Bitwise’s BSOL Becomes First Solana ETF to Surpass $1 Billion in Assets

Solana validators passed SGP-0002, a proposal to increase disinflation rate from -15% to 30%. The vote was narrowly approved with 67% support, 25.16% opposition, and 7.84% abstaining. Helius CEO Mert Mumtaz played a key role in securing last-minute votes. Other proposals had mixed results, with SGP-0001 passing and SGP-0003 failing.

Charles Schwab will add Solana (SOL), Chainlink (LINK), and Avalanche (AVAX) to its Schwab Crypto trading service, expanding beyond Bitcoin and Ethereum. The move, announced by the company, aims to provide clients with more digital asset options. Trading fees are 75 basis points per transaction, with some geographical restrictions. The company plans to add more cryptocurrencies in the future, subject to regulatory and market conditions.

Bitcoin fell 3.01% to US$77,838 on August 28, 2026, after Fed Chair Kevin Warsh's hawkish speech. Ethereum, Solana, and XRP also declined. Warsh's comments increased expectations of a September rate hike, leading to liquidations in leveraged crypto positions.

Solana's on-chain vote approved SGP-0002, doubling the annual SOL disinflation rate from 15% to 30%. The proposal, backed by 176.29M SOL, aims to reduce issuance by 18.9M SOL over six years. Staking rewards may drop from 5.84% to 2.25% over three years. Implementation requires software updates. SGP-0001, a governance rule proposal, also passed.

Solana validators approved a measure to double the annual reduction of SOL emissions from 15% to 30%, retaining a 1.5% long-term inflation target. The change, supported by 67% of voters, will reduce emissions by 18.9 million SOL over six years, balancing supply and staking rewards. This follows significant inflows into US Solana ETFs, with Bitwise's product surpassing $1 billion in assets. Key players had divided positions, and the vote marked Solana's first binding governance process.

Solana's community narrowly approved a proposal to double the disinflation rate of SOL, reducing its inflation rate from 15% to 30% annually. The vote passed with a slim margin, reflecting divisions over the impact on staking rewards and network security. The change aims to increase SOL's scarcity but may reduce validator incentives.