Bitwise Solana ETP Surges Past $100 Million as Institutional Demand for SOL Grows

The Bitwise Solana Staking ETP (BSOL) has officially surpassed $100 million in assets under management (AUM), signaling a surge in institutional interest for Solana-based investment products. Traded across major European exchanges, BSOL offers investors direct exposure to Solana’s (SOL) performance while providing daily staking rewards. Each share is fully backed by tokens securely held in cold storage and benchmarked to the Compass Solana Total Return Monthly Index, net of all fees.

According to Bitwise, the milestone reflects a growing appetite for regulated Solana investment products that combine accessibility with staking yield potential. Analysts credit this rise to Solana’s expanding developer ecosystem, fast transaction speeds, and increasing share of decentralized finance (DeFi) activity.

The broader Solana ETP market is also witnessing impressive growth. Data from CoinGape shows that the total Solana ETP category recently recorded over $706 million in inflows, boosting total AUM beyond $5.1 billion — significantly higher than its July peak. REX Shares’ Staking ETF (SSK) contributed to this momentum, climbing to $382 million AUM after three consecutive weeks of gains.

Meanwhile, Nasdaq-listed DeFi Development Corp. (DeFi Dev Corp) has expanded its SOL holdings despite recent market corrections. The company acquired an additional 86,307 SOL at an average of $110.91 per token, bringing its total to 2.19 million SOL valued at approximately $426 million. The firm plans to stake its new tokens across various validators to generate continuous yield.

DeFi Dev Corp also recently established DFDV JP, Japan’s first Solana treasury entity, to foster enterprise adoption and infrastructure development. Similarly, Solmate purchased $50 million worth of SOL directly from the Solana Foundation at a 15% discount to support its operations in the UAE.

The ongoing institutional accumulation and ETP expansion underscore Solana’s strengthening position as a leading blockchain for scalable, high-performance DeFi applications.