Short Interest in Bitwise Solana Staking ETF (NYSEARCA:BSOL) Grows By 125.8%

Bitwise Solana Staking ETF (NYSEARCA:BSOL) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 982,776 shares, an increase of 125.8% from the July 15th total of 435,337 shares. Based on an average daily trading volume, of 2,334,220 shares, the short-interest ratio is currently 0.4 days. Approximately 1.7% of the shares of the stock are short sold.

Bitwise Solana Staking ETF Stock Performance

NYSEARCA BSOL opened at $10.24 on Friday. The business has a 50 day simple moving average of $10.08 and a two-hundred day simple moving average of $11.15. Bitwise Solana Staking ETF has a 1-year low of $8.32 and a 1-year high of $26.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Beaird Harris Wealth Management LLC purchased a new position in shares of Bitwise Solana Staking ETF in the fourth quarter valued at $26,000. PNC Financial Services Group Inc. grew its stake in shares of Bitwise Solana Staking ETF by 228.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,800 shares of the ETF’s stock worth $42,000 after buying an additional 2,644 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Bitwise Solana Staking ETF in the 4th quarter worth about $48,000. RFG Advisory LLC bought a new stake in shares of Bitwise Solana Staking ETF in the 1st quarter worth about $117,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of Bitwise Solana Staking ETF during the 2nd quarter valued at about $151,000.

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.