Bitwise Solana Staking ETF (NYSEARCA:BSOL) Short Interest Up 374.5% in June

Bitwise Solana Staking ETF (NYSEARCA:BSOL) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 573,421 shares, a growth of 374.5% from the June 15th total of 120,849 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 2,594,822 shares, the short-interest ratio is currently 0.2 days.

Bitwise Solana Staking ETF Price Performance

Shares of NYSEARCA BSOL traded down $0.40 during mid-day trading on Monday, reaching $10.19. The company had a trading volume of 1,551,696 shares, compared to its average volume of 2,347,729. The business has a fifty day simple moving average of $10.64. Bitwise Solana Staking ETF has a 12-month low of $8.32 and a 12-month high of $26.60.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Beaird Harris Wealth Management LLC acquired a new stake in shares of Bitwise Solana Staking ETF during the 4th quarter valued at $26,000. PNC Financial Services Group Inc. grew its holdings in shares of Bitwise Solana Staking ETF by 228.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the ETF’s stock valued at $42,000 after acquiring an additional 2,644 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Bitwise Solana Staking ETF in the fourth quarter worth $48,000. RFG Advisory LLC acquired a new position in shares of Bitwise Solana Staking ETF in the first quarter worth $117,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of Bitwise Solana Staking ETF during the second quarter worth $151,000.

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.