Bitwise Solana ETF Purchases 93,167 SOL Worth $13.15 Million in Recent Trade

Bitwise Solana ETF Purchases 93,167 SOL Worth $13.15 Million in Recent Trade

US Solana spot ETFs saw $32.9M net outflows on Dec 3, with Bitwise BSOL posting gains and 21Shares TSOL experiencing heavy redemptions.

SOL

Fact Check
The statement is overwhelmingly supported by multiple, consistent, and credible sources. Six different sources (a CoinGecko headline, a Cointelegraph report, and news articles from BBX, Phemex, Bitget, and Cointech2u) all corroborate the key details of the event: the entity (Bitwise Solana ETF), the action (withdrew SOL), the location (from Coinbase), and the specific value ($26.39 million). Several of these sources also agree on the exact amount of 192,865 SOL. Crucially, two sources explicitly trace the information back to its primary origin: the on-chain analytics firm "Lookonchain." This firm specializes in monitoring and reporting blockchain transactions, which adds significant credibility to the claim. The sources that do not support the statement are irrelevant to the topic, discussing different cryptocurrencies or general market trends without mentioning this specific transaction. There is no conflicting evidence presented. The high degree of consistency across numerous secondary sources, combined with the clear attribution to a reputable primary on-chain data provider, makes the statement highly likely to be true.
Summary

On December 3, US Solana spot ETFs recorded net outflows of $32.9 million, according to Farside Investors. Bitwise’s BSOL gained $5.6 million, Fidelity’s FSOL added $1.7 million, and Grayscale’s GSOL gained $1.6 million. In contrast, 21Shares’ TSOL recorded a substantial $41.8 million loss, driving the overall outflow trend.

Terms & Concepts
  • Solana (SOL): A high-performance blockchain platform designed for decentralized applications and crypto projects, known for fast transactions and low fees.
  • Bitwise Solana ETF (BSOL): An exchange-traded fund that provides exposure to Solana by holding SOL tokens directly.
  • Assets Under Management (AUM): The total market value of the assets that an investment fund or institution manages on behalf of clients.