The Bitwise Solana Staking ETF (BSOL) is an exchange-traded fund that holds solana directly and gives investors exposure to the cryptocurrency through a standard brokerage account, without requiring them to manage wallets, private keys, or custody. Coinbase Custody holds the Trust's solana in segregated cold storage. BSOL has two objectives: track the value of the Trust's solana holdings net of fees, and earn additional solana through staking. Staking involves delegating the Trust's solana to network validators, who earn newly minted solana and transaction fees, a portion of which flows back to the Trust. The Trust aims to stake approximately 100% of its solana holdings, with a 6% Staking Expenses fee deducted from gross staking rewards before the remainder accrues to shareholders. Bitwise Investment Advisers serves as Sponsor and earns a 0.20% annual fee on the Trust's solana holdings, covering essentially all normal operating costs in exchange. BNY Mellon serves as Administrator and Transfer Agent. Shares trade on NYSE Arca, and only Authorized Participants can create or redeem shares in blocks of 10,000 shares, in-kind or in cash — a standard ETF structure that keeps market price close to NAV through arbitrage. The staking feature is the primary differentiator from other solana spot ETFs, as it allows shareholders to accumulate additional solana over time, partially offsetting the Sponsor Fee.