Bitwise Solana ETF Gets Lending Approval from Major Bank

Bitwise's Solana staking ETF (BSOL) has gained approval from a major bank for customers to borrow up to 25% of their shares' value. This addition of a lending function makes BSOL one of the first U.S.-listed crypto funds to be accepted as collateral.

The bank will allow its clients to borrow up to $25,000 against every $100,000 worth of BSOL shares. The loan is secured by exchange-traded shares rather than SOL held in a private wallet. This means that BSOL shareholders do not control the underlying tokens or their private keys.

BSOL combines SOL exposure with staking rewards. Launched on NYSE Arca in October 2025, it provides U.S. investors direct exposure to SOL through a publicly traded product. Bitwise also stakes nearly all of the fund's tokens so that staking rewards increase the assets supporting its shares.

As of August 9, BSOL held 8.18 million SOL worth $622 million. The fund reported a net asset value of $10.39 per share and a market price of $10.41 on the same date.