Bitwise crypto ETFs attract $100M in one day, led by Solana
Bitwise’s U.S. crypto exchange-traded products attracted approximately $100 million in net inflows on Aug. 27, led by demand for Solana, Bitcoin and Hyperliquid funds, according to company CEO Hunter Horsley.
Summary
- Bitwise reported approximately $100 million in daily inflows across its U.S. crypto exchange-traded products Thursday.
- Solana products led with roughly $40 million, followed by Bitcoin products near $22 million overall.
- Hyperliquid and XRP products attracted approximately $20 million and $12 million respectively during Thursday’s session.
- BSOL recorded more than $126 million in trading volume, its highest session since launch Thursday.
- Trading volume measures shares exchanged while fund inflows represent net investor capital entering products directly.
Horsley said Solana products received about $40 million, the largest share of Bitwise’s daily intake. Bitcoin products followed with approximately $22 million, while Hyperliquid and XRP funds attracted about $20 million and $12 million respectively.
Ethereum products received approximately $1.4 million. The five disclosed categories total about $95.4 million, indicating that other Bitwise products or rounding accounted for the remainder of Horsley’s roughly $100 million figure.
The numbers are preliminary issuer disclosures. Bitwise had not published a fund-by-fund daily creation report alongside Horsley’s post, leaving independent confirmation dependent on later fund data.
Solana leads Bitwise crypto ETF inflows
Solana products captured approximately 40% of Bitwise’s reported daily inflows. Horsley did not identify every product included in that category, although the Bitwise Solana Staking ETF, or BSOL, is the company’s main U.S. Solana fund.
BSOL recorded more than $126 million in trading volume during the session, its highest total since launching on NYSE Arca in October 2025. The fund previously recorded about $108 million in volume on Aug. 24.
Trading activity has risen as BSOL has expanded beyond basic price exposure. The fund stakes most of its Solana holdings and distributes the resulting rewards after fees and expenses.
In related coverage, a major bank approved BSOL shares as collateral for loans with a maximum loan-to-value ratio of 25%. Bitwise reported at the time that BSOL held 8.18 million SOL and staked approximately 99% of its assets.
Those features may help explain why Bitwise’s Solana products outpaced its Bitcoin and Ethereum funds during Thursday’s session. However, one day of flows does not establish a lasting preference among institutional investors.
Hyperliquid and XRP capture another $32 million
Bitwise’s Hyperliquid products ranked third with approximately $20 million in reported inflows. Its XRP products added another $12 million.
Together with Solana, the three altcoin categories attracted roughly $72 million. That represented more than seven times the approximately $9.4 million combined difference between the disclosed Bitcoin and Ethereum figures.
The Hyperliquid total follows earlier demand for Bitwise’s BHYP fund. As previously reported, BHYP became the largest Hyperliquid ETF after a $19 million daily inflow in May.
XRP exchange-traded products have also experienced increased activity. In related coverage, XRP ETF cumulative flows crossed $1.57 billion as trading volume reached a record.
The daily distribution shows investors were adding exposure beyond Bitcoin. It does not reveal whether the buyers were financial advisers, hedge funds, retail brokerages or other institutions because exchange-traded fund creation data do not identify beneficial owners.
BSOL’s $126 million volume was not a $126 million inflow
Trading volume and net fund inflows measure different activity. Trading volume counts the total value of ETF shares exchanged between buyers and sellers during a session.
A share can trade several times without changing the number of shares outstanding. High volume therefore indicates liquidity and investor activity, but it does not mean the issuer received an equal amount of new capital.
Net inflows generally occur when authorized participants create additional ETF shares to meet demand. Outflows occur when shares are redeemed and assets leave the fund.
BSOL’s reported $126 million volume was consequently more than three times the approximately $40 million attributed to Bitwise’s entire Solana product category. The remaining trading involved transfers of existing shares or transactions that did not produce net creations.
This distinction is also relevant to Horsley’s broader $100 million figure. The amount describes reported inflows across Bitwise products, not the combined trading volume of those funds.
Bitcoin ETF streak supports broader crypto demand
Bitwise’s inflows came during a wider recovery in U.S. crypto investment products. Spot Bitcoin ETFs recorded eight consecutive sessions of net inflows through Aug. 26, attracting approximately $2.8 billion, according to SoSoValue data.
BlackRock’s IBIT accounted for about $2.02 billion, or 72%, of that streak. The funds received approximately $232 million on Aug. 26, below the $606 million daily peak recorded on Aug. 20.
Bitcoin traded near $79,770 on Aug. 28 after reaching an intraday high around $81,280. It has gained about 28% during August as ETF demand, a weaker dollar and changes in long-term Treasury markets supported its recovery.
The flow backdrop does not ensure continued price gains. ETF creations can reverse, and inflows may follow price momentum rather than predict it.
The next confirmation will come from official fund-level data showing whether Thursday’s creations raised shares outstanding and assets under management. Investors will also watch whether Solana continues leading Bitwise’s product lineup or whether the allocation returns toward Bitcoin.
