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Bitwise considers tokenized Solana staking ETF structure with Superstate
The proposed setup would allow ETF shares held in token form to carry the same rights as book-entry holdings, though they would not be freely transferable outside the system.
Bitwise is exploring a plan to tokenize its Solana staking ETF in partnership with Superstate, according to The Block. The approach would use tokenized shares as part of the ETF structure.
The Block reports that shares represented in token form would carry the same rights as shares held in book-entry form.
However, the outlet adds that the tokenized shares would not be freely transferable outside the token system, reflecting limits on how trading and ownership could work in practice.
The proposal highlights how crypto firms are experimenting with digital ownership mechanics for exchange-traded products while trying to preserve the rights associated with conventional ETF shareholding.
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