Bitwise Solana Staking ETP Crosses $100M in AuM

Bitwise, a leading asset manager, has marked a new milestone in Europe’s digital asset landscape. Its Bitwise Solana Staking ETP (BSOL) has now crossed $100 million in assets under management (AUM).

This milestone underscores strong institutional demand for structured access to Solana (SOL). It also highlights the growing role of exchange-traded products (ETPs) in the crypto market.

BSOL Sees Rapid Growth and Institutional Appeal

Bitwise launched BSOL in 2024 to give professional investors a regulated pathway into Solana while benefiting from staking rewards. Its rapid growth to $100 million highlights how institutional players are increasingly turning to physically backed, benchmark-linked products instead of direct crypto purchases.

With institutional-grade custody and risk controls, BSOL allows firms to gain exposure to Solana without needing to manage wallets, staking, or other technical processes. 

During the announcement, Bitwise has made it clear that its BSOL products are limited to qualified, professional, and institutional investors. Retail investors in the UK, US, Canada, and other restricted markets are not allowed access.

The firm also stresses the high-risk and volatile nature of cryptocurrency-linked ETPs, reminding investors to review all risk factors carefully and seek independent financial advice before participating.

UK Set to Lift Crypto ETP Ban as SEC Approves First Multi-Asset Fund

The milestone comes amid an important regulatory turning point in the UK. In a recent X post, Bitwise CEO Hunter Horsley shared that the UK’s ban on crypto ETPs is expected to end next week. This shift could open the door for products like BSOL to reach more investors in Bitwise’s home market. 

Bitwise, headquartered in London for its European operations, is preparing to meet this demand. Horsley described the upcoming change as an opportunity to finally serve more investors in the region. 

At the same time, U.S. regulators are also making history. The U.S. Securities and Exchange Commission (SEC) recently approved Grayscale’s Digital Large Cap Fund (GLDC). This is the first crypto ETP in the U.S. to hold multiple assets. It gives investors regulated access to a mix of top digital assets, including Solana, in one product.

Investor Demand for Regulated Products Boosts Solana’s Outlook

BSOL’s success shows that investors are increasingly using regulated ETPs to enter the crypto market and that interest in Solana is growing. 

In September, Bitwise CIO Matt Hougan predicted that Solana would end 2025 on a high note. 

He pointed out that more money is flowing into products like BSOL, and many corporate businesses are starting to add Solana to their balance sheets. He believes this mix will drive Solana’s growth as more institutions get involved.

After rising above the 200 price mark in August due to fresh excitement during the ongoing altcoin season. Solana has since kept an upward trajectory despite overall market volatility. At the time of writing, the crypto coin is trading at $231.82, up by 2.63% in the last 24 hours, according to CoinMarketCap data.