From Startup Fortune · · 1m 10s
Bitwise Solana ETF Hits $1 Billion
Bitwise's Solana ETF reached $1 billion in assets after a volatile start.
In brief
Bitwise's Solana ETF reached $1 billion in assets after a volatile start. Bitwise's Solana Staking ETF (BSOL) crossed $1 billion in assets under management despite a 60% drop in SOL price since launch. Originally reported by Startup Fortune.
Solana ETF Launch
Bitwise's Solana Staking ETF (BSOL) started trading on NYSE Arca on October 28, 2025, pulling in $69.5 million on its first day.
First Year Milestone
BSOL crossed $1 billion in assets under management on August 28, 2026, becoming the first Solana ETF to reach that mark.
SOL Price Drop
SOL has fallen roughly 60% from its all-time high over the same stretch, erasing investor gains.
Investor Losses
Investors poured $267 million into BSOL in the first half of 2026 but lost $316 million due to SOL's price drop.
Dogecoin ETF Closure
Bitwise shut down its Dogecoin ETF (BWOW) by September 2026 after holding only $688,000 in Dogecoin.
Goldman Sachs Trading
Goldman Sachs built a $107 million Solana ETF position by Q1 2026, then liquidated it entirely by Q2 2026.
Litecoin ETF Survival
Canary's Litecoin ETF (LTCC) held roughly $14 million in assets as of September 2026, surviving the year.
The main idea
Bitwise's Solana Staking ETF (BSOL) crossed $1 billion in assets under management despite a 60% drop in SOL price since launch.
