Electric Capital Partners LLC Invests $137.76 Million in Bitwise Solana Staking ETF $BSOL

Electric Capital Partners LLC bought a new position in shares of Bitwise Solana Staking ETF (NYSEARCA:BSOL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,400,000 shares of the ETF’s stock, valued at approximately $137,760,000. Bitwise Solana Staking ETF makes up about 89.9% of Electric Capital Partners LLC’s portfolio, making the stock its largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fielder Capital Group LLC bought a new stake in shares of Bitwise Solana Staking ETF during the fourth quarter worth about $1,937,000. Wolverine Asset Management LLC bought a new stake in shares of Bitwise Solana Staking ETF during the fourth quarter worth about $14,267,000. Intesa Sanpaolo S.p.A. bought a new stake in shares of Bitwise Solana Staking ETF during the fourth quarter worth about $4,360,000. Weiss Asset Management LP bought a new stake in shares of Bitwise Solana Staking ETF during the fourth quarter worth about $3,470,000. Finally, RPO LLC bought a new stake in shares of Bitwise Solana Staking ETF during the fourth quarter worth about $3,298,000.

Bitwise Solana Staking ETF Price Performance

NYSEARCA:BSOL opened at $9.05 on Friday. The stock’s 50-day simple moving average is $11.13. Bitwise Solana Staking ETF has a one year low of $8.32 and a one year 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.