Bitwise’s BSOL Solana ETF continues to rapidly increase its holdings of Solana, with the latest withdrawal amounting to $26.39 million from Coinbase. This move signifies strong institutional support for the cryptocurrency and has a significant impact on both Solana’s liquidity and DeFi protocols in the ecosystem. 192,865 SOL were withdrawn, contributing to Bitwise’s asset management now exceeding $587 million. This fast growth highlights growing investor confidence in the Solana ecosystem, which is shaping changes in market dynamics for the blockchain. The ETF is designed to capitalize on Solana’s staking rewards and has rapidly become one of the fastest-growing Solana ETFs, surpassing the $587 million mark in just over two weeks. This trend reflects a shift towards institutional interest in Solana’s ecosystem and potential industry shifts towards products utilizing this technology.