Institutional interest in Solana is getting stronger. You can see this clearly in the new spot ETFs that track SOL. The one getting the most attention right now is Bitwise’s Solana Staking ETF, also known as BSOL.
On Friday, Bitwise said that its BSOL fund has already gathered more than 500 million dollars in assets. This is huge because the ETF launched only in late October 2025, during a period when the crypto market was full of excitement. The fund has also recorded eighteen straight days of new money flowing in. This shows that big investors are feeling positive about Solana even when the wider crypto market is shaky.
If you remove stablecoins like Tether and USDC, Solana is now the fifth largest crypto project by market size at 72.6 billion dollars. It sits behind BNB, XRP, Ethereum, and Bitcoin. This is true even after SOL dropped to around one hundred twenty five dollars during the recent market crash.
Bitwise’s BSOL hit the market on October 28th. Even though its total assets are smaller compared to what Bitcoin and Ethereum ETFs pulled in at launch, BSOL has still reached a very meaningful level. Since the day it launched, it has seen constant inflows. It has now crossed the 500 million dollar mark in less than one month.
This fund gives investors direct exposure to Solana while also earning staking rewards. Because of this combination, it drew a lot of attention. On its very first day, BSOL pulled in more than 69 million dollars. This was one of the biggest opening days ever for a spot crypto ETF.
As the inflows continued, Solana’s price climbed for a while. The excitement stayed strong, and November twenty first marked the eighteenth straight day of fresh inflows. This steady buying pushed the fund’s assets above five hundred million. Bitwise’s CEO, Hunter Horsley, said they were amazed by how fast BSOL has grown. He added that crypto is becoming a mainstream asset class and that the early success of BSOL shows how much investors believe in the Solana ecosystem.
As of November twentieth, BSOL shares were trading slightly above their net asset value. Total net assets were a bit over five hundred seven million dollars.
BSOL is also ahead of its rivals. It has gathered more than four hundred forty four million dollars in inflows. That is over ninety percent of the total four hundred ninety nine million dollars that all five issuers combined have collected. It also holds more assets than the Solana ETFs launched by Grayscale, VanEck, 21Shares, Fidelity, and Canary Capital. In total, all Solana spot ETFs had around seven hundred sixty four million dollars in assets by November 20th.
Bitwise is also charging very low fees at the start. The sponsor fee is zero for the first three months and for the first one billion dollars in assets. Bitwise has also waived all staking fees for the first three months. After that, the sponsor fee will be zero point two per cent, and the staking fee will be zero point zero six percent.
While BSOL is taking in new money, other crypto ETFs are also in the market. These include new funds for XRP, HBAR, and Litecoin. The older Bitcoin and Ethereum ETFs still exist, too, but lately they have been seeing more money flow out than in.