Bitwise’s Solana Staking ETF Reaches $948.2M in Cumulative SOL Purchases

Bitwise’s Solana staking ETF, BSOL, purchased $25 million worth of SOL on August 24, lifting its cumulative net purchases to $948.2 million. The inflow reinforces the fund’s dominance among US spot Solana products, even as broader digital-asset prices declined during the first half of 2026.

BSOL Extends Its Lead

The August 24 inflow represented most of the $33.5 million that entered all US Solana ETFs that day. It also helped the category reach a new cumulative record of approximately $1.22 billion in net inflows across US spot Solana products.

Since launching on October 28, 2025, BSOL has captured roughly 80% of total inflows into the US spot Solana ETF market. The fund attracted more than $57 million on its first day and continued to build momentum through the first half of 2026.

Key figures from the reported flows include:

• $948.2 million in cumulative net SOL purchases by BSOL.
• $25 million in BSOL inflows on August 24.
• $1.22 billion in cumulative inflows across US spot Solana ETFs.
• $267.1 million in BSOL subscriptions during the first half of 2026.

Bitwise’s broader product lineup also recorded $1.8 billion in net inflows during the first half of the year, despite digital-asset prices falling approximately 36% over the same period.

Staking and Fees Support Demand

BSOL’s structure gives investors exposure to SOL while staking 100% of its holdings. The staking strategy generates estimated gross rewards of roughly 6%, although actual returns can vary with network conditions and operating costs.

The fund charges a 0.20% management fee, but Bitwise is waiving that fee during its introductory period for the first $1 billion in assets. With cumulative purchases nearing that threshold, the end of the waiver is becoming a notable milestone for investors evaluating the product’s ongoing cost profile.

During the first half of 2026, BSOL’s staking mechanism generated approximately $17.7 million in income. The fund’s average daily inflows have reportedly ranged from $40 million to $50 million, meaning the $25 million recorded on August 24 was below its typical pace rather than a new daily high.

What This Means

BSOL’s flow data points to sustained institutional and investment-product demand for Solana exposure through regulated US market vehicles. Its combination of staking rewards, a low headline fee and a temporary fee waiver appears to have helped it capture a disproportionate share of category inflows.

The approaching $1 billion asset milestone could become a key test for future demand. If inflows remain strong after the fee waiver ends, it would suggest that investors value the fund’s staking access and Solana exposure beyond the introductory pricing. If momentum slows, the shift could increase competition among Solana ETF providers and make fees and staking economics more important differentiators.