Bitwise’s BSOL Becomes First Solana ETF to Cross $1 Billion AUM

The Bitwise Solana Staking ETF, ticker BSOL, has become the first exchange-traded fund tracking Solana to surpass $1 billion in assets under management. Both u.Today and The Block confirm the milestone was reached on Friday, less than a year after the fund’s launch. That two-source agreement is the strongest layer of this story; the volume and inflow figures beneath it come from a single outlet and deserve a separate look.

What Two Sources Actually Confirm

u.Today and The Block independently report the same core event: BSOL crossed $1 billion AUM on Friday, becoming the first Solana ETF to hit that threshold. Both frame this as a milestone for institutional exposure to SOL through a regulated fund wrapper. Beyond that headline number and date, The Block’s public summary offers no further detail to cross-check.

u.Today, however, adds a fuller data trail that remains single-sourced for now. It reports BSOL logged more than $126 million in trading volume on Friday, its strongest single day since launch, and that volume across the seven preceding sessions exceeded $500 million. The same report says the fund has drawn inflows for seven consecutive trading days, pushing cumulative inflows into Solana ETF products to roughly $1.26 billion.

Sizing the Number Against SOL’s Market Cap

According to that same single-source account, the $1.26 billion cumulative inflow figure equals roughly 2.2% of SOL’s current market capitalization. That ratio is useful shorthand for how much of the circulating token supply’s implied value now sits behind ETF wrappers rather than direct spot or self-custody exposure.

It is not a small number for a product category that barely existed a year ago. But it is also not verified by a second outlet, so treat the 2.2% ratio and the $1.26 billion cumulative figure as reported, not confirmed. The underlying event, BSOL crossing $1 billion AUM, is solid. The granular flow arithmetic sitting on top of it currently rests on one source.

Why the Sourcing Gap Matters Here

Readers tracking fund flows for trading or research purposes often copy headline percentages without checking how many independent counts produced them. A $126 million single-day volume figure and a seven-day inflow streak are the kind of granular claims that are easy to state and hard to verify without direct access to fund administrator data or exchange tape.

None of this means the numbers are wrong. It means they have not yet cleared the two-source bar that the $1 billion AUM milestone itself has cleared. Anyone building models or dashboards off Solana ETF flow data should flag the $1.26 billion cumulative figure and the 2.2% market-cap ratio as pending confirmation until a second outlet, or the fund issuer directly, publishes matching figures.

What is settled: BSOL is the first Solana ETF to reach $1 billion in assets under management, achieved in under a year since it began trading. The next data point worth watching is whether BSOL’s Friday volume record and its seven-day inflow streak show up in a second, independently reported figure.

Sources

• u.today
• theblock.co