Bitwise
Solana Staking ETP
BSOL
TICKER
ISIN

Designed for Investors.


Optimized for performance.
  • NAV daily change -7.13%
  • NAV YTD change
    -
  • NAV since inception -18.20%

Investment Objective

The Bitwise Solana Staking ETP (BSOL) offers investors exposure to the performance of SOL, while capturing additional staking rewards that are accumulated in the ETP. BSOL is an institutional-grade, low cost, and liquid ETP that is fully backed with Solana (SOL) held in cold storage custody. The ETP is benchmarked to the Compass Solana Total Return Monthly Index, after fees and expenses.

Revolutionizing Performance and Transparency

BSOL is specifically designed to deliver the best possible outcomes for investors looking to earn rewards from SOL staking. The ETP aims at providing the highest staking returns, the lowest total cost of ownership, and superior performance compared to other Solana staking products. With a competitive Total Expense Ratio (TER) of 0.85% and a transparent staking fee structure, BSOL maximizes investor returns. Its innovative staking mechanism ensures higher rewards, while being the only Solana staking ETP benchmarked against a total return index, providing a clear and reliable measure of performance.

Factsheet
Ticker
ISIN
KID Final Terms Prospectus EMT EET All Documents
BSOL Product Specifications

Why BSOL ?

Fully transparent

BSOL holders receive all staking rewards net of a staking service fee of 28% that is charged by the issuer to cover staking service and other costs.

Real benchmark

The Compass Solana Total Return Monthly Index allows for clear assessment of performance against the current SOL staking rewards market rate.

Simple and reliable

Buy and sell like any stock or ETF through your regular securities account. No new account or crypto wallet needed.

Liquidity

Investors in BSOL enjoy daily liquidity on the stock exchange and are not limited by lock-up periods or other technical challenges of crypto staking.

Physical ETP Structure

Units of BSOL are 100% physically backed by Solana (SOL) held securely in cold storage. The private keys never leave custody even during staking.

Institutional-grade Custody

The assets backing the ETP are kept in cold-storage custody and are secured by an independent trustee, thus eliminating issuer default risk.

Specifications

Key Information

Primary Ticker BSOL
ISIN DE000A4A59D2
WKN A4A59D
TER 0.85% p.a.
Asset Class Digital Assets
Underlying Exposure Solana (SOL)
Strategy Staked SOL Total Return
Replication Method Physically allocated (100% fully backed)

Composition

0 logo Staked Solana (SOL) 100 %

BSOL NAV

NAV (USD)
$ 9.47
NAV to previous day
-7.13%  /  $ -0.73

The ETP's NAV U.S. dollar value is determined at 4.00 pm CET of each business day, and represents the value of one unit; it is calculated by using the relevant spot price of the underlying digital asset. The value is not necessarily the same as the ETP's intraday trading price. Investors should not expect to buy or sell the ETP at the determined NAV value.

BSOL Performance

Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. NAV performance is displayed in base currency (USD). Brokerage or transaction fees will apply. Past performance is no guarantee of future performance, and your invested capital may be at risk.

BSOL Assets under Management

Last updated:
Asset Name Solana Staking
Asset Symbol BSOL
Shares outstanding 10,000
AUM in Cold-Storage BSOL 499.80
AUM market value (USD) $ 94,697.83
Cryptocurrency Entitlement
(per unit) BSOL 0.04998021

Staking Solana (SOL)

Why Stake SOL?

Staking SOL, the native token of the Solana blockchain, is a way to earn additional income while supporting the network's speed, security, and scalability. Solana's high-performance proof-of-stake consensus model enables fast and reliable transactions. By staking SOL - either directly or through this ETP product - investors contribute to transaction validation and block production, earning rewards in SOL tokens that are reinvested within the ETP to maximize its overall performance.

Why use an ETP for Staking?

For investors, this Solana Staking ETP simplifies staking by managing technical requirements and custody. While direct SOL holders have options for staking, an ETP offers distinct advantages, particularly liquidity: investors enjoy daily trading on the stock exchange without lock-up periods or technical complexities. Additionally, assets are securely held in cold storage with a specialized institutional custodian, ensuring safekeeping at all times.

BSOL Staking Details

Expected Staking Reward (net of fee)
72% of total staking rewards

Investors receive 72% of all staking rewards generated by staking the ETP's underlying SOL. The issuer keeps a fee of 28% of the total staking rewards to cover costs associated to staking (the "Staking Service Fee").
The Expected Staking Reward represents the rewards expected to be received by the ETP, expressed in annualised % terms. This number is subject to change based on market rates for rewards in SOL staking and will be periodically adjusted.

