BSOL Wins Innovation of the Year Award

2026 ETF.com Innovation of the Year

Fund: Bitwise Solana Staking ETF (BSOL)

Issuer: Bitwise

Asset Class: Currency

AUM: $510 million 

Expense Ratio: 0.20%

The Bitwise Solana Staking ETF (BSOL) won the Innovation of the Year award. The fund offers investors direct exposure to Solana while staking 100% of its holdings to generate yield from the network, bringing one of the core economic features of proof-of-stake blockchains into an ETF structure.

While a handful of earlier crypto ETFs incorporated staking in limited ways, BSOL takes a more ambitious approach. Through a partnership with Solana infrastructure provider Helius, Bitwise operates its own validator and stakes the fund’s entire portfolio rather than delegating tokens to third parties.

That structure introduces a challenge, since staked tokens can’t be immediately withdrawn, which could complicate the creation and redemption process that keeps ETF trading running smoothly. To address that risk, the fund built a mechanism that allows it to source liquid Solana from third parties if needed to meet redemption requests while tokens are in the unstaking process.

The result is an ETF that aims to fully capture staking rewards while still functioning within the constraints of the ETF wrapper—an approach that helped BSOL stand out in the rapidly evolving crypto ETF market.

All data sourced as of 03/03/26.