Bitwise's Solana staking ETF, ticker BSOL, facilitated approximately $9.65 million in SOL purchases on the open market to back newly issued shares to clients. An on-chain transfer of roughly 95,887 SOL tokens confirmed the transaction.
Since its October 28, 2025 debut, BSOL has become the dominant player in the US spot Solana ETF category. Cumulative net SOL purchases through the fund have reached approximately $948 million, representing around 80% of total net inflows across all US spot Solana ETFs.
Product Features Drive Market Leadership
BSOL distinguishes itself by directly holding and staking SOL tokens, targeting a gross annual yield of roughly 7%. Investors gain exposure to SOL's price movements while receiving staking rewards without managing their own wallets or selecting validators.
The fund's fee structure has supported its growth. BSOL carries a management fee of 0.20%, which Bitwise has waived entirely for the first $1 billion in assets under management.
Daily inflows have demonstrated strong momentum. On August 24, 2026, BSOL received $25 million in a single day. During high-demand periods, daily average inflows have ranged between $40 million and $50 million. In September 2026, the entire US spot Solana ETF category posted a record single-day inflow exceeding $80 million, with BSOL contributing a significant share.
Broader Market Growth
The US spot Solana ETF market remains relatively new. Total inflows across all US spot Solana ETFs surpassed $1.6 billion by late September 2026, representing a market that barely existed a year earlier before SEC approval of spot SOL products.
BSOL's staking component sets it apart from competitors offering straightforward price exposure. Staking-enabled products create a yield layer that appeals to allocators evaluating crypto assets alongside fixed income and dividend equities.
Supply Dynamics and Network Participation
The cumulative $948 million in open-market SOL purchases represents meaningful demand on the token's supply dynamics. Each time BSOL issues new shares, it must purchase and stake actual SOL tokens. Staked SOL through BSOL contributes to Solana's proof-of-stake network security by increasing the total stake delegated to validators, making the fund a significant participant in the blockchain's consensus mechanism.
