1,890,000 Shares in Bitwise Solana Staking ETF $BSOL Acquired by Multicoin Capital Management LLC

Multicoin Capital Management LLC purchased a new stake in shares of Bitwise Solana Staking ETF (NYSEARCA:BSOL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,890,000 shares of the ETF’s stock, valued at approximately $18,918,900. Bitwise Solana Staking ETF comprises about 0.0% of Multicoin Capital Management LLC’s holdings, making the stock its 2nd largest holding. Multicoin Capital Management LLC owned 3.33% of Bitwise Solana Staking ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Fielder Capital Group LLC purchased a new position in shares of Bitwise Solana Staking ETF during the 4th quarter worth $1,937,000. Electric Capital Partners LLC acquired a new stake in Bitwise Solana Staking ETF during the fourth quarter worth about $137,760,000. Mangrove Partners IM LLC acquired a new stake in shares of Bitwise Solana Staking ETF in the fourth quarter valued at $9,232,000. Trustees of Dartmouth College purchased a new position in shares of Bitwise Solana Staking ETF during the first quarter worth approximately $3,368,000. Finally, Wolverine Asset Management LLC purchased a new position in Bitwise Solana Staking ETF in the fourth quarter valued at about $14,267,000.

Bitwise Solana Staking ETF Price Performance

Shares of BSOL stock traded down $0.81 on Friday, hitting $14.22. The stock had a trading volume of 4,827,712 shares, compared to its average volume of 2,471,894. The stock’s 50 day moving average is $10.63 and its 200-day moving average is $11.01. Bitwise Solana Staking ETF has a 52-week low of $8.32 and a 52-week high of $26.60.

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.