Bitwise Partners with Superstate for Tokenized Solana Staking ETF Ownership

Bitwise Asset Management is collaborating with Superstate to offer tokenized ownership for its Solana Staking ETF (BSOL) shares. The plan does not involve creating a new token or separate class of shares, but rather modifying how existing fund shares are recorded.

The proposed model functions as an infrastructure upgrade for the ETF, allowing investors to choose between traditional DTC registration and blockchain-based ownership through Superstate's technology. This approach separates the investment product from the infrastructure used to verify its ownership.

Investors will continue to purchase BSOL shares through established channels and can select their preferred method of ownership record. The tokenized version is not a derivative, synthetic product, or separate share class that tracks the BSOL price.