Overview
- TickerBSOL on NYSE2
- IndustryCommodity Contracts Brokers & Dealers2
- HeadquartersSan Francisco, United States2
- Incorporated inDE3
- Business address250 Montgomery Street, Suite 200, San Francisco, Ca 941043
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
- Legal formStatutory Trust2
- Kind of organizationTrust2
- LEI529900ZRH3ZGG3F00K322
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o CSC Delaware Trust Company, 251 Little Falls Drive, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 100138722
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The Bitwise Solana Staking ETF (the “Trust”) is an exchange-traded product that issues common shares of beneficial interest (“Shares”) that are listed on NYSE Arca, Inc. (the “Exchange”) under the ticker symbol “BSOL.” The Trust’s primary investment objective is to seek to provide exposure to the value of solana held by the Trust, less the expenses of the Trust’s operations and other liabilities. The Trust’s secondary investment objective is to derive additional solana through staking. In seeking to achieve its primary investment objective, the Trust will hold solana and establish its net asset value (“NAV”) by reference to the CME CF Solana – Dollar Reference Rate – New York Variant (“SOLUSD_NY”). The Trust is sponsored and managed by Bitwise Investment Advisers, LLC (the “Sponsor”).4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 |
|---|---|---|---|
| Investment in solana, at fair value (cost $851,075) including $638,813 staked solana | $638.9M | $0 | |
| Receivable for staked rewards | $107.0K | ||
| Receivable for In-Kind Creations | $2.3M | ||
| Total assets | $641.3M | ||
| Sponsor Fee payable | $0 | ||
| Total liabilities | $0 | ||
| Net Assets | $641.3M | $641.3M | $0 |
| Shares issued | 39.2M shares | ||
| Shares outstanding | 39.2M shares | ||
| Principal Market NAV per share | $16.37 | $25.00 | |
| Cost | $848.7M | ||
| Common stock, no par value | $0 |
| Period ending | 2025-12-31 | 2025-10-31 | 2024-12-31 |
|---|---|---|---|
| Investment in solana, at fair value (cost $851,075) including $638,813 staked solana | $638.9M | $0 | |
| Receivable for staked rewards | $107.0K | ||
| Receivable for In-Kind Creations | $2.3M | ||
| Total assets | $641.3M | ||
| Sponsor Fee payable | $0 | ||
| Total liabilities | $0 | ||
| Net Assets | $641.3M | $641.3M | $0 |
| Shares issued | 39.2M shares | ||
| Shares outstanding | 39.2M shares | ||
| Principal Market NAV per share | $16.37 | $25.00 | |
| Cost | $848.7M | ||
| Common stock, no par value | $0 |
What it owns
What Bitwise Solana Staking ETF reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Properties, in its own words
The Trust is a passive entity with no operations, and the Sponsor administers and manages the Trust as described under “Item 1. Business—Description of the Trust Agreement.” The principal office of the Sponsor is located at 250 Montgomery Street, Suite 200, San Francisco, CA 94104. The lease expires on March 1, 2027.
Item 2 of the 10-K filed Mar 20, 2026.4
Former names
- Bitwise Solana ETFNov 21, 2024 to Sep 26, 20253
Timeline
- Nov 20, 2024Founded Bitwise Solana Staking ETF is founded2
Filings
25 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 21 other. The latest 20:
- Aug 13, 2026POS AM EDGAR
- Aug 7, 202610-Q EDGAR
- May 6, 202610-Q EDGAR
- Mar 27, 2026424I EDGAR
- Mar 20, 202610-K EDGAR
- Nov 10, 202510-Q EDGAR
- Oct 28, 2025424B3 PROSPECTUS EDGAR
- Oct 28, 2025POS EX POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-1 EDGAR
- Oct 27, 2025CORRESP EDGAR
- Oct 27, 2025CERT NYSE ARCA CERTIFICATION EDGAR
- Oct 23, 20258-A12B/A AMENDMENT NO. 1 TO FORM 8-A12B EDGAR
- Oct 8, 2025S-1/A AMENDMENT NO. 5 TO FORM S-1 EDGAR
- Sep 26, 2025CORRESP EDGAR
- Sep 26, 20258-A12B FOR REGISTRATION OF CERTAIN CLASSES EDGAR
- Sep 26, 2025S-1/A AMENDMENT NO. 4 TO FORM S-1 EDGAR
- Sep 12, 2025UPLOAD EDGAR
- Aug 29, 2025S-1/A AMENDMENT NO. 3 TO FORM S-1 EDGAR
- Aug 29, 2025CORRESP EDGAR
- Aug 15, 2025UPLOAD EDGAR
