Bitwise Becomes Fifth-Largest Solana Validator with 1.27M SOL Staking Inflows

Bitwise's Onchain Solutions validator achieved significant growth in August, recording 1.27 million SOL in net staking inflows. This increase propelled the validator to the fifth-largest position on the Solana network, raising its total active stake to approximately 9.455 million SOL, up from around 8.3 million SOL in mid-July.

The surge in staking inflows is largely attributed to Bitwise's BSOL ETF, which stakes nearly all of its Solana holdings through the same validator. By late August, the BSOL ETF surpassed $1 billion in assets under management, marking it as the first Solana ETF to reach this milestone. The fund, which launched on October 28, 2025, aims for 100% staking of its holdings and has achieved a net yield of approximately 5.8% after fees.

In a notable performance, the BSOL ETF captured between 77% and 80% of all US spot Solana ETF inflows since its inception. On August 27, the fund experienced a peak with $60.91 million in single-day inflows. Overall, total inflows across all US spot Solana ETFs have exceeded $1.3 billion since the category's launch.

The increase in Bitwise's staking capacity follows its acquisition of Chorus One in February 2026, which enhanced its operational capabilities for running validators. However, the overall number of active validators on the Solana network has decreased by approximately 34% year-over-year, raising concerns about concentration as operational costs rise for smaller operators.

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Source: KLEA News