Solana News Today: Bitwise's Solana ETF Surpasses Grayscale with Staking and Lower Fees

The Bitwise Solana ETF (BSOL) has captured significant investor attention, drawing over $580 million in inflows across three consecutive weeks since its launch, according to Hunter Horsley, CEO of Bitwise, who shared the update on the X platform. This surge underscores growing institutional and retail demand for exposure to the Solana blockchain, which has emerged as a key player in the cryptocurrency ecosystem.

The fund's performance has been particularly resilient, with data from Farside Investors revealing that BSOL has maintained uninterrupted inflows for 14 consecutive trading days, accumulating $357.8 million in the first two weeks alone. This contrasts sharply with Grayscale's Solana ETF (GSOL), which launched just one day later but has attracted only $24.4 million in inflows during the same period. The disparity highlights Bitwise's ability to secure early institutional support, including a $222.9 million seed investment, compared to Grayscale's $102.7 million initial capital.

Analysts attribute BSOL's success to its competitive fee structure and innovative features. The fund charges a 0.20% expense ratio, significantly lower than industry averages, while also integrating a staking mechanism that allows investors to earn yield on their Solana holdings. "These features bridge the gap between traditional asset management and the unique advantages of on-chain staking, making BSOL a compelling choice for both new and seasoned investors," said a market analyst.

The ETF's momentum has also been bolstered by broader market dynamics. Despite Solana's price volatility, the blockchain has drawn Wall Street's focus, with BSOL serving as a liquid vehicle for institutional capital. Meanwhile, the fund's performance has outpaced that of the recently launched Canary XRP ETF, which briefly held the record for the highest first-day trading volume.

Bitwise's strategic positioning appears to have paid off. By aligning with the growing trend of crypto-native investment products, the firm has capitalized on a market hungry for diversified exposure to high-performance blockchains. As the ETF landscape evolves, BSOL's early traction suggests a shift in how traditional investors are engaging with digital assets.