
Bitwise's Solana ETF Is the First in Its Class Past $1 Billion
The Bitwise Solana Staking ETF passed $1 billion in assets about ten months after listing, though its share price is still around 40% below debut.
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The Bitwise Solana Staking ETF passed $1 billion in assets about ten months after listing, though its share price is still around 40% below debut.

Solana led the majors above $100 on Friday, its highest since January, while two proposals to slow SOL issuance sat in front of validators.

Schwab said on Thursday it will put solana, avalanche and chainlink on its spot crypto platform in the coming months. No launch date was given.

SIMD-0525 took Solana's target slot from 400 to 350 milliseconds in epoch 1020. Three more 50ms cuts are staged, each needing a fresh validator supermajority.

US spot bitcoin ETFs shed $389.7 million in the week to 14 August, their worst in six weeks, while Solana funds added $10.26 million, their best since mid-May.

Bitwise plans to tokenize shares of its Solana Staking ETF with Superstate, letting holders choose DTC book-entry or on-chain form. It would be a US first.

Bitcoin peaked at $65,416 on Sunday and faded to $64,738. Liquidations fell to $68M, futures volume dropped 60% in a day, and Solana was the only major in the green.

BlackRock launched BSTBL on Ethereum and BRSRV across Solana, Ethereum and Tempo on 3 August, the latter built as a GENIUS Act-eligible stablecoin reserve.

Solana lifted its maximum block compute budget from 60 million units to 100 million at epoch 1009, a 66% capacity increase that left slot timing untouched.

Solana now drops validators without a registered BLS key from the leader schedule. About 3.87% of stake was still unregistered at epoch 1004.

Solana's independent validator client hit testnet at v1.1.0 on July 16, the same week Agave opened its 4.3 branch, the release set to carry Alpenglow.

Backpack began trading actual US shares every day of the year, starting with SpaceX, Micron and SanDisk, convertible 1:1 into tokenized versions on Solana.