Bitwise’s Solana Staking ETF (BSOL) purchased approximately $9.65 million worth of SOL tokens on the open market to back new shares issued to clients, with an on-chain transfer of roughly 95,887 SOL confirming the transaction. Cumulative net SOL purchases through BSOL have reached approximately $948 million, representing roughly 80% of total net inflows into US spot Solana ETFs. Launched on October 28, 2025, BSOL differentiates itself through its built-in staking feature targeting a gross annual yield of approximately 7%, with a 0.20% management fee fully waived for the first $1 billion in assets under management. The total US spot Solana ETF market surpassed $1.6 billion in inflows by late September 2026, with BSOL solidifying its first-mover advantage against competitors who can only compete on fees alone.
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