Bitwise sets BSOL management fees at 0% for a limited time in an effort to provide cost-efficient exposure to Solana, one of the most widely used blockchains in crypto.

Bitwise Asset Management, the global crypto asset manager with over $15 billion in client assets, today announced the launch of the Bitwise Solana Staking ETF (NYSE: BSOL). BSOL is the first ETP in the U.S. to have 100% direct exposure to SOL, and one of the first crypto ETPs with built-in staking. Bitwise intends to stake 100% of the Fund’s SOL holdings through Bitwise Onchain Solutions, powered by Helius, the leading Solana staking technology known for its high performance, technical excellence, and security. The strategy aims to maximize investors’ participation in Solana’s average staking rewards of over 7%.¹

The Bitwise Solana Staking ETF will trade on NYSE starting October 28, 2025, under the ticker BSOL. The management fee will be 0.20%, with the fee set at 0% for the first three months on the first $1 billion in assets.

“We believe Solana is one of the most exciting crypto investment opportunities that exists today,” said Matt Hougan, Chief Investment Officer of Bitwise. “Its ability to transact huge volumes with high efficiency and low cost makes it a serious competitor for the stablecoin and tokenization markets. Additionally, Solana generates more revenue than any other blockchain, making it a compelling project for investors who prioritize onchain fundamentals. BSOL is designed to give investors best-in-class exposure to Solana’s potential in a convenient, low-cost ETP wrapper.”²

Among Solana’s most notable characteristics:

• One of the fastest blockchains: Solana is known for its low latency, with the ability to confirm transactions in 400 milliseconds—compared to roughly 12 seconds for Ethereum and 10 minutes for Bitcoin.
• Scalability: Solana can process 100,000 financial transactions per second—more than the current volume of all the equity exchanges in the world combined.³ Add in its low cost—the median transaction fee is $0.001—and Solana is well-positioned to compete in bringing global financial markets onchain.⁴
• Powerful revenue generation: Solana generated over $2 billion in network revenue in the past year, more than any other chain.⁵
• Offers staking rewards: Solana’s proof-of-stake mechanism provides the opportunity for investors to earn an average 7% staking reward on their assets today.

With over 2,000 developers and millions of monthly active users across its ecosystem, Solana is becoming one of the pivotal players across crypto and traditional finance.

The Bitwise Solana Staking ETF, which will offer in-kind creation and redemption, gives investors exposure not only to SOL’s potential price appreciation but also to staking rewards. In blockchain networks like Solana, staking refers to the process of helping to secure the network and validate transactions; in return, participants earn rewards, similar to earning interest.

The fund aims to offer a best-in-class solution that maximizes staking rewards and oversight for investors by leveraging Bitwise’s in-house staking expertise and Helius’ leading Solana staking technology. Helius, which manages more than 13 million staked SOL, was chosen by Bitwise for its unmatched understanding of the Solana ecosystem and track record of high performance.

"What Netflix did to video and what Amazon did to commerce, Solana is doing to capital markets," said Mert Mumtaz, CEO and Co-founder of Helius. "Partnering on Bitwise's Solana Staking ETF enables traditional investors to own a piece of the innovation happening on Solana every day. We’re excited to power the Bitwise Onchain Solutions validator and work with a team that shares our commitment to Solana."

“2025 has been a turning point for crypto. At long last, it is rapidly being accepted as a mainstream alternative asset class,” said Hunter Horsley, CEO of Bitwise. “The launch of BSOL today is another milestone, opening the door for investors to participate in one of the most widely used and fastest-growing technology platforms in the space, Solana. For the past eight years, Bitwise has been helping investors access and navigate the opportunities in crypto, and we’ve never seen more interest. We’re excited about the path ahead.”

About Bitwise

Bitwise Asset Management is a global crypto asset manager with more than $15 billion in client assets and a suite of over 30 crypto investment products spanning ETFs, separately managed accounts, private funds, hedge fund strategies, and staking. The firm has an eight-year track record and today serves more than 4,000 private wealth teams, RIAs, family offices, and institutional investors, as well as 15 banks and broker-dealers. The Bitwise team of over 100 technology and investment professionals is backed by leading institutional investors and has offices in San Francisco, New York, and London.

