beyond $1 billion. The scale of these products can improve liquidity, attract larger institutional investors and make the underlying assets more accessible through conventional brokerage accounts.

    Source: Hunter Horsley on X

    Solana’s price recovery has reinforced the trend. $SOL has climbed roughly 46% this month and is about 80% above its June low. The token has risen back above $100, lifting its market capitalization above $60 billion.

    Institutional access is also expanding beyond 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 approximately 39 million accounts.

    Growing ETF assets and broader brokerage access could give Solana a stronger foothold among traditional investors who prefer not to manage digital tokens or wallets themselves.

    For Bitwise, reaching $1 billion is significant not only because of the fund’s size but also because of the timing. Much of the capital entered while crypto markets were under pressure. As $SOL stages a sharp recovery, those inflows increasingly appear to reflect sustained institutional allocation rather than short-term opportunistic trading.

  • Solana Price Surges Past $110 as ETF Inflows Hit Record Highs

    Solana Price Surges Past $110 as ETF Inflows Hit Record Highs

    Solana (SOL) surged to $106.91, marking a 19.8% gain over the past week and reaching its highest level since January 31. The token has now recovered roughly 80% from its June low, erasing much of the year’s earlier decline. During the session, SOL briefly touched an intraday high of $110 before settling around the $106 mark.

    Record ETF Volume Signals Strong Institutional Demand

    The Bitwise Solana Staking ETF (BSOL) posted its highest single-day trading volume on record, surpassing $126 million and breaking the previous record set just days earlier. The fund has now facilitated $500 million in total trading volume over the past seven sessions.

    • $126 million+ in single-day BSOL volume, a record for any Solana ETF
    • $500 million traded across BSOL over the last 7 sessions
    • US spot Solana ETFs have posted 7 consecutive days of inflows, including $9.14 million on August 26
    • Cumulative net ETF inflows now stand near $1.26 billion, about 2.2% of $SOL’s market cap

    Treasury Buying Resumes

    Solana treasury company DeFi Dev Corp resumed SOL purchases, acquiring 19,000 SOL for $1.86 million at an average price of $98.14. The company’s treasury now holds 2.33 million SOL, valued at approximately $182 million.

    Leverage Driving the Rally’s Acceleration

    $SOL gained roughly 19% over the past week, with futures volume reaching $14.6 billion against just $1.7 billion in spot volume, a gap he said points to leverage playing a major role in the rally’s acceleration.

    Governance Votes Could Reshape SOL’s Token Economics

    Validators are currently voting on proposals that could alter Solana’s supply dynamics. One proposal would accelerate disinflation and reduce planned issuance, while another could significantly increase the amount of SOL burned through network fees. Wess noted that if both measures pass, $105 could shift from a short-term spike into a new base level for the token.

    Key Technical Levels to Watch

    $100 has emerged as the level to hold. If support there stays intact, the $110-$115 zone is the next area traders are watching. A failure to hold $100 would raise questions about how much of the rally is leverage-driven momentum versus durable institutional demand.