Traders Buy Large Volume of Bitwise Solana Staking ETF Put Options (NYSEARCA:BSOL)

Bitwise Solana Staking ETF (NYSEARCA:BSOL) was the target of some unusual options trading on Monday. Traders acquired 5,005 put options on the company. This represents an increase of 128% compared to the typical volume of 2,199 put options.

Bitwise Solana Staking ETF Stock Down 5.3%

Shares of NYSEARCA:BSOL opened at $13.46 on Wednesday. Bitwise Solana Staking ETF has a 12-month low of $8.32 and a 12-month high of $26.60. The business has a fifty day simple moving average of $11.64 and a 200 day simple moving average of $11.28.

Hedge Funds Weigh In On Bitwise Solana Staking ETF

A number of hedge funds have recently made changes to their positions in the stock. Electric Capital Partners LLC bought a new position in Bitwise Solana Staking ETF during the 4th quarter worth approximately $137,760,000. Multicoin Capital Management LLC bought a new stake in shares of Bitwise Solana Staking ETF in the 2nd quarter valued at $18,918,900. Mangrove Partners IM LLC bought a new stake in shares of Bitwise Solana Staking ETF in the 4th quarter valued at $9,232,000. Trustees of Dartmouth College bought a new stake in shares of Bitwise Solana Staking ETF in the 1st quarter valued at $3,368,000. Finally, Fielder Capital Group LLC acquired a new stake in shares of Bitwise Solana Staking ETF during the fourth quarter worth $1,937,000.

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.