Bitwise Solana ETF Reaches $1 Billion in Assets Under Management
The Bitwise Solana staking ETF (BSOL) has surpassed $1 billion in assets under management, making it the first and largest Solana-focused exchange-traded fund. Launched less than 10 months ago, BSOL holds a significant majority of the total AUM within the broader category of Solana funds, which now stands at $1.7 billion. As of August 26, the ETF held approximately 9.33 million SOL tokens with a market value of around $1.017 billion and traded at a slight premium to its net asset value. The fund's performance highlights growing institutional interest in Solana-based investment vehicles as well as broader adoption of crypto assets within traditional financial markets. Bitwise, the privately held firm behind BSOL, confirmed these figures but does not trade publicly. The current price of SOL is $102.65 as of August 28.
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