Bitwise's Solana Staking ETF (BSOL) has exceeded $1 billion in assets under management, becoming the first standalone Solana exchange-traded fund to reach the valuation. The fund achieved the milestone less than ten months after its launch on NYSE Arca on Oct. 28, 2025.
As of Aug. 26, BSOL reported $1.0175 billion in net assets. Its portfolio held 9.33 million SOL tokens with a market value of $1.0176 billion, equating to approximately 0.137 SOL per outstanding share. BSOL provides direct exposure to SOL and incorporates staking rewards on its underlying holdings.
Bitwise set the fund's management fee at 0.20 percent and waived it for the first three months on the first $1 billion in assets. The fee structure and early positioning helped BSOL gather about $420 million during its first trading week, according to LSEG data.
BSOL controlled roughly 81 percent of tracked Solana product assets by mid-May, when it held approximately $861 million out of $1.06 billion across the category. The broader Solana fund category now totals approximately $1.7 billion in assets.
Recent inflows accelerated the fund's growth. U.S. spot Solana ETFs recorded $33.5 million in net inflows on Aug. 24, their largest single-day intake of 2026 and their fifth consecutive positive trading session. BSOL received the majority, adding $25 million. Fidelity's FSOL collected $4.8 million, while Grayscale's GSOL attracted $3.7 million. The five-session positive streak, which began Aug. 18, brought a total of $61.8 million into Solana products.
At the close of the Aug. 26 session, BSOL reported a net asset value of $14.95 per share with a market price of $15.03, reflecting a 0.56 percent premium to NAV. The fund's 30-day median bid-ask spread was 0.10 percent.
BSOL's first-mover advantage in the U.S. market shaped competition. Grayscale, VanEck, Fidelity, and Invesco adjusted their own Solana fund strategies after BSOL began trading.
