Bitwise Solana Staking ETF (NYSEARCA:BSOL – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 120,849 shares, a decrease of 36.4% from the May 31st total of 189,907 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,235,074 shares, the short-interest ratio is currently 0.0 days.
Institutional Trading of Bitwise Solana Staking ETF
Several hedge funds have recently modified their holdings of BSOL. Beaird Harris Wealth Management LLC bought a new position in Bitwise Solana Staking ETF in the 4th quarter worth approximately $26,000. AdvisorNet Financial Inc boosted its position in Bitwise Solana Staking ETF by 11.8% in the 1st quarter. AdvisorNet Financial Inc now owns 15,557 shares of the ETF’s stock valued at $172,000 after buying an additional 1,646 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Bitwise Solana Staking ETF by 228.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the ETF’s stock valued at $42,000 after buying an additional 2,644 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Bitwise Solana Staking ETF in the 4th quarter valued at $48,000. Finally, Keel Point LLC raised its position in shares of Bitwise Solana Staking ETF by 17.5% during the first quarter. Keel Point LLC now owns 25,695 shares of the ETF’s stock worth $284,000 after acquiring an additional 3,823 shares during the last quarter.
Bitwise Solana Staking ETF Stock Up 4.8%
NYSEARCA:BSOL traded up $0.50 during mid-day trading on Thursday, reaching $10.95. 1,125,896 shares of the company were exchanged, compared to its average volume of 2,291,142. Bitwise Solana Staking ETF has a 12 month low of $8.32 and a 12 month high of $26.60. The firm’s fifty day moving average is $10.72.
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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