Bitwise Solana ETF Crosses $1 Billion in Net Assets
Bitwise confirmed $1.017 billion in net assets for its Solana staking ETF as of August 26, the first in the category to reach that level.
Bitwise confirmed that its Solana staking exchange-traded fund reached $1.017 billion in net assets as of August 26.
The fund holds 9.33 million SOL tokens valued at that total amount.
Net asset value stood at $14.95 per share while the market price was $15.03, a 0.56 percent premium to NAV.
The entire category of Solana ETFs holds $1.7 billion in assets under management, with more than half in this single fund.
Assets under management change with investor subscriptions, redemptions, and movements in SOL price, which stood at $102.65 on August 28.