Bitwise Solana Staking ETF (NYSEARCA:BSOL) Short Interest Up 125.8% in July

Bitwise Solana Staking ETF (NYSEARCA:BSOL) was the recipient of 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. Currently, 1.7% of the company’s shares are short sold. Based on an average daily volume of 2,334,220 shares, the short-interest ratio is currently 0.4 days.

Bitwise Solana Staking ETF Trading Down 1.7%

BSOL traded down $0.18 on Friday, reaching $10.24. 2,487,400 shares of the company traded hands, compared to its average volume of 2,327,326. Bitwise Solana Staking ETF has a one year low of $8.32 and a one year high of $26.60. The firm has a fifty day simple moving average of $10.08 and a two-hundred day simple moving average of $11.15.

Institutional Trading of Bitwise Solana Staking ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fielder Capital Group LLC bought a new stake in Bitwise Solana Staking ETF during the 4th quarter valued at $1,937,000. Electric Capital Partners LLC bought a new position in shares of Bitwise Solana Staking ETF during the 4th quarter worth $137,760,000. Mangrove Partners IM LLC purchased a new position in shares of Bitwise Solana Staking ETF during the fourth quarter valued at $9,232,000. Trustees of Dartmouth College purchased a new position in shares of Bitwise Solana Staking ETF during the first quarter valued at $3,368,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of Bitwise Solana Staking ETF during the fourth quarter valued at $14,267,000.

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.