An unnamed major bank has approved the Bitwise Solana Staking ETF (BSOL) as collateral, allowing clients to borrow up to 25% of their holdings' value. Disclosed by Bitwise CEO Hunter Horsley on August 11, 2026, this conservative loan-to-value facility integrates regulated crypto ETFs into traditional securities-backed lending. The move allows investors to access liquidity tax-efficiently without selling their shares, preserving exposure to SOL and BSOL's 5.84% net staking yield.
BSOL loan collateral approval
- ▪The disclosure of the BSOL borrowing facility omitted details such as the lending bank's identity, interest rates, minimum loan sizes, repayment periods, and specific account requirements.
- ▪An unnamed major bank approved the Bitwise Solana Staking ETF (BSOL) as collateral for loans with a maximum loan-to-value (LTV) ratio of 25%.
- ▪Bitwise Asset Management co-founder and CEO Hunter Horsley disclosed the bank's BSOL loan approval in an August 11, 2026 post on the social media platform X.
Bitwise Solana ETF staking
- ▪The Bitwise Solana Staking ETF (BSOL) launched on October 28, 2025 on NYSE Arca as the first US spot Solana exchange-traded product offering direct exposure to SOL.
- ▪The Bitwise Solana Staking ETF (BSOL) stakes approximately 99% of its SOL holdings through Bitwise Onchain Solutions and Helius technology to generate staking rewards.
- ▪Staking rewards earned by the Bitwise Solana Staking ETF (BSOL) are reinvested to compound the fund's net asset value rather than being distributed to shareholders as dividends.
BSOL asset flows
- ▪The Bitwise Solana Staking ETF (BSOL) recorded $69.45 million in net inflows on its first trading day and surpassed $500 million in assets within its first 18 trading days.
- ▪The Bitwise Solana Staking ETF (BSOL) drew $267.1 million in net subscriptions during the first half of 2026, increasing its SOL holdings from 5.15 million to 8.05 million tokens.
BSOL performance metrics
- ▪As of August 9, 2026, the Bitwise Solana Staking ETF (BSOL) held 8,184,971.62 SOL with a market value of $622.02 million.
- ▪The Bitwise Solana Staking ETF (BSOL) reported a net asset value of $10.39 per share and a 90-day net staking reward rate of 5.84% as of August 9, 2026.
- ▪Falling SOL prices reduced the net assets of the Bitwise Solana Staking ETF (BSOL) from $641.3 million to $592.3 million during the first half of 2026, yielding a negative 38.85% NAV return.
Securities-backed lending mechanics
- ▪Borrowing against BSOL shares allows investors to access liquidity without triggering capital gains taxes that would otherwise result from selling the assets.
- ▪Under a 25% loan-to-value ratio, an investor pledging $100,000 of BSOL shares can borrow up to $25,000 while keeping the underlying assets in their account as collateral.
Crypto ETF institutional integration
- ▪The BSOL borrowing facility is established at the bank level using the lender's own credit infrastructure, rather than being a leverage product offered directly by the ETF.
- ▪By mid-May 2026, the Bitwise Solana Staking ETF (BSOL) controlled approximately 81% of the $1.06 billion in total assets held by U.S. spot Solana funds.
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