How are the rewards passed to investors?
The staking rewards less 28% Staking Service Fee are reinvested into the ETP to enhance performance. This means that the cryptocurrency entitlement per ETP, which is the amount of underlying SOL per every unit of the ETP investors own is adjusted upwards. The current cryptocurrency entitlement can be retreived from the CE table available among the resources in the Staking section of this page.

Staking Service Fee
28% of Staking Rewards
The fee withheld by Bitwise Europe GmbH (expressed as % of total rewards), to cover costs related to staking.
Staking Provider Sous Vide Limited (trading as “Marinade”)
Reference Benchmark Compass Solana Total Return Monthly Index
Index Provider Compass Financial Technologies SA
Benchmark Bloomberg code SOLTRM Index

Resources

Staking Rewards History.xlsx Index Information Page Index Methodology Staking Guide

Staking Index Performance

Performance in %, starting 1 December 2023

Frequenty Asked Questions

BSOL is 100% physically backed by Solana (SOL) and replicates the performance of the underlying, less fees. The underlying SOL are staked, hence generating additional income for investors in accordance with the SOL staking market rate (less staking fees).
BSOL holders receive all staking rewards net of a staking service fee of 28% that is charged by the issuer to cover staking related costs. This means 72% of the total staking rewards are passed on to investors in the ETP.
The SOL staking rewards, net of fees, are added to the Crypto Entitlement (CE) of BSOL at the end of each trading day. This means that the value of underlying Solana (SOL) per ETP unit increases.
Yes. The staking provider that Bitwise uses for its Staking ETPs has the ability to stake directly from the ETP’s custody wallet. This means the crypto assets’ private keys never leave custody during staking and remain in cold storage.
Yes, all Bitwise ETPs - including the staking products - can be bought or sold on exchange daily. This means investors can buy and sell on the stock exchange during conventional exchange trading hours.
Read the Bitwise Staking Guide Read the Bitwise Staking Guide

BSOL Trading Information

Trading Currency
Exchange
ISIN
WKN
Valoren
Ticker BBG
SEDOL
RIC
Deutsche Börse XETRA
EUR
Ticker
Listing date:
ISIN DE000A4A59D2
WKN A4A59D
Valoren –
BSOL GR
SEDOL BR4XZ75
RIC BSOL.DE
Deutsche Börse XETRA
USD
Ticker
Listing date:
ISIN DE000A4A59D2
WKN A4A59D
Valoren –
BSOM GR
SEDOL BR4XZ97
RIC BSOM.DE

Buy and sell just like stocks or ETFs

Use the securities account you already have or select from a wide range of platforms

  1. Open your online securities account and call up the order mask.
  2. Insert ticker, ISIN, or name of the product and select trading platform (Our products are tradable at least on Xetra).
  3. Set amount and review your order to ensure accuracy before confirming the trade.
Registered for sale
cz flag Česká Republika dk flag Danmark de flag Deutschland es flag España fr flag France hr flag Hrvatska ie flag Ireland it flag Italia lu flag Luxembourg mt flag Malta nl flag Nederland no flag Norge at flag Österreich pl flag Polska pt flag Portugal ch flag Schweiz fi flag Suomi se flag Sverige
Liquidity Ecosystem Market Makers /
Authorised Participants (APs) detailed info
Flow Traders B.V.
Jane Street Financial Limited
Susquehanna International Securities Limited
XTX Markets SAS
Goldenberg Hehmeyer LLP
Makor Securities London Ltd (Enigma Securities)
DRW Europe B.V.

Note: MM/AP services may vary by product

Product Details

Structure

Domicile Germany
Issue Date 11.12.2024
Primary listing venue Deutsche Börse XETRA
Primary Listing Date 18.12.2024
Legal Form Debt Security
Product Structure ETP (Exchange Traded Product)
Redemption by Investors* Yes
Creation & Redemption (APs) In-kind
Leverage 1:1 (No leverage)
Minimum Investment 1 unit
Expiry Date Open ended
Entry Exit Fees None
Replication Method Physically allocated (100% fully backed)
Lending No
* Possible against the undelrying cryptocurrency or in cash in cases where redemption in cryptocurrency is not possible for regulatory reasons.

