2025-11-22 21:59 |
Institutional interest in Solana continues to show in the traction that spot exchange-traded funds tracking SOL, and none more so than Bitwise Asset Management’s Solana Staking ETF (BSOL).
On Friday, Bitwise announced that its BSOL ETF, launched amid massive crypto anticipation in late October 2025, has attracted over $500 million in assets under management.
Combined with an 18-day streak of net inflows, this milestone points to bullish dynamics around the world’s cryptocurrency project by market cap.
Remove Tether USDT and Circle’s USDC, and Solana’s current $72.6 billion market cap puts it fifth among the largest coins – behind BNB, XRP, Ethereum, and Bitcoin.
That’s even after SOL price fell to lows of $125 as cryptocurrencies tanked.
Bitwise Solana ETF BSOL hits $500 million net assetsIt’s been less than a month since Bitwise launched its Solana Staking ETF, ticker BSOL.
While assets under management pale in comparison to what Bitcoin and Ethereum achieved over the same period, it has hit a significant milestone.
Since its debut on October 28, 2025, BSOL has netted consecutive inflows and, more notably, the ETF has now surpassed the $500 million mark in terms of assets under management.
The fund, which provides investors with spot exposure to Solana (SOL) while generating staking rewards, generated considerable buzz.
On launch day, the ETF attracted over $69.45 million in net inflows, marking one of the strongest debuts in the spot ETF market.
Solana’s price rallied amid the inflows, and optimism has continued with Nov. 21 marking an 18-day streak of net inflows.
Meanwhile, steady accumulation has pushed AUM to over $500 million.
“We are truly in awe of the speed and scale of BSOL’s growth,” said Bitwise chief executive officer Hunter Horsley.
Crypto is becoming a mainstream asset class. BSOL hitting half a billion dollars in AUM this quickly is a clear testament to investors’ belief in the Solana ecosystem as a cornerstone of the future of the crypto industry.
Bitwise@BitwiseInvest·FollowWe’re thrilled and humbled to share that the Bitwise Solana Staking ETF $BSOL has crossed $500M in AUM in its first 18 days of trading. The Solana community isn’t messing around. The Fund’s rapid rise solidifies BSOL’s position as the largest Solana ETP in the U.S. We’re
6:13 pm · 21 Nov 2025141ReplyCopy linkRead 22 repliesAs of November 20, 2025, BSOL’s shares traded at a modest premium to net asset value, while net assets stood at over $507 million.
BSOL outpaces peersThe Bitwise Solana ETF had over $444 million in cumulative inflows, more than 90% of totals of $499 million across five issuers.
BSOL has also seen more in net assets, outpacing subsequent launches by Grayscale, VanEck, 21Shares, Fidelity, and Canary Capital. Per SoSoValue, Solana spot ETFs had just over $764.6 million in AUM as of Nov. 20.
BSOL’s net sponsor fee is zero for the ETF’s first three months and the initial $1 billion in assets.
More than that, it has waived all staking fees over the first three months. After three months, the sponsor fee will be 0.20% while the staking fee will be 0.06%.
While Solana-based products like BSOL have captured fresh capital, there are several other ETFs in the market.
These include newly-launched XRP, HBAR, and Litecoin. The market also has the pioneering Bitcoin and Ethereum ETFs, which have incidentally seen notable outflows.
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