Bitwise Solana Staking ETF

# Bitwise Solana Staking ETF

The trust is an exchange-traded fund that provides investors with exposure to Solana, a cryptocurrency network and blockchain platform. The fund holds Solana directly and determines its net asset value using the CME CF Solana – Dollar Reference Rate – New York Variant as its pricing benchmark. As a passively managed vehicle, the ETF does not actively trade its holdings but instead maintains a static position in Solana to track the digital asset's performance.

Bitwise Investment Advisers, LLC serves as the sponsor and manager of the fund. The firm is responsible for fund operations, asset custody arrangements, and NAV calculations based on the specified pricing methodology. The ETF is incorporated in Delaware and listed on the NYSE, providing retail and institutional investors with regulated access to direct Solana exposure through a traditional securities wrapper rather than through direct cryptocurrency exchange accounts or custody arrangements.