Bitwise and Superstate Collaborate on Tokenizing Solana Staking ETF
Bitwise Asset Management has announced a partnership with tokenization firm Superstate to investigate the possibility of allowing shares of its Solana staking ETF to be held on-chain. This collaboration aims to develop infrastructure that would enable investors to choose between traditional shareholding through the Depository Trust Company or having their ownership recorded on a blockchain via Superstate’s transfer agency infrastructure.
The Solana Staking ETF, trading on NYSE Arca under the ticker BSOL, is expected to be the first fund considered for this tokenized share option. However, Bitwise has cautioned that the feature is subject to legal and regulatory requirements, and there is no guarantee it will be implemented.
Tokenization would not create a separate investment product or alter the underlying rights associated with the shares. Investors would continue to purchase BSOL shares through existing channels, with the only change being how ownership is recorded. Tokenized shares would retain the same rights as traditional shares but would not be freely transferable outside the designated recordkeeping system.
Superstate specializes in providing infrastructure for bringing securities on-chain, including compliant issuance, recordkeeping, direct investor registration, and integration with on-chain markets. Launched in October 2025, BSOL aims to provide direct exposure to Solana while seeking additional SOL through staking. As of late July, the fund managed approximately $592 million in assets. Bitwise currently oversees more than $9 billion in client assets across over 70 investment products, indicating that additional ETFs could adopt the tokenized share structure if this initiative progresses.
Updated 23:30 UTC
New Developments in Bitwise's Strategy
- Bitwise Asset Management is set to launch its first product in the "alpha strategies" line during the week of August 17, 2023.
- CEO Hunter Horsley outlined five distinct investor-solution categories: ETFs and ETPs, staking, vault curation, alpha strategies, and a fifth undisclosed line.
- Bitwise currently manages between $10 billion and $15 billion in client assets, offering over 70 investment solutions.
- Jeff Park leads the alpha strategies division, which has previously worked on options income ETFs to provide yield through options writing.
- Bitwise's approach suggests a shift towards operating like a traditional asset management platform rather than a niche crypto player.
Updated 00:00 UTC
New Developments in Bitwise Chainlink ETF
- The Bitwise Chainlink ETF (ticker: CLNK) has attracted approximately $1.5 million in net inflows over the past week.
- As of late June 2026, the ETF holds roughly 2.77 million LINK tokens, translating to an assets under management (AUM) estimate between $24 million to $26 million.
- The ETF has posted a total return of -47.60% since its launch on January 14, 2026.
- Net assets were reported at $19.9 million as of June 30, 2026.
- The management fee for the ETF is set at 0.34%, which was waived entirely for the first three months after launch for the first $500 million in assets.
- CLNK is the second ETF in the US market to provide direct exposure to Chainlink's native token.
- The CLNK launch is part of a broader trend of single-asset crypto ETFs introduced in the US market in late 2025 and early 2026.
FAQ
What is the purpose of the collaboration between Bitwise and Superstate?
The collaboration aims to investigate the possibility of allowing shares of Bitwise's Solana staking ETF to be held on-chain, developing infrastructure for investors to choose between traditional shareholding and blockchain-based ownership.
What is the ticker symbol for the Solana Staking ETF?
The Solana Staking ETF trades on NYSE Arca under the ticker symbol BSOL.
Will tokenized shares alter the rights associated with BSOL shares?
No, tokenized shares will retain the same rights as traditional shares and will not create a separate investment product or alter the underlying rights.
What services does Superstate provide?
Superstate specializes in providing infrastructure for bringing securities on-chain, including compliant issuance, recordkeeping, direct investor registration, and integration with on-chain markets.
How much assets does Bitwise currently manage?
Bitwise currently oversees more than $9 billion in client assets across over 70 investment products.
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