Key Service Providers

Issuer Bitwise Europe GmbH
Index Provider Compass Financial Technologies SA
Prospectus Competent Authority BaFin (Germany)
Custodian Zodia Custody (Ireland) Limited
Security Trustee The Law Debenture Trust Corporation p.l.c.
Administrator Apex Corporate & Advisory Services Ltd
Registrar Clearstream Banking AG
Paying Agent & Fiscal Agent Quirin Privatbank AG

Underlying Price Reference

Underlying Price Reference Compass Solana Total Return Monthly Index
Bloomberg Ticker SOLTRM Index
Benchmark Provider Compass Financial Technologies
Price Reference Currency USD
NAV Valuation Method Daily NAV

Fees

Management Fee (TER) 0.85% p.a.
Performance Fee None
Entry/Exit Fees* None
*Your broker may charge commissions to buy and sell the ETP

Legal & Tax

Tax Treatment Germany Benefits apply to 1-year holding period
UCITS Compliant No
UCITS Eligible Eligible but not compliant with UCITS*
SFDR Classification Contact us for more information
ISA Eligible Yes
SIPP Eligible Yes
*Currently, there are no definitive regulatory indications to determine the suitability of this ETP for investment in UCITS. Bitwise has conducted an internal analysis, applying the UCITS eligibility framework to ETPs with cryptocurrencies as underlying assets. For further information, please contact us at europe@bitwiseinvestments.com.

Institutional Custody

Custodian logo

Bitwise only partners with leading providers of digital asset custody.

Zodia Custody (Ireland) Limited is a European digital assets custodian registered in the UK, Ireland and Luxembourg, underpinned by 160 years of institutional custody expertise thanks to the institutions backing the firm.

European & Custodian

Zodia is based in London and registered in the UK with the Financial Conduct Authority (FCA in Ireland with Central Bank of Ireland (CBI) and in Luxembourg with the Commission de Surveillance du Secteur Financier (CSSF).

Cold Storage img Custody

Zodia's cold storage custody wallets are fully segregated wallets in line with CASS principles.

Institutional-Grade img Security

The wallets have an involvency remote trust structure. Each wallet is cryptographically guaranteed for Proof-of-Ownership and Proof-of-Management, ensuring the highest level of security.

Secure img & Certified

Zodia custody features a bank-grade compliance & governance framework and is SOC 1 and ISO 27001 certified.

Risk Warnings

  1. Cryptocurrencies and products linked to cryptocurrencies are highly volatile.
  2. You can lose some or all of your investment.
  3. Risks of investing are numerous and include market, price, currency, liquidity, operational, legal, and regulatory risks.
  4. Exchange traded products do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.
  5. Investment in cryptocurrencies and products linked to cryptocurrencies are only suitable for experienced investors and you should seek independent advice and check with your broker prior to investing.

Buy Bitwise
Solana Staking ETP through your regular online broker or bank

Buy this ETP using your existing brokerage account, or choose from a variety of platforms:

Select your country
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  • Sverige flag Sverige
  • Ελλάδα flag Ελλάδα
  • Κύπρος flag Κύπρος
How to order the ETP in stock market trading:
  • Open your online securities account
  • Call up the order mask
  • Set amount
  • Enter order details using the ISIN or WKN
    of the desired product
  • Select trading platform (our ETPs are all tradable on at least Xetra)
  • Place the order
What to do if the ETP is not available to you?

Contact your online trading platform or your bank's customer service to request trading access to our products. Always include ISIN and ticker in your request. If you face any difficulties, send us an email with further information to europe@bitwiseinvestments.com. We are here to help and may contact your online trading platform or bank to help resolve the issue.

Risks Involved in Investing in ETPs

  • Cryptocurrencies and products linked to cryptocurrencies are highly volatile.
  • You can lose some or all of your investment.
  • Risks of investing are numerous and include market, price, currency, liquidity, operational, legal, and regulatory risks.
  • Exchange traded products do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.
  • Investment in cryptocurrencies and products linked to cryptocurrencies are only suitable for experienced investors and you should seek independent advice and check with your broker prior to investing.

All investors should read the relevant base prospectus and final terms contained on this website before investing and, in particular, the section entitled ‘Risk Factors’ for further details of risks associated with an investment.

Redirection to external website

The website or web pages to which you are redirected are not owned by Bitwise. Bitwise therefore shall not be held liable for any information, data, details, explanations and representations (hereinafter referred to as "Information") provided on such websites, in particular not for damages that may result from the use of this Information for your own investment decisions. Price and performance data on the websites of Bitwise may differ from the price information on the websites of the respective online brokers or banks.

The information on the websites to which you are redirected is the sole responsibility of their providers. The offers you find on the providers' websites are expressly not directed at persons in countries that prohibit the provision or retrieval of the content posted therein. Each user is responsible for finding out about any restrictions before accessing the websites and complying with them.

By clicking the "Continue" button, you will be forwarded directly to the website or login or order screen of the selected provider. In the case of an order form, the following fields are usually preset: ISIN, buy/sell and exchange. It should be possible to change such fields at any time. We recommend to carefully check all the details in the securities order form before placing an order.