BlockBeats News, August 28th, Bloomberg ETF analyst Eric Balchunas stated that the Bitwise Solana ETF has just surpassed a $1 billion AUM, becoming the first Solana ETF to reach this milestone.

The total cumulative inflow into the Solana ETF category has reached $1.7 billion. Despite experiencing a "nightmarish" market downturn in the first half of this year, the inflows have seen little to no sustained outflows, demonstrating a resilient performance.