Key Takeaways
- • Bitwise's Solana Staking ETF (BSOL) crossed $1 billion in assets under management on August 28, 2026, becoming the first Solana ETF to reach that milestone, according to CryptoBriefing.
- • BSOL held roughly 9.33 million SOL at the $1 billion mark, more than half of all assets across Solana-focused ETFs, and stakes about 96% of holdings with a net reward rate of 5.80% passed to shareholders.
- • BSOL launched on NYSE Arca on October 28, 2025 with $69.5 million in first-day inflows, the strongest launch-day showing among the three new crypto ETFs that day.
- • Solana fell roughly 60% from its all-time high over the same period, and first-half 2026 inflows of $267 million were offset by market losses of roughly $316 million.
- • Goldman Sachs built a Solana ETF position above $107 million by end of Q1 2026, liquidated it, then returned with $88.1 million across Bitwise, Grayscale and Fidelity Solana products as of June 30, per SolanaCompass.
- • Canary's Litecoin ETF (LTCC), which lacks a staking yield, held roughly $14 million in September 2026, while HBAR's ETF jumped as much as 22% on debut but did not sustain its asset base.
Summary
Bitwise's Solana Staking ETF (BSOL) reached $1 billion in assets under management on August 28, 2026, a year after its launch, according to CryptoBriefing. The fund became the first Solana ETF to hit that mark. It held roughly 9.33 million SOL, more than half of all assets held across Solana-focused ETFs. BSOL stakes about 96% of its holdings and passes a net reward rate of 5.80% to shareholders, the staking-yield feature that distinguished it at launch.
BSOL began trading on NYSE Arca on October 28, 2025, drawing $69.5 million on its first day, the strongest launch-day result among the three new crypto ETFs that morning. Canary Capital's Litecoin ETF (LTCC) and HBAR ETF (HBR) also listed on Nasdaq that day as the first regulated US funds tracking those tokens. HBAR rose as much as 22% on its debut, according to crypto trade outlets reporting the move.
The price of the underlying asset has weighed heavily on returns. SOL has fallen roughly 60% from its all-time high over the same period. In the first half of 2026, investors put $267 million into the Bitwise fund, while market losses of roughly $316 million erased those gains and more, the article reports. Inflows sustained fund growth even as returns lagged.
Institutional positioning has been volatile. According to 13F filings cited by SolanaCompass, Goldman Sachs held a Solana ETF position worth more than $107 million at the end of Q1 2026 and then liquidated it. By June 30, the bank held $88.1 million across Bitwise, Grayscale and Fidelity Solana products, making it the largest known institutional holder in the category.
The comparison with peers is instructive. LTCC held roughly $14 million in assets as of September 2026. Litecoin has no staking yield to offer, and the article argues that the ETF wrapper alone did not attract significant assets. HBAR's ETF drew early attention but did not build a durable asset base. The article concludes that staking yield gave BSOL a reason for capital to remain as SOL's price declined, and that altcoin ETFs remain under real-time pricing by institutions willing to reverse positions within months.
BSOL began trading on NYSE Arca on October 28, 2025, drawing $69.5 million on its first day, the strongest launch-day result among the three new crypto ETFs that morning. Canary Capital's Litecoin ETF (LTCC) and HBAR ETF (HBR) also listed on Nasdaq that day as the first regulated US funds tracking those tokens. HBAR rose as much as 22% on its debut, according to crypto trade outlets reporting the move.
The price of the underlying asset has weighed heavily on returns. SOL has fallen roughly 60% from its all-time high over the same period. In the first half of 2026, investors put $267 million into the Bitwise fund, while market losses of roughly $316 million erased those gains and more, the article reports. Inflows sustained fund growth even as returns lagged.
Institutional positioning has been volatile. According to 13F filings cited by SolanaCompass, Goldman Sachs held a Solana ETF position worth more than $107 million at the end of Q1 2026 and then liquidated it. By June 30, the bank held $88.1 million across Bitwise, Grayscale and Fidelity Solana products, making it the largest known institutional holder in the category.
The comparison with peers is instructive. LTCC held roughly $14 million in assets as of September 2026. Litecoin has no staking yield to offer, and the article argues that the ETF wrapper alone did not attract significant assets. HBAR's ETF drew early attention but did not build a durable asset base. The article concludes that staking yield gave BSOL a reason for capital to remain as SOL's price declined, and that altcoin ETFs remain under real-time pricing by institutions willing to reverse positions within months.
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