Bitwise Solana ETF Withdraws $26 Million from Coinbase, Driving Institutional Interest in Solana

Bitwise Solana ETF (BSOL) has withdrawn a significant sum of approximately $26 million worth of SOL (Solana cryptocurrency) from Coinbase. This withdrawal indicates a strategic shift by investors and highlights the growing interest in Solana among institutional players. 192,865 SOL were withdrawn, increasing BSOL’s total holdings to $587 million. This rapid growth in assets underscores strong institutional support for Solana. 2025.