Bitwise Solana ETF Hits $1 Billion AUM
Solana (SOL)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Bitwise’s Solana Staking ETF, trading under the ticker BSOL, has surpassed $1 billion in assets under management. This milestone was reached exactly ten months after the fund's launch, placing SOL alongside Bitcoin and Ether as one of only three cryptocurrencies with billion-dollar ETF products. Bitwise stated that most of the inflows arrived during a bear market, indicating continued investor interest despite a difficult first half for digital assets.
U.S. Solana ETFs now hold approximately $1.43 billion in total assets, which represents about 2.35% of SOL’s market capitalization. Bloomberg ETF analyst Eric Balchunas noted roughly $1.7 billion in cumulative flows across the category, with little evidence of sustained withdrawals. Bitwise CEO Hunter Horsley emphasized that ETF scale helps deepen liquidity and attract larger institutional allocators.
Solana’s price has climbed roughly 46% this month, moving back above $100 and pushing its market cap over $60 billion. Charles Schwab announced on August 27 that it plans to add spot trading for Solana, Avalanche, and Chainlink to its platform. This combination of brokerage access and growing ETF assets aims to broaden institutional adoption among traditional investors.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 1 September 2026. Not the outlet's figures.
Whalio data shows Solana trading at $103.06 with a 1-hour buy ratio of 62.3%, indicating strong immediate buying pressure compared to the 46.3% ratio over the past four hours. The 24-hour buy ratio sits at 49.4%, suggesting that while short-term momentum is bullish, the broader daily trend is slightly more balanced. A positive Volume Delta of +$1,943,886 in the last hour contrasts with negative deltas of -$1,534,812 over four hours and -$2,654,890 over 24 hours, showing that recent aggressive buying has not yet offset earlier selling. The Cumulative Volume Delta (CVD) for the 24-hour close is -$1,309,859, meaning that over the full day, sellers have dominated the flow. Net buying occurred for only 11 out of 24 hours, with spot volume reaching $222,365,929 across 1,049,007 trades.
The latest daily buy ratio of 48.8% sits at the 27th percentile of the last 322 days, against a median of 50.0% - weaker buying than most days.
Twenty-four hours later
What SOL did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for SOL, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.6%, making today’s 24-hour ratio of 49.4% slightly below the weekly norm by 2.2 percentage points. Trading volume today was 0.60 times the weekly average, indicating a notably quieter day for spot activity. The coin experienced net buying on 5 of the last 7 days, with a total Volume Delta of +$80,506,172 over that eight-day period. The price increased by 4.1% over the same eight-day span. This context suggests that while today’s volume is subdued, the recent weekly trend has been predominantly positive with more buying days than selling days.