UPDATE: Bitwise CEO Hunter Horsley says its Solana Staking ETF $BSOL recorded over $20M in inflows this week.

What happened

Bitwise CEO Hunter Horsley stated that the company's Solana Staking ETF, ticker $BSOL, received more than $20 million in new investments during this week.

Confirmed

Global impact / market context

This inflow shows investors are putting money into a fund that earns rewards from Solana, a cryptocurrency. It suggests growing interest in regulated ways to gain exposure to digital assets without directly holding them.

Analyst inference

The news highlights demand for staking-based exchange-traded funds, which are investment products that pool money and pay out rewards from blockchain networks. This could encourage other asset managers to launch similar products for different cryptocurrencies.

Analyst inference

What to watch

1. Watch for any official statements from Bitwise confirming the exact total inflows and whether the $20 million figure is updated or revised in coming days. Confirmed
2. Investors should monitor weekly inflow reports for $BSOL to see if this pace continues, which would signal sustained demand for Solana staking products. Proposed
3. Observe whether other ETF providers announce similar Solana staking funds, as this could increase competition and affect how much money flows into $BSOL. Analyst inference

Affected assets

• SOL — Solana

Evidence

• x.com