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SOL Bitwise's Solana pledged exchange-traded fund BSOL has exceeded the US$1 billion mark in assets under management, becoming the first Solana-themed ETF to reach this milestone. The fund has achieved this goal less than a year since its launch, marking a significant increase in the institution's interest in the Solana ecosystem.
How does BSOL trading volume grow?
Last Friday, BSOL trading volume exceeded US$126 million, setting the fund's best single-day performance. In the seven trading days preceding this record, total trading volume exceeded US$500 million. Institutional interest in Solana products is evident in the cumulative ETF inflows of approximately US$1.26 billion, which accounts for approximately 2.2% of SOL's current market value. The data shows that there is strong demand for exchange-traded products based on this underlying asset.
Bitwise's Solana pledged ETF-BSOL, as a pioneer fund, has successfully pushed the size of assets under management to more than US$1 billion.
Institutional buying behavior is not limited to ETFs. DeFi Dev Corp increased its holdings of an additional 19,000 SOLs worth approximately US$1.86 million, bringing its total position to approximately 2.33 million SOLs worth approximately US$182 million.
Do futures affect the price momentum of SOL?
Active trading in the ETF market coincides with the sharp rise in SOL prices of about 19% in recent weeks. However, the rally then encountered selling pressure, with the latest data showing SOL trading at US$103.43, down 2.25% in 24 hours. Its market value also fell 2.23% to US$60.42 billion. At the same time, the futures market performed well, with volume close to US$14.6 billion, while the spot market volume was approximately US$1.7 billion. This difference highlights the role of leverage in amplifying recent price fluctuations.
Solana monetary policy adjustment
The adoption of the proposed revision of Solana monetary policy is another major change worthy of attention. Verifiers have approved the adoption of a new on-chain governance system to increase the annual deflation rate from 15% to 30%(proposal SGP0002), although the long-term inflation target remains at 1.5%.
The revised plan is expected to shorten the time it takes for Solana to reach its 1.5% inflation target from 5.7 years to approximately 2.8 years.
Solana Compass predicts that SOL circulation may decrease by 18.9 million units over the next six years. Current investors may benefit from reduced dilution, while verifiers and pledgers may face reduced rewards.
Solana is promoting major changes in the way assets, including traditional stocks and commodities, are managed and traded. Some platforms allow investors to bypass traditional intermediaries and hold stocks of large U.S. companies or precious metals directly in their crypto wallets. This evolution represents a key step in asset management towards a blockchain-integrated future that will help improve transparency and efficiency in the financial sector.
