Bitwise Solana Staking ETF

BSOL

Market cap $309M

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.

Crypto firm Bitwise Asset Management's successful push to launch the first U.S. spot Solana ETF while the Securities and Exchange Commission was shut down has upended the regulatory playbook and forced competitors to rethink their product plans, said industry executives.

Wall Street excels at creating catch phrases. The latest one is the “debasement trade.

"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Cambria Investment Management CIO & Co-Founder Meb Faber and Bitwise Asset Management CIO Matt Hougan.