Bitwise clients buy $948 million worth of SOL in five days following BSOL ETF debut
AI Market Summary
Arkham data indicates Bitwise-associated wallets have accumulated SOL for five consecutive days, totaling roughly $948M in net purchases since the BSOL spot ETF launch. The sustained, ETF-linked flow suggests strong institutional-style demand and can tighten near-term liquid supply, raising SOL's sensitivity to additional inflows. Markets will watch whether cumulative purchases reach the $1B threshold, which could reinforce SOL-focused positioning and volatility.
Impact level
● High
Affected assets
SOL/USDT+2.52%
AI Insight · SOL/USDTAI Insight
▲ Bullish
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ChainCatcher reports that Arkham data shows Bitwise clients have been buying SOL for five straight days, including about $25 million in purchases on the most recent day. Since the BSOL ETF launched, cumulative net SOL buying tied to Bitwise clients has totaled $948 million. Arkham said wallets associated with Bitwise are still adding to their SOL positions and is watching whether net purchases this week will near the $1 billion level. BSOL is Bitwise's spot ETF product linked to Solana.