- Jul 31, 2025S-1/A AMENDMENT NO. 2 TO FORM S-1 EDGAR
The 25 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 60. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Electric Capital Partners, LLC | 8,400,000 | $84.1M | 82.4% | No change |
| Goldman Sachs Group Inc | 3,897,254 | $39.0M | 0.0% | New |
| Morgan Stanley | 2,709,429 | $27.1M | 0.0% | No change |
| Multicoin Capital Management, LLC | 1,890,000 | $18.9M | 11.5% | No change |
| Weiss Asset Management LP | 1,846,208 | $18.5M | 0.3% | New |
| Citadel Advisors LLC | 1,682,561 | $16.8M | 0.0% | −179,676 |
| Fielder Capital Group LLC | 893,833 | $8.9M | 1.9% | +825,111 |
| Marex Group Ltd | 713,879 | $7.1M | 0.1% | +76,141 |
| Wolverine Asset Management LLC | 480,795 | $4.8M | 0.2% | +227,140 |
| Jane Street Group, LLC | 471,823 | $4.7M | 0.0% | +286,285 |
| Susquehanna International Group, Llp | 419,002 | $4.2M | 0.0% | −2,421,637 |
| IMC-Chicago, LLC | 357,985 | $3.6M | 0.0% | −259,077 |
| Trustees of Dartmouth College | 304,803 | $3.1M | 0.9% | No change |
| Perigon Wealth Management, LLC | 97,056 | $971.5K | 0.0% | +46,975 |
| Group One Trading LLC | 93,788 | $938.8K | 0.0% | +86,832 |
| Atria Investments, Inc | 65,389 | $654.5K | 0.0% | New |
| LaSalle St. Investment Advisors, LLC | 65,000 | $650.6K | 0.1% | New |
| Advisory Services Network, LLC | 59,587 | $596.5K | 0.0% | −7,531 |
| Militia Capital Management LLC | 56,000 | $560.6K | 0.1% | −74,200 |
| Kaleidoscope Capital LP | 41,320 | $413.6K | 0.2% | No change |
| Rpo LLC | 40,350 | $403.9K | 2.7% | −46,350 |
| Twelve Points Wealth Management LLC | 31,641 | $316.7K | 0.1% | +12,035 |
| Keel Point, LLC | 29,690 | $297.2K | 0.0% | +3,995 |
| Accurate Wealth Management, LLC | 25,000 | $264.8K | 0.0% | −10,799 |
| Beacon Pointe Advisors, LLC | 23,904 | $239.3K | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Bitwise Solana Staking ETF is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBitwise Solana Staking ETF1
- CIK0002045872
- Employer ID (EIN)39-69045274
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
- Business address250 Montgomery Street, Suite 200, San Francisco, CA 941041
- Phone415-707-36631
- Shares outstanding59,010,000 as of Aug 2, 20266
- Public float$0 as of Jun 30, 20257
- AuditorKPMG LLP, New York, New York PCAOB ID 185; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceNov 21, 20241
- Filings25 in all: S-1/A (5), CORRESP (4), UPLOAD (4), 10-Q (3), 10-K (1), 424B3 (1), 424I (1), 8-A12B (1)1
All 13 form types
8-A12B/A (1), CERT (1), POS AM (1), POS EX (1), S-1 (1)
- Latest filingsAnnual report (10-K) Mar 20, 2026
Quarterly report (10-Q) Aug 7, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Bitwise Solana Staking ETF | BSOL | NYSE Arca, Inc. |
From the cover page of the 10-K filed Mar 20, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Bitwise Solana Staking ETF names in Item 1A of its 10-K filed Mar 20, 2026: 74 risks under these headings, as written.4
- Risks Related to Digital Assets
- A determination that solana or any other digital asset is a “security” may adversely affect the price of solana and the value of the Shares, and result in potentially extraordinary, nonrecurring expenses to, or termination of, the Trust.
- The trading prices of many digital assets, including solana, have experienced extreme volatility in recent periods and may continue to do so. Extreme volatility in the future, including further declines in the trading price of solana, could have a material adverse effect on the value of the Shares and the Shares could lose all or substantially all of their value.
- Digital assets, including solana, are subject to a number of risks related to the digital asset ecosystem.
- Many digital assets, including solana, were only introduced within the past decade, and the medium-to-long-term value of the Shares is subject to a number of factors relating to the capabilities and development of blockchain technologies and to the fundamental investment characteristics of digital assets.
