Bitwise Asset Management announced a partnership with fintech firm Superstate on August 14, 2026, to develop the ability for investors to hold shares of certain Bitwise funds in tokenized form on a blockchain. The Bitwise Solana Staking ETF, which trades under the ticker BSOL, is expected to be the first product considered for the structure.

Under the framework in development, tokenization would alter only the method of recording share ownership. Investors would continue to buy the same fund shares through existing channels and retain identical economic and legal rights. Shareholders could then choose to hold those shares either in traditional book-entry form through The Depository Trust Company or as tokens recorded on a blockchain and maintained by Superstate’s transfer agency infrastructure.

Tokenized shares would carry the same rights as conventional shares but would not be freely transferable outside the blockchain-based recordkeeping system. Bitwise stressed that the capability remains under development and that availability for BSOL or any other fund is not guaranteed. The initiative is subject to applicable legal and regulatory requirements.

Focus on the Solana Staking ETF

BSOL began trading on NYSE Arca in late October 2025. The exchange-traded fund provides exposure to Solana while incorporating staking rewards generated from the SOL held by the product. Bitwise set the management fee at 0.20 percent at launch. The fund attracted substantial early inflows and by mid-2026 held a significant share of assets among Solana-focused ETFs.

Bitwise indicated that if the Solana ETF tokenization proceeds successfully, additional funds in its lineup could follow a similar path. The firm oversees more than $9 billion in client assets across more than 70 investment products.

Superstate’s Role and Prior Collaboration

Superstate specializes in helping issuers and asset managers bring securities onto blockchain infrastructure. It provides compliant issuance, recordkeeping, and on-chain market services. The company registered as a transfer agent with the U.S. Securities and Exchange Commission in 2025 and has worked on tokenized funds and equity products for other managers.

Bitwise and Superstate had already collaborated on a separate tokenized fund launched earlier in 2026. The new partnership builds on that existing relationship rather than starting from a blank slate.

Context of Recent Operational Changes

The tokenization announcement came days after Bitwise confirmed a reduction in its workforce. The firm cut approximately 14 percent of its employees, bringing its global headcount to about 155 people. Management described the changes as a step to better position the company for continued growth amid its expanding range of crypto investment products.

Bitwise has continued to develop and file for additional crypto-focused ETFs, including products that incorporate staking features. The move toward optional tokenized share registration for existing funds represents an effort to integrate blockchain recordkeeping into regulated investment vehicles while preserving the familiar ETF structure and investor protections.

Availability of the tokenized option for BSOL or other Bitwise funds will depend on the completion of development work and regulatory clearances. No specific timeline has been provided.