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Bitwise Solana ETF Clocks $1 Billion Milestone, SOL Price Eyes $120

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Bitwise Solana ETF Clocks $1 Billion Milestone, SOL Price Eyes $120

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.

spot Solana ETF flows | Source: Glassnode
spot Solana ETF flows | Source: Glassnode

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.

Solana ETF cumulative inflows | Source: Bloomberg
Solana ETF cumulative inflows | Source: Bloomberg

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.

Bhushan Akolkar
Written by
Cryptocurrency Journalist

Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fiction novels and sometimes explores his culinary skills.

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About this article

PublishedAugust 29, 2026 1:28 am
Last updatedAugust 28, 2026 8:33 pm
Written byBhushan Akolkar, Cryptocurrency Journalist
ReviewedFact-checked by the TMP editorial desk

This report follows our Editorial Policy, Fact-Checking Standards and Code of Ethics. Found an inaccuracy? See Corrections.

Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.

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