- Digital assets represent a new and rapidly evolving industry, and the value of the Shares depends on the acceptance of solana.
- Recent developments in the digital asset economy have led to extreme volatility and disruption in digital asset markets, a loss of confidence in participants of the digital asset ecosystem, significant negative publicity surrounding digital assets broadly and market-wide declines in liquidity.
- Proof-of-stake blockchains are a relatively recent innovation and have not been subject to as widespread use or adoption over as long of a period of time as traditional proof-of-work blockchains.
- Digital asset networks face significant scaling challenges and efforts to increase the volume and speed of transactions may not be successful.
- Risks Associated with Solana and the Solana Network
- The value of the Shares relates directly to the price of solana. The price of solana may be highly volatile and subject to fluctuations due to a number of factors, including the successful development and acceptance of the Solana network.
- Solana’s initial manner of sale may resemble that of certain digital assets found to be securities, and a determination that solana was offered or sold as a “security” may significantly adversely affect the value of solana and an investment in Shares.
The other 64 risks
- Solana is a relatively new technological innovation with a limited operating history. The Solana network may not function as intended, which could have an adverse impact on the value of solana therefore the value of Shares.
- Mathematical or technological advances could undermine the Solana network’s consensus mechanism.
- Smart contracts, including those relating to DeFi applications, are a new technology and their ongoing development and operation may result in problems, which could reduce the demand for solana or cause a wider loss of confidence in the Solana network, either of which could have an adverse impact on the value of solana.
- Digital assets may have concentrated ownership and large sales or distributions by holders of such digital assets, or any ability to participate in or otherwise influence a digital asset’s underlying network, could have an adverse effect on the market price of such digital asset.
- Any name change and any associated rebranding initiative by the core developers of solana may not be favorably received by the digital asset community, which could negatively impact the value of solana and the value of the Shares.
- The loss or destruction of a private key required to access solana may be irreversible. The Solana Custodian’s loss of access to a private key associated with the Trust’s solana could adversely affect an investment in the Shares.
- New competing digital assets may result in a reduction in demand for solana, which could have a negative impact on the price of solana and may have a negative impact on the performance of the Trust.
- Competition From central bank digital currencies and emerging payments initiatives involving financial institutions could adversely affect the value of solana and other digital assets.
- The price of solana may be affected due to stablecoins (including Tether and USDC), the activities of stablecoin issuers and their regulatory treatment.
- If the digital assets generated and/or transaction fees earned for recording transactions on the Solana network are not sufficiently high to incentivize validators, or if certain jurisdictions continue to limit or otherwise regulate validating activities, validators may cease expanding validating power or demand high transaction fees, which could negatively impact the value of solana and the value of the Shares.
- Validators may suffer losses due to staking, or staking may prove unattractive to validators, which could make the Solana network less attractive.
- Operational cost may exceed the award for validating transaction, and increased transaction fees may adversely affect the usage of the Solana network.
- Anonymity and illicit financing risk.
- Unlike some digital assets, which have a limit on outstanding supply, there is no limit on the supply of solana.
- A temporary or permanent “fork” or a “clone” of the Solana network could adversely affect the value of the Shares.
- In the event of a hard fork of the Solana network, the Sponsor will, if permitted by the terms of the Trust Agreement, use its discretion to determine which network should be considered the appropriate network for the Trust’s purposes, and in doing so may adversely affect the value of the Shares.
- In the event of a hard fork of the Solana network, the Solana Custodian’s operations may be interrupted or subject to additional security risks that could disrupt the Trust’s ability to process creations and redemptions of Shares or otherwise threaten the security of the Trust’s solana holdings.
- Shareholders may not receive the benefits of any forks or “airdrops.”
- The Solana network could be vulnerable to attacks on transaction finality and consensus processes, which could adversely affect an investment in the Trust or the ability of the Trust to operate.
- If validators exit the Solana network, it could increase the likelihood of a malicious actor obtaining control.
- The digital asset trading platforms on which solana trades are relatively new and largely unregulated or may not be complying with existing regulations.
- Digital asset trading platforms may be exposed to security breaches.
- Digital asset trading platforms may be exposed to fraud and market manipulation.
- Digital asset trading platforms may be exposed to wash trading.
- Digital asset trading platforms may be exposed to front-running.
- Momentum pricing.
- Political or economic crises may motivate large-scale sales of solana, which could result in a reduction in the price of solana and adversely affect an investment in the Shares.
- Due to the nature of private keys, solana transactions are irrevocable and stolen or incorrectly transferred solana may be irretrievable. As a result, any incorrectly executed Solana transactions could adversely affect an investment in the trust.
