Bitwise Solana Staking Exchange Traded Product

Bitwise Solana Staking Exchange Traded Product is an exchange-traded fund designed to provide direct exposure to Solana, a prominent blockchain platform recognized for its high throughput and low transaction costs. The primary objective of this product is to mirror the value of Solana held by the fund, adjusted for operational expenses, offering investors a convenient way to access the performance of Solana without directly managing digital wallets or blockchain transactions. A distinguishing feature of this product is its integration of staking: the fund aims to stake 100% of its Solana holdings, which allows it to potentially generate additional yield via blockchain-validated rewards, targeting average rewards of approximately 7%. Managed by Bitwise Investment Advisers, this vehicle follows a transparent pricing benchmark derived from aggregated Solana market trading. By structuring exposure to Solana as an ETF, it brings added regulatory oversight, liquidity, and operational efficiency to institutional and retail participants. This product plays a pivotal role in broadening mainstream access to digital asset yields, positioning itself as a bridge between traditional financial infrastructure and emerging decentralized technologies.