Bitwise Solana ETF Hits $1B as SOL Price Rallies
Solana (SOL)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Bitwise’s Solana Staking ETF (BSOL) has surpassed $1 billion in assets under management, less than a year after its launch. The milestone follows seven consecutive days of inflows, bringing cumulative Solana ETF inflows to approximately $1.26 billion, which represents roughly 2.2% of SOL’s market capitalization. BSOL recorded $126 million in trading volume on Friday, its strongest single-day performance to date, with total volume exceeding $500 million over the preceding seven sessions.
Institutional accumulation extended beyond the ETF, as DeFi Dev Corp purchased 19,000 SOL for approximately $1.86 million, raising its holdings to 2.33 million SOL. Bitwise’s XRP ETF also saw inflows of $15.40 million, bringing its assets under management to approximately $603 million. SOL price gained roughly 19% over the past week before encountering selling pressure, with futures trading volume reaching $14.6 billion compared to $1.7 billion in spot volume.
At the time of writing, SOL was trading at $103.43, down 2.25% over 24 hours, with a market capitalization of approximately $60.42 billion. Solana validators recently approved SGP-0002, or “Double Disinflation,” increasing the annual disinflation rate from 15% to 30% with 67% support. This change allows Solana to reach its 1.5% inflation target in approximately 2.8 years instead of 5.7, potentially reducing new SOL issuance by 18.9 million over six years. The accelerated schedule reduces dilution for holders but lowers staking rewards for validators and delegators.
How the market reacted
Whalio's own Binance spot order flow for SOL, measured when this story was written up on 29 August 2026. Not the outlet's figures.
Whalio’s Binance spot data shows SOL trading at $104.15, with buy ratios of 54.6% over the last hour and 54.1% over the last four hours. These short-term figures indicate a shift toward buying pressure, contrasting with the 47.4% buy ratio observed over the past 24 hours. Volume delta turned positive in the shorter timeframes, recording +$417,551 in the last hour and +$1,422,951 over four hours. This positive delta suggests that recent trades have been dominated by market buy orders, reversing the -$23,550,569 net outflow seen over the full day. The cumulative volume delta for the 24-hour close was -$7,430,015, indicating that despite the recent uptick, selling pressure outweighed buying pressure over the full day. Spot volume for the period stood at $471,324,660 across 1,912,888 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, SOL experienced seven consecutive days of net buying, with a 7-day average buy ratio of 52.9%. The latest 24-hour buy ratio of 47.4% sits 5.4 percentage points below this weekly average, indicating a temporary cooling of buying intensity relative to the recent trend. Volume over the last day was 1.00x the weekly average, suggesting trading activity remained consistent with recent norms rather than spiking unusually. The price increased by 11.1% over the eight-day period, accompanied by a total volume delta of +$161,909,562. This daily reading represents a slight deceleration in the buying ratio compared to the sustained weekly trend, though the overall directional bias remains positive.