- A disruption of the internet may affect Solana network operations, which may adversely affect the solana industry and an investment in the Trust.
- Decentralized governance of the Solana network could have a negative impact on the performance of the Trust.
- The open-source structure of the Solana network protocol means that the core developers and other contributors are generally not directly compensated for their contributions in maintaining and developing the Solana network protocol. A failure to properly monitor and upgrade the Solana network protocol could damage the Solana network and an investment in the trust.
- Flaws in source code.
- Competition from the emergence or growth of other digital assets or methods of investing in solana could have a negative impact on the price of solana and adversely affect the value of the Shares.
- Congestion or delay in the Solana network may negatively impact the Trust.
- Risks Associated with the Pricing Benchmark, SRR and CME Solana Real Time Price
- The Pricing Benchmark, SRR and CME Solana Real Time Price each have a limited history.
- The Benchmark Provider could experience systems failures or errors.
- The Pricing Benchmark could fail to track the global solana price, and a failure of the Pricing Benchmark could adversely affect the value of the Shares.
- The Sponsor can discontinue using the Pricing Benchmark and use a different pricing or valuation methodology instead.
- The Pricing Benchmark price used to calculate the value of the Trust’s solana may be volatile, adversely affecting the value of the Shares.
- The Pricing Benchmark price being used to determine the NAV of the Trust may not be consistent with GAAP. To the extent that the Trust’s financial statements are determined using a different pricing source that is consistent with GAAP, the NAV reported in the Trust’s periodic financial statements may differ, in some cases significantly, from the Trust’s NAV determined using the Pricing Benchmark pricing.
- Risks Related to Pricing
- Risks Associated with Staking
- Staking may subject the Trust to risks, which in the may include loss of rewards, slashing penalties, and operational uncertainties.
- The Trust’s staking could impair its ability to satisfy Redemption Orders on a timely basis.
- The treatment of staking under U.S. federal securities laws may be unsettled.
- Solana staking may result in adverse tax consequences for Shareholders.
- Risks Associated with Investing in the Trust
- Investment-Related Risks.
- The Trust is subject to market risk.
- Different from directly owning solana.
- The Trust is a passive investment vehicle. The Trust is not actively managed and will be affected by a general decline in the price of solana.
- The value of the Shares may be influenced by a variety of factors unrelated to the price of solana.
- Liquidity risk.
- The NAV may not always correspond to the market price of solana and, as a result, Baskets may be created or redeemed at a value that is different from the market price of the Shares.
- The Shares may trade at a discount or premium in the trading price relative to the NAV as a result of non-concurrent trading hours between the Exchange and digital asset trading platforms. Non-concurrent trading hours may also result in the Shares gapping at the open of trading on the Exchange.
- Buying and selling activity associated with the creation and redemption of Baskets may adversely affect an investment in the Shares.
- The inability of Authorized Participants and market makers to hedge their solana exposure may adversely affect the liquidity of Shares and the value of an investment in the Shares.
- Arbitrage transactions intended to keep the price of Shares closely linked to the price of solana may be problematic if the process for the creation and redemption of Baskets encounters difficulties, which may adversely affect an investment in the Shares.
- Investors may be adversely affected by Creation Orders or Redemption Orders that are subject to postponement, suspension or rejection under certain circumstances.
- Investors may be adversely affected by an overstatement or understatement of the NAV calculation of the Trust due to the valuation method employed on the date of the NAV calculation.
- As an owner of Shares, you will not have the rights normally associated with ownership of other types of shares.
- The Sponsor and the Trustee may agree to amend the Trust Agreement or Sponsor Agreement without the consent of the Shareholders.
- The Trust is subject to risks due to its concentration of investments in a single asset class.
- A possible “short squeeze” due to a sudden increase in demand for the Shares that largely exceeds supply may lead to price volatility in the Shares.
- As the Sponsor and its management have a limited history of operating an investment vehicle like the Trust, their experience may be inadequate or unsuitable to manage the Trust.
- Security threats and cyber-attacks could result in the halting of Trust operations and a loss of Trust assets or damage to the reputation of the Trust, each of which could result in a reduction in the price of the Shares.
- The Trust’s risk management processes and policies may prove to not be adequate to prevent any loss of the Trust’s solana.
Legal proceedings
There are no current, past, pending or, to the Sponsor’s knowledge, threatened legal proceedings or administrative actions either by or against the Trust or the Sponsor that could have a material effect on the Trust’s or the Sponsor’s business, financial condition, or operations or any current, past or pending trading suspensions by a securities regulator.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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