Bitwise Solana Staking ETF (NYSEARCA:BSOL – Get Free Report) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 189,907 shares, a decline of 53.5% from the May 14th total of 408,047 shares. Based on an average trading volume of 1,991,346 shares, the short-interest ratio is presently 0.1 days. Currently, 0.8% of the company’s shares are short sold.
Bitwise Solana Staking ETF Stock Performance
Shares of NYSEARCA BSOL remained flat at $9.05 during trading on Friday. The stock had a trading volume of 1,656,166 shares, compared to its average volume of 2,269,430. Bitwise Solana Staking ETF has a fifty-two week low of $8.32 and a fifty-two week high of $26.60. The company’s 50-day moving average price is $11.13.
Institutional Trading of Bitwise Solana Staking ETF
A number of hedge funds and other institutional investors have recently modified their holdings of BSOL. Electric Capital Partners LLC acquired a new stake in shares of Bitwise Solana Staking ETF during the 4th quarter worth about $137,760,000. Goldman Sachs Group Inc. acquired a new stake in shares of Bitwise Solana Staking ETF during the 4th quarter worth about $45,398,000. Multicoin Capital Management LLC acquired a new stake in shares of Bitwise Solana Staking ETF during the 4th quarter worth about $30,996,000. Wolverine Asset Management LLC acquired a new stake in shares of Bitwise Solana Staking ETF during the 4th quarter worth about $14,267,000. Finally, Mangrove Partners IM LLC acquired a new stake in shares of Bitwise Solana Staking ETF during the 4th quarter worth about $9,232,000.
Bitwise Solana Staking ETF (NYSEARCA: BSOL) is an exchange-traded fund listed on the NYSE Arca that is offered by Bitwise Asset Management. The fund is designed to provide investors with targeted exposure to the Solana blockchain ecosystem by combining ownership of the SOL token with efforts to capture staking rewards associated with Proof-of-Stake validation on the Solana network. As an ETF, BSOL offers a single, regulated vehicle to pursue that exposure within brokerage accounts.
BSOL’s investment approach centers on holding SOL and pursuing mechanisms to accrue staking income, which may involve validating or delegating tokens to network validators or using custodial staking services.
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