In just 18 days of trading, Bitwise Asset Management’s Solana ETF, known as BSOL, has reached a remarkable milestone: surpassing $500 million in assets under management. This rapid growth reflects strong institutional demand for exposure to Solana and its staking capabilities, highlighting the growing mainstream acceptance of cryptocurrencies as an asset class. 💰 The fund’s success is attributed to a combination of factors, including the increasing popularity of decentralized finance (DeFi) applications and rising interest from institutional investors. 📈 This surge in AUM is particularly noteworthy because it comes despite initial fee waivers by Bitwise Asset Management, aiming to provide investors with greater returns. 💸 The ETF’s rapid growth also has a positive ripple effect on Solana, potentially influencing its staking activities as well as investor behavior towards other blockchain platforms like Ethereum and Bitcoin.