Bitwise Onchain Solutions Becomes Solana's 5th-Largest Validator After 1.27M

Bitwise's Onchain Solutions validator closed August as Solana's 5th largest

• Bitwise's Onchain Solutions validator has become Solana's 5th-largest, driven by 1.27 million SOL in net staking inflows during August, primarily from its BSOL ETF.
• The BSOL ETF, which holds 9.33 million SOL and stakes 96% of it, crossed $1 billion in assets under management and accounts for 80% of US spot Solana ETF flows.
• This ETF-driven concentration in a single validator highlights a new pattern of stake distribution on Solana, contrasting with traditional independent delegator models and occurring amidst a decline in active validators.

Topics: Institutional adoption, Blockchain usage, Scalability, Asset manager initiatives, Ethereum evm l 1 s, Institutional capital inflows

Tags: #bitwise #solana #validator #bsoletf #staking #onchainsolutions #sol #institutionalcapital #etfinflows #chorusone

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