Bitwise Solana Staking ETF

BSOL

Market cap $243M

It was supposed to be the Year of Crypto in 2025 as we entered January with Bitcoin prices at all-time highs and a new digital asset-friendly administration set to take over in Washington. And while crypto has earned some regulatory wins over the last 12 months, the raucous rally never materialized.

The Bitwise Solana Staking ETF offers the most structurally attractive long-term Solana exposure due to its low staking fees, competitive expense ratio, and largest AUM. Despite Solana's robust network fundamentals, a ~70% drawdown and risk-off macro conditions warrant a 'Hold' rating for both SOL and Solana ETFs. Differences in fees, AUM durability, and index construction meaningfully affect compounded returns over time.

Bitwise Solana Staking ETF (BSOL) offers direct Solana exposure with staking income. Its 0.20% expense ratio and 6.77% staking yield could make it a compelling, tax-advantaged vehicle for a long-term crypto allocation in IRAs. Solana's high throughput, low fees, and growing institutional adoption (notably Visa) position it as a leading blockchain for tokenization and stablecoins.

After Bitcoin's tremendous rally to new highs around $126,000 last year, it shed essentially all of those gains in the final months of 2025 and is now down about 4% on a trailing-12-month basis. Still, with new legislation surrounding stablecoins, encouraging developments in regulation, and a host of new access points for everyday crypto users, there are plenty of reasons an investor might expect that 2026 could be a good year for the industry.

This year, I published a wide range of research notes across the ETF landscape, but reader interest consistently focused around a few big themes: crypto ETFs, global defense ETFs, and commodities ETFs. These areas of the ETF market not only drew meaningful year-to-date inflows.

The overwhelming majority of single-stock ETFs and leveraged or inverse strategies are owned, not by institutional investors, but by retail investors. Individuals are pouring billions into increasingly complex products on bullish beliefs, and now volatility is testing these strategies.

Institutional interest in Solana continues to show in the traction that spot exchange-traded funds tracking SOL, and none more so than Bitwise Asset Management's Solana Staking ETF (BSOL). On Friday, Bitwise announced that its BSOL ETF, launched amid massive crypto anticipation in late October 2025, has attracted over $500 million in assets under management.

After a massive year for bitcoin, losses near the end of the year overshadowed an otherwise impressive few months of innovation and regulatory tailwinds. As of November 18, macro uncertainty (i.e.

Spot solana ETFs may not have been on the bingo card for every advisor out there, but these funds are growing by the day.  Ever since Bitwise led the way with the release of the Bitwise Solana Staking ETF (BSOL), many competitors and firms have been racing to get a slice of the pie.

Fundstrat's and CNBC Contributor Tom Lee tells CNBC's Leslie Picker on “ETF Edge” he believes the market is ‘nearing a bottom.' Bitwise Asset Management CIO Matt Hougan agrees, saying there are ‘great buying opportunities for long-term investors.