Bitwise's Solana ETF Tops $1B in AUM as SOL Extends Rally

Bitwise's spot Solana ETF (BSOL) has become the first Solana-linked ETF to surpass $1 billion in assets under management, holding roughly 9.3 million SOL. On-chain data cited from Glassnode shows spot Solana ETFs have posted their strongest inflow streak to date, drawing $138 million of net inflows over the past 10 days. The group also logged a single-day record of $47 million in inflows on Tuesday, underscoring rising investor demand for Solana exposure. Across the category, cumulative flows into Solana ETFs are estimated at about $1.7 billion. Bitwise noted that most of the roughly $1 billion in inflows arrived during a bear-market backdrop, pointing to sustained investor conviction despite the market downturn in the first half of 2026. Institutional participation also appears to be building. Bloomberg's James Seyffart reported that 13F filings indicate Goldman Sachs is the largest known holder, with investment advisers among the key buyers in Q2. Hedge funds, by contrast, were net sellers over the quarter. SOL has responded alongside the ETF momentum. On Aug 27, the token jumped 13%, taking its August advance to nearly 50% and marking its strongest monthly performance since 2024. Over the past week, SOL is up about 15%. Additional catalysts are emerging within the ecosystem. The Solana community is weighing proposals to cut SOL issuance and increase token burns, measures that could tighten supply. The network has also concluded its validator governance process. Corporate buying has continued as well. Nasdaq-listed DeFi Development Corp. purchased another 19,000 SOL, lifting its treasury to approximately 2.33 million SOL for long-term holding and staking. Separately, Charles Schwab is reportedly preparing to add Solana to its Schwab Crypto platform, a move that could make SOL accessible across roughly 39.9 million brokerage accounts representing about $13.04 trillion in client assets.