Mangrove Partners IM LLC acquired a new position in Bitwise Solana Staking ETF (NYSEARCA:BSOL – Free Report) in the 4th quarter, HoldingsChannel reports. The fund acquired 562,955 shares of the ETF’s stock, valued at approximately $9,232,000. Bitwise Solana Staking ETF comprises about 0.8% of Mangrove Partners IM LLC’s investment portfolio, making the stock its 21st largest holding.
Several other large investors also recently added to or reduced their stakes in BSOL. Goldman Sachs Group Inc. purchased a new stake in Bitwise Solana Staking ETF in the 4th quarter worth about $45,398,000. Multicoin Capital Management LLC purchased a new stake in Bitwise Solana Staking ETF in the 4th quarter worth about $30,996,000. Wolverine Asset Management LLC purchased a new stake in Bitwise Solana Staking ETF in the 4th quarter worth about $14,267,000. Ieq Capital LLC purchased a new stake in Bitwise Solana Staking ETF in the 4th quarter worth about $5,800,000. Finally, Intesa Sanpaolo S.p.A. bought a new position in Bitwise Solana Staking ETF in the 4th quarter worth about $4,360,000.
Bitwise Solana Staking ETF Stock Down 1.9%
Shares of NYSEARCA BSOL opened at $10.00 on Wednesday. Bitwise Solana Staking ETF has a 52 week low of $8.32 and a 52 week high of $26.60. The business has a 50-day moving average of $11.11.
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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Want to see what other hedge funds are holding BSOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bitwise Solana Staking ETF (NYSEARCA:BSOL – Free Report).
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