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SOL Bitwise Solana Pledged ETF asset management scale exceeded US$1 billion
Bitwise launched the Solana Pledged ETF asset management scale has exceeded US$1 billion. The fund reached this milestone about 10 months after its launch, marking a significant threshold of size for its Solana-based income-based products.
The fund's trading code is BSOL. According to the Bitwise product page, it provides investors with Solana exposure through a built-in pledge mechanism. Crossing the 10-digit asset management scale makes it one of the larger single-asset cryptocurrency products in addition to Bitcoin and Ethereum.
Bitwise posted the product's growth on social media through its official channels. The asset management company has repeatedly emphasized the trajectory of BSOL's continued accumulation of capital inflows since its launch.
What does 10-month asset growth signal for demand?
Achieving this milestone in 10 months reflects the gradual accumulation of funds rather than a one-day surge, indicating that investors 'demand for Solana exposure within the regulatory framework continues to be stable. The pledge feature distinguishes BSOL from purely spot products because it is designed to pass on network benefits to holders.
This growth rate is consistent with earlier reports that the Bitwise Solana Pledged ETF has exceeded US$1 billion in capital inflows and has become the first Solana ETF to reach the scale of this asset management. Trading activity is also very considerable, with the product achieving a single-day trading volume of US$100 million during its operation.
Why is this milestone important to Solana
The fund's size further consolidates Solana's growing position in the form of investable products. The asset is currently competing with competitors such as XRP for market share of cryptocurrency ETFs. A billion-dollar themed product demonstrates that institutions are willing to own Solana through traditional brokerage channels.
Bitwise's broader presence in single-asset pledge products has extended beyond Solana, such as its Chainlink ETF.
