Solana ETF Demand Surges as Bitwise Fund Tops $1 Billion in AUM
Bitwise has hit a big milestone with its Solana Staking ETF, crossing the $1 billion asset under management milestone. The fund has reached that level in just 10 months. This development also stands as a testament to the ongoing investor interest despite the difficult year for cryptocurrencies.
The milestone arrives as Solana continues recovering from a steep market downturn. Solana has gained nearly 45% over the past month, although it remains about 60% below its record high.
Strong ETF Demand Despite Market Pressure
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