Bitwise Solana Staking ETF (NYSEARCA:BSOL) Short Interest Down 36.4% in June

Bitwise Solana Staking ETF (NYSEARCA:BSOL) was the recipient of a significant drop in short interest in the month of 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 shares are short sold. Based on an average daily volume of 3,235,074 shares, the days-to-cover ratio is currently 0.0 days.

Bitwise Solana Staking ETF Trading Up 4.8%

Bitwise Solana Staking ETF stock traded up $0.50 during trading hours on Thursday, reaching $10.95. 1,125,896 shares of the company’s stock traded hands, compared to its average volume of 2,291,142. Bitwise Solana Staking ETF has a fifty-two week low of $8.32 and a fifty-two week high of $26.60. The business’s 50 day moving average price is $10.72.

Hedge Funds Weigh In On Bitwise Solana Staking ETF

Several large investors have recently bought and sold shares of the business. Perigon Wealth Management LLC bought a new position in Bitwise Solana Staking ETF in the fourth quarter valued at approximately $357,000. Farther Finance Advisors LLC acquired a new position in shares of Bitwise Solana Staking ETF in the 4th quarter valued at $48,000. Quattro Financial Advisors LLC acquired a new position in shares of Bitwise Solana Staking ETF in the 4th quarter valued at $319,000. Wolverine Asset Management LLC bought a new position in shares of Bitwise Solana Staking ETF in the 4th quarter worth $14,267,000. Finally, VanderPol Investments L.L.C. bought a new position in shares of Bitwise Solana Staking ETF in the 4th quarter worth $242,000.

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.