Short Interest in Bitwise Solana Staking ETF (NYSEARCA:BSOL) Decreases By 36.4%

Bitwise Solana Staking ETF (NYSEARCA:BSOL) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 120,849 shares, a decline of 36.4% from the May 31st total of 189,907 shares. Based on an average daily trading volume, of 3,235,074 shares, the short-interest ratio is presently 0.0 days. Approximately 0.5% of the shares of the stock are sold short.

Bitwise Solana Staking ETF Stock Performance

Shares of NYSEARCA BSOL opened at $10.99 on Friday. The company has a 50-day simple moving average of $10.70. Bitwise Solana Staking ETF has a 52 week low of $8.32 and a 52 week high of $26.60.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Electric Capital Partners LLC purchased a new stake in Bitwise Solana Staking ETF in the 4th quarter valued at approximately $137,760,000. Fielder Capital Group LLC purchased a new position in Bitwise Solana Staking ETF during the fourth quarter worth $1,937,000. Mangrove Partners IM LLC purchased a new position in Bitwise Solana Staking ETF during the fourth quarter worth $9,232,000. Wolverine Asset Management LLC acquired a new position in shares of Bitwise Solana Staking ETF in the fourth quarter worth $14,267,000. Finally, Militia Capital Partners LP acquired a new position in shares of Bitwise Solana Staking ETF in the fourth quarter worth $308,000.

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.