Key Insights:
- Bitwise’s BSOL became the first Solana ETF to surpass $1 billion in AUM, with approximately 9.3 million SOL held.
- The broader Solana ETF category has attracted around $1.7 billion in cumulative flows.
- DeFi Development Corp. added 19,000 SOL, bringing its treasury to approximately 2.33 million SOL.
Spot Solana ETFs have recently been in the limelight after the strongest stretch of $138 million in inflows. This comes amid a strong 15% SOL price rally over the past week. Bitwise has been a leading contributor, clocking the $1 billion AUM for its SOL ETF.
Spot Solana ETFs See Longest Days of Inflows
As per on-chain data from Glassnode, spot Solana ETFs have registered their strongest inflow streak on record. As per Glassnode, these investment vehicles have attracted $138 million in net inflows over the last ten days.
The Solana ETFs recorded a single-day record of $47 million in inflows on Tuesday, highlighting growing investor demand for Solana exposure.
Bitwise’s BSOL is leading the market and now holds approximately 9.3 million SOL. Moreover, its assets under management have surpassed $1 billion. It is the first Solana ETF to reach the milestone
Bitwise Tops Solana ETF Chart, Goldman Among Key Buyers
Crypto asset manager Bitwise has surpassed $1 billion in AUM for its spot Solana ETF. This makes it the first firm to reach this milestone. The Solana ETF category has attracted approximately $1.7 billion in cumulative flows.
Interestingly, there’s no prolonged outflow despite the market downturn in the first half of 2026. “Most of the approximately $1 billion of inflows have come in a bear market, an impressive indication of investor conviction,” noted Bitwise.
Bloomberg’s James Seyffart reported that 13F filings also show strong institutional interest in Solana ETFs. Goldman Sachs is the largest known holder, while investment advisers were major buyers during Q2. Hedge funds, meanwhile, were net sellers during the quarter.
SOL Price Eyes Higher Level Amid Institutional Demand
On Aug 27, SOL price surged 13% while stretching its August gains to nearly 50%. This marks its strongest monthly performance since 2024.
The rally comes as the Solana community considers proposals to reduce SOL issuance and increase token burns, potentially creating additional supply pressure. Moreover, the Solana ecosystem has also concluded with its validator governance.
Meanwhile, Nasdaq-listed DeFi Development Corp. purchased another 19,000 SOL, increasing its treasury holdings to approximately 2.33 million SOL for long-term holding and staking.
Furthermore, Charles Schwab is reportedly preparing to add Solana to its Schwab Crypto platform. The move could make Solana available across approximately 39.9 million brokerage accounts, representing around $13.04 trillion in client assets.
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