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BSOL vs VSOL

Bitwise Solana Staking ETF

BSOLANYSE Arca

VanEck Solana ETF

VSOLBNasdaq

Overlap

Expense ratio

BSOL −0.10pt a year

BSOL0.20%VSOL0.30%

Avg volume · 30D

BSOL 102.4×the volume

BSOL3.31MVSOL32.3K

BSOL vs VSOL Performance

Dec 31, 2025 – Oct 30, 2026

−20.4%BSOL−20.9%VSOL

Dec 31, 2025 to Oct 30, 2026. BSOL −20.4%. VSOL −20.9%. Use the arrow keys to read each point.−40%−10%0%10%20%Dec 2025Jun 2026Oct 2026
Expense ratio
BSOL 0.20%, better
VSOL 0.30%
Fund size
BSOL $971M
VSOL $19M
1Y total return
BSOL −47.0%
VSOL No data
Holdings
BSOL 1
VSOL 1
Avg volume (30D)
BSOL 3.31M sh, better
VSOL 32.3K sh
NAV per share
BSOL $13.85
VSOL $12.27
52W range

ETF.net Grade

BSOL: Cost 74, Risk 26, Mission 100, Tradability 63, Holdings not scored, Durability 72. VSOL: Cost 33, Risk 62, Mission 100, Tradability 58, Holdings 56, Durability 61.
Pillar letters and Scores for BSOL, VSOL, with each pillar’s weight
PillarBSOLVSOL
Cost30% weightA74HigherD33
Mission25% weightA100A100
Risk15% weightD26B62Higher
Tradability15% weightB63HigherB58
Holdings10% weightNot scoredB56
Durability5% weightA72HigherB61

Rank among Spot Solana funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BSOL and VSOL are both graded against the same 9 Spot Solana funds, so their Grades compare head to head.

Spot Solana⁠

Category · 9 funds
See all 9 ›

BSOL ranks 3rd and VSOL 5th of 9 funds in the Spot Solana Category.

  1. Rank 1AMSOLMorgan Stanley Solana TrustScore 82
  2. Rank 2AGSOLGrayscale Solana Staking ETFScore 73
  3. Rank 3ABSOLBitwise Solana Staking ETFScore 71
  4. Rank 4ASOEZFranklin Solana ETFScore 70
  5. Rank 5BVSOLVanEck Solana ETFScore 62
  6. Rank 6BQSOLInvesco Galaxy Solana ETFScore 61

Our read on each fund

ETF.net Research

BSOLABitwise Solana Staking ETF

VSOLBVanEck Solana ETF

In short

BSOL Most spot Solana funds just hold the coin. BSOL holds it and puts part of it to work: staking additional SOL is a stated secondary objective, wrapped in a 0.20% ETF instead of a wallet and a validator you pick yourself.

VSOL VanEck was first in line at the SEC with a US Solana filing in June 2024, then arrived after the crowd. VSOL is a grantor trust that holds SOL outright and stakes part of it for network rewards.

Stated mandate

BSOL The Trust seeks exposure to the value of Solana it holds, net of operating expenses, and has a secondary objective of obtaining additional Solana through staking.

VSOL The Trust seeks to track Solana's price and staking rewards on part of its SOL holdings, after operating expenses.

Why people hold it

  • BSOL Two jobs in one ticker: the trust seeks exposure to the Solana it holds, and as a secondary objective aims to obtain additional Solana through staking. No seed phrase, no validator shopping.
  • 0.20% a year sits right at the middle of the spot Solana pack: under VanEck's VSOL at 0.30% and a hair below 21Shares' TSOL at 0.21%.
  • Trades actively, and tradability is one of its strongest traits versus the rest of the Solana cohort. That matters in a category where getting out cleanly is half the game.
  • VSOL Holds real SOL and stakes a slice of it, passing the network's staking rewards through after expenses. No wallet, no seed phrase, no validator to babysit.vaneck.com
  • Two separate crypto custodians, Gemini Trust and Coinbase Custody, hold the trust's SOL, and authorized participants can create or redeem baskets in cash or in kind.vaneck.com
  • Only part of the SOL is staked, leaving unstaked coins on hand for redemptions instead of locking the whole pot behind unstaking queues.vaneck.com
  • VanEck put the first US Solana trust registration on the SEC's desk in June 2024, and already ran spot bitcoin and ether funds before this one listed.cointelegraph.comvaneck.com

Worth knowing

  • BSOL One coin, full volatility. Value moves with Solana's price, which swings far harder than a diversified stock fund, and the fund's risk profile scores low in our framework.
  • Staking is a secondary objective, not a promised yield. Any extra SOL earned stays inside the trust rather than hitting your account: the fund has not paid distributions.
  • Young fund, crowded lane. It launched in October 2025, so history is thin, and rivals including Franklin's SOEZ and Grayscale's GSOL are competing hard on fee.
  • VSOL The standing sponsor fee is 0.30%, above the median for spot Solana funds; SOEZ, GSOL and BSOL all listed cheaper.
  • One of the smaller, thinner-traded names in a crowded Solana lineup, which can mean wider spreads at the screen than the group's biggest funds.
  • Staking stacks risks on top of SOL's swings: validator downtime or slashing penalties, staking-provider counterparty risk, and unsettled tax treatment of rewards.vaneck.comvaneck.com 2

Full BSOL profile⁠

Full VSOL profile⁠

BSOL vs VSOL Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BSOL vs VSOL Cost

Overpaying VSOL vs BSOL

$1,994

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BSOL 0.20%

    $4,155

  • VSOL 0.30%

    $6,149

$10,000
30 years

Cost over time

  • BSOL 0.20%
  • VSOL 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530VSOL $6,149BSOL $4,155

Year by year

YearBSOLVSOLOverpaying
10$365$545$180
20$1,421$2,113$692
30$4,155$6,149$1,994

Expense ratio

  • 0.20%BSOL, cheaper
  • 0.30%VSOL
  • Middle half of Spot Solana funds
  • Median 0.21%

BSOL 4th cheapest of 9 funds

VSOL 7th cheapest of 9 funds

BSOL vs VSOL Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
BSOL None
VSOL No data
Last payment
BSOL No data
VSOL $0.60
Ex-dividend
BSOL No data
VSOL Oct 6, 2026
Paid on
BSOL No data
VSOL Oct 7, 2026
Frequency
BSOL No data
VSOL Irregular

Distribution history

Per share, 2026, same scale for both

BSOLAll BSOL payments⁠

No distribution history available.

VSOLIrregular · 1 paymentAll VSOL payments⁠
One bar per payment. 1 payment in 2026 YTD. Oct 6, 2026 $0.60. Use the arrow keys to read each point.$0$0.502026YTD

BSOL vs VSOL Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BSOL 66.4%since Nov 2025VSOL No data
Return per unit of riskSharpe ratio, 3 years
BSOL −0.69since Nov 2025VSOL No data
Worst fallMax drawdown, 5 years
BSOL −66.4%since Oct 2025VSOL No data
Market sensitivityBeta, 5 years
BSOL 0.73VSOL 0.64

BSOL and VSOL in the news

All news⁠

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