Mangrove Partners IM LLC Takes Position in Bitwise Solana Staking ETF $BSOL

Mangrove Partners IM LLC bought a new stake in shares of Bitwise Solana Staking ETF (NYSEARCA:BSOL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 biggest holding.

Several other large investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new stake in shares of Bitwise Solana Staking ETF during the 4th quarter valued at $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. purchased a new stake in Bitwise Solana Staking ETF in the 4th quarter worth about $4,360,000.

Bitwise Solana Staking ETF Stock Down 1.9%

Shares of BSOL opened at $10.00 on Wednesday. The business has a 50-day moving average price of $11.11. Bitwise Solana Staking ETF has a fifty-two week low of $8.32 and a fifty-two week 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.