Bitwise Solana Staking ETF Could Gain Onchain Share Option

TLDR

• Bitwise partnered with Superstate to develop tokenized share ownership for selected investment funds.
• The Bitwise Solana staking ETF is expected to be the first fund considered for the tokenized share option.
• Investors could choose between traditional DTC book-entry shares and blockchain-recorded tokenized shares.
• Tokenized shares would provide the same shareholder rights as traditional shares but would remain within an approved recordkeeping system.
• Superstate will provide the transfer agency infrastructure needed to record and manage tokenized fund shares onchain.

Bitwise Asset Management has partnered with Superstate to build a system that could let investors hold shares of selected funds in tokenized form. Bitwise expects the Bitwise Solana staking ETF to become the first fund considered for the option, although launch timing remains uncertain.

The planned structure would not create a new security or change investor rights. It would only change how the system records ownership, while investors would continue buying the same fund shares through existing channels.

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