Bitwise Solana Staking ETF (NYSEARCA:BSOL) Short Interest Update

Bitwise Solana Staking ETF (NYSEARCA:BSOL) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 120,849 shares, a drop of 36.4% from the May 31st total of 189,907 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 3,235,074 shares, the days-to-cover ratio is currently 0.0 days.

Bitwise Solana Staking ETF Price Performance

BSOL stock remained flat at $10.99 during trading hours on Friday. 3,916,265 shares of the company’s stock traded hands, compared to its average volume of 2,314,793. Bitwise Solana Staking ETF has a 12 month low of $8.32 and a 12 month high of $26.60. The business has a 50 day simple moving average of $10.71.

Hedge Funds Weigh In On Bitwise Solana Staking ETF

Several hedge funds have recently bought and sold shares of BSOL. Beaird Harris Wealth Management LLC acquired a new stake in shares of Bitwise Solana Staking ETF in the fourth quarter worth about $26,000. PNC Financial Services Group Inc. increased 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 during the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Bitwise Solana Staking ETF during the 4th quarter valued at about $48,000. RFG Advisory LLC bought a new position in shares of Bitwise Solana Staking ETF in the 1st quarter valued at approximately $117,000. Finally, AdvisorNet Financial Inc raised its stake in shares of Bitwise Solana Staking ETF by 11.8% in the 1st quarter. AdvisorNet Financial Inc now owns 15,557 shares of the ETF’s stock valued at $172,000 after acquiring an additional 1,646 shares in the last quarter.

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.