Data as of .
BSOL vs SOLZ: which tracked its coin?
Over the window both share, BSOL finished 1.9 percentage points ahead of Solana and SOLZ 2.5 behind.
ETFIQ Coin Capture Score: BSOL scores higher
How much of what holding the coin gave did a holder of the fund keep?
A percentile among the 28 spot crypto ETPs listed less than a year. It is a position in a set, not a rating, and neither end of it is a recommendation. All crypto ETFs ranked by it · How it is computed
The same coin, two trusts
BSOL and SOLZ hold the same asset. Both are 1933 Act trusts holding Solana through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. Over the days each has traded, BSOL finished 4.1% ahead of Solana once both returns are compounded and SOLZ 4.7% behind once both returns are compounded, but the two windows are not the same days, so neither figure is set against the other here. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one figure. SOLZ has 222 more days of record than BSOL, and a longer record is a longer window over which a cost can show itself.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| BSOL | SOLZ | BSOL | SOLZ | BSOL | SOLZ | |
| 1 month | +35.4% | +34.4% | +35.6% | +35.6% | −0.1 pts | −1.1 pts |
| 3 months | +55.0% | +52.6% | +53.4% | +53.4% | +1.6 pts | −0.8 pts |
| 6 months | +18.1% | +13.6% | +16.1% | +16.1% | +1.9 pts | −2.5 pts |
| 1 year | not published | −57.3% | not published | −55.2% | not published | −4.7% of its growth |
| Since each listed | −45.1% | −29.1% | −47.3% | −19.7% | +4.1% of its growth | −11.8% of its growth |
| BSOL Bitwise Solana Staking ETF Holds Solana through a custodian, listed Oct 28, 2025 | SOLZ Solana ETF Holds Solana through a custodian, listed Mar 20, 2025 | |
|---|---|---|
| Sponsor | Bitwise | Solana |
| Holds | Solana | Solana |
| Net assets | $592m, balance sheet of Jun 30, 2026 | not read |
| Sponsor’s fee | 0.20% | not read |
| Fee waiver | the whole fee, until January 27, 2026 | none |
| Staking | the filings say it does | possible; no clear answer read |
| Listed | Oct 28, 2025 | Mar 20, 2025 |
| Days since listing | 318 days | 540 days |
| Days it has traded | 219 | 372 |
| Days it closed unchanged | 2 | 1 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −45.1% | −57.3% |
| The coin over the same days | −47.3% | −55.2% |
| Difference, percentage points | +4.1% of its growth | −4.7% of its growth |
| Fund returned since it listed | −45.1% | −29.1% |
| Difference since it listed | +4.1% of its growth | −11.8% of its growth |
| Price | $14.03 | $10.16 |
BSOL in plain words
BSOL holds Solana through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, Solana moved −47.3% and BSOL returned −45.1%. That leaves it 4.1% ahead once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. Doing it would read +2.2 pts, which is arithmetically correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 104% of what holding the coin gave says exactly that. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. BSOL charges 0.20% a year and still finished 4.1% ahead of Solana, which a fee cannot do on its own. Solana is a proof of stake chain, so a fund holding it can stake. BSOL’s own filings say it does (10-Q, Aug 7, 2026). What the prices show is that it finished 4.1% ahead of Solana’s own price over the same days, against +2.9% for the other 8 funds holding Solana. After a fee, an in-kind ETP ahead of the asset it holds got there by staking. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Solana it custodies.
SOLZ in plain words
SOLZ holds Solana through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Sep 11, 2026, Solana moved −55.2% and SOLZ returned −57.3%. That leaves it 4.7% behind once both returns are compounded. Doing it would read −2.1 pts, which is arithmetically correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 95% of what holding the coin gave says exactly that.
Questions people ask
- Which tracked Solana more closely, BSOL or SOLZ?
- Over the days each has traded, BSOL finished 4.1% ahead of Solana once both returns are compounded and SOLZ 4.7% behind once both returns are compounded. Those are not set against each other here, because the two windows are not the same days, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin.
- Do BSOL or SOLZ pay a staking yield?
- Solana is a proof of stake chain, so staking is possible. Whether either trust stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed.
- What is the difference between BSOL and SOLZ?
- Both hold Solana through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. BSOL is sponsored by Bitwise and listed Oct 28, 2025; SOLZ by Solana, listed Mar 20, 2025.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BSOL against SOLZ, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/BSOL-SOLZ Free to use with attribution; the underlying files are at Open data.