Multicoin Capital Management LLC Buys New Shares in Bitwise Solana Staking ETF $BSOL

Multicoin Capital Management LLC acquired a new position in shares of Bitwise Solana Staking ETF (NYSEARCA:BSOL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,890,000 shares of the ETF’s stock, valued at approximately $18,918,900,000. Bitwise Solana Staking ETF comprises 11.5% of Multicoin Capital Management LLC’s investment portfolio, 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 quarter.

Other large investors have also added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC acquired a new stake in shares of Bitwise Solana Staking ETF during the 4th quarter worth about $26,000. PNC Financial Services Group Inc. increased its stake in 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 worth $42,000 after acquiring an additional 2,644 shares during the period. Farther Finance Advisors LLC acquired a new position in Bitwise Solana Staking ETF in the fourth quarter valued at about $48,000. RFG Advisory LLC acquired a new position in shares of Bitwise Solana Staking ETF in the 1st quarter valued at approximately $117,000. Finally, Avior Wealth Management LLC acquired a new position in Bitwise Solana Staking ETF during the second quarter valued at approximately $151,000.

Bitwise Solana Staking ETF Price Performance

Shares of BSOL stock opened at $12.48 on Monday. Bitwise Solana Staking ETF has a fifty-two week low of $8.32 and a fifty-two week high of $26.60. The stock’s fifty day moving average price is $10.32 and its two-hundred day moving average price is $10.96.

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.