Bitwise Solana Staking ETF (NYSEARCA:BSOL) Stock Short Interest Climbs 175.7%

Bitwise Solana Staking ETF (NYSEARCA:BSOL) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 3,315,101 shares, an increase of 175.7% from the September 30th total of 1,202,604 shares. Based on an average daily trading volume, of 3,296,007 shares, the days-to-cover ratio is currently 1.0 days. Currently, 5.6% of the company’s shares are short sold.

Institutional Trading of Bitwise Solana Staking ETF

A number of institutional investors have recently bought and sold shares of the business. Multicoin Capital Management LLC bought a new stake in shares of Bitwise Solana Staking ETF during the 2nd quarter valued at $18,918,900. Trustees of Dartmouth College bought a new position in shares of Bitwise Solana Staking ETF in the 1st quarter worth $3,368,000. Sepio Capital LP bought a new position in shares of Bitwise Solana Staking ETF in the 3rd quarter worth $1,523,000. Militia Capital Management LLC acquired a new stake in shares of Bitwise Solana Staking ETF during the first quarter worth $480,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Bitwise Solana Staking ETF by 8.9% during the third quarter. AdvisorNet Financial Inc now owns 25,738 shares of the ETF’s stock worth $416,000 after purchasing an additional 2,107 shares during the period.

Bitwise Solana Staking ETF Trading Down 3.3%

Shares of BSOL traded down $0.47 on Thursday, reaching $13.79. 2,252,133 shares of the company’s stock were exchanged, compared to its average volume of 2,721,059. The business has a 50 day moving average price of $14.62 and a two-hundred day moving average price of $12.20. Bitwise Solana Staking ETF has a 12 month low of $8.32 and a 12 month high of $24.89.

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.