Multicoin Capital Management LLC Makes New Investment in Bitwise Solana Staking ETF $BSOL

Multicoin Capital Management LLC purchased a new stake in shares of Bitwise Solana Staking ETF (NYSEARCA:BSOL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,890,000 shares of the ETF’s stock, valued at approximately $18,918,900,000. Bitwise Solana Staking ETF comprises about 11.5% of Multicoin Capital Management LLC’s portfolio, making the stock its 2nd largest position.

Several other institutional investors also recently modified their holdings of BSOL. Avior Wealth Management LLC acquired a new position in Bitwise Solana Staking ETF during the 2nd quarter worth about $151,000. Militia Capital Management LLC bought a new position in shares of Bitwise Solana Staking ETF during the first quarter worth about $480,000. Keel Point LLC raised its position in shares of Bitwise Solana Staking ETF by 17.5% during the first quarter. Keel Point LLC now owns 25,695 shares of the ETF’s stock worth $284,000 after acquiring an additional 3,823 shares during the last quarter. Cardiff Park Advisors LLC lifted its stake in shares of Bitwise Solana Staking ETF by 83.6% in the first quarter. Cardiff Park Advisors LLC now owns 20,000 shares of the ETF’s stock worth $221,000 after acquiring an additional 9,108 shares during the period. Finally, Trustees of Dartmouth College acquired a new position in shares of Bitwise Solana Staking ETF in the first quarter worth approximately $3,368,000.

Bitwise Solana Staking ETF Stock Performance

Shares of BSOL stock opened at $12.48 on Monday. The business’s 50 day simple moving average is $10.32 and its 200 day simple moving average is $10.96. Bitwise Solana Staking ETF has a one year low of $8.32 and a one year 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.