Staked but Not Shaken: Bitwise’s Solana ETF Pulls in Fresh Cash Despite Token Slump
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The Bitwise Solana Staking ETF, BSOL, logged fresh inflows of $1,707,400 on January 23, 2026, even as its underlying token continues to struggle. The new capital represents roughly 0.24% of the fund’s latest reported assets under management, which stand at $712.9 million, suggesting that investors are selectively adding exposure rather than staging a broad rush into the product.
The related asset, SOL-USD, is currently trading around $123.72, having shed about 38.0% over the past three months. Technically, the near-term picture remains fragile, with a 1-day signal flashing Sell, underscoring persistent downside pressure and ongoing skepticism among short-term traders.
Against that backdrop, BSOL’s latest flows hint at a more nuanced stance from investors: while Solana’s spot price has been under clear strain, demand for a staking-focused vehicle shows that some market participants are willing to lean into the weakness in pursuit of yield and potential long-term upside. The modest but positive inflow, relative to overall AUM, points to cautious confidence rather than outright conviction, as the market weighs Solana’s volatile price action against its broader role in the crypto ecosystem.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.