About Helius

Helius is Solana’s most trusted validator, with over 13 million SOL staked, and is the exclusive staking provider of BSOL. With SOC II Type 2 certified infrastructure and performance-optimized validators, Helius is the partner of choice for institutional staking services. Launched in 2022, Helius is Solana's leading developer platform with low-latency data-streaming products, predictable transaction execution, reliable RPCs, and powerful APIs that meet Solana’s speed and scale. Helius powers thousands of businesses across the ecosystem, such as Jupiter, Phantom, and Coinbase, and is backed by leading venture capital firms, including Haun Ventures, Founders Fund, and Foundation Capital. For more information about Helius, visit www.helius.dev.

Notes

(1) Staking reward rate is based on the annualized 90-day average as of 10/22/25, with data from Helius. Rewards are subject to change and should not be considered an indication of the Fund’s performance. The tax treatment of rewards earned by the Trust may have potentially adverse consequences for shareholders. Please consult with your tax advisor.

(2) “Low-cost” based on the Fund’s expense ratio of 0.20%, which is lower than competing products as of Oct. 22, 2025. Additional expenses, such as brokerage and commission fees, may apply.

(3) Source: Solana Foundation as of October 22, 2025.

(4) Source: Solana Foundation as of October 21, 2025.

(5) Source: Blockworks Data as of September 30, 2025.

Risks and Important Information

This material must be accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a current prospectus visit bsoletf.com/welcome.

The Bitwise Solana Staking ETF (BSOL) is not suitable for all investors. An investment in BSOL is subject to a high degree of risk, has the potential for significant volatility, and could result in significant or complete loss of investment. BSOL is not an investment company registered under the Investment Company Act of 1940, as amended (the “1940 Act”) and therefore is not subject to the same protections as ETFs and mutual funds registered under the 1940 Act. An investment in BSOL is not the same as a direct investment in Solana (SOL).

Shares of ETPs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The NAV may not always correspond to the market price of SOL and, as a result, Creation Units may be created or redeemed at a value that is different from the market price of the Shares. Authorized Participants’ buying and selling activity associated with the creation and redemption of Creation Units may adversely affect an investment in the Shares.

The amount of SOL represented by a Share will continue to be reduced during the life of the Fund due to the transfer of the Fund’s SOL to pay for the Sponsor’s management fee, and to pay for litigation expenses or other extraordinary expenses. This dynamic will occur irrespective of whether the trading price of the Shares rises or falls in response to changes in the price of SOL.

There is no guarantee or assurance that the Fund’s methodology will result in the Fund achieving positive investment returns or outperforming other investment products.

Investors may choose to use the Fund as a means of investing indirectly in SOL. Because the value of the Shares is correlated with the value of the SOL held by the Fund, it is important to understand the investment attributes of, and the market for, SOL.

SOL Risk. There are significant risks and hazards inherent in the SOL market that may cause the price of SOL to fluctuate widely. The Fund’s SOL may be subject to loss, damage, theft or restriction on access. Investors considering a purchase of Shares should carefully consider how much of their total assets should be exposed to the SOL market, and should fully understand, be willing to assume, and have the financial resources necessary to withstand the risks involved in the Fund’s investment strategy.

Liquidity Risk. The market for SOL is still developing and may be subject to periods of illiquidity. During such times it may be difficult or impossible to buy or sell a position at the desired price. Possible illiquid markets may exacerbate losses or increase the variability between the Fund’s NAV and its market price. The lack of active trading markets for the Shares may result in losses on investors’ investments at the time of disposition of Shares.

Regulatory Risk. Future and current regulations by a U.S. or foreign government or quasi-governmental agency could have an adverse effect on an investment in the Fund.

Blockchain Technology Risk. Certain of the Fund’s investments may be subject to the risks associated with investing in blockchain technology. The risks associated with blockchain technology may not fully emerge until the technology is widely used. Blockchain systems could be vulnerable to fraud, particularly if a significant minority of participants colluded to defraud the rest. Because blockchain technology systems may operate across many national boundaries and regulatory jurisdictions, it is possible that blockchain technology may be subject to widespread and inconsistent regulation.

Staking Risk. The Trust intends to implement a staking program under which a significant portion of the Trust’s SOL will be staked. While staking Solana offers the potential to earn rewards in the form of additional Solana tokens, it also exposes the Trust to several risks, such as loss of rewards, slashing penalties, and operational uncertainties. Staking activities could impair the ability to satisfy redemption orders on a timely basis.

Nondiversification Risk. The Fund is nondiversified and will hold a single issue. As a result, a decline in the market value of a particular issue held by the Fund may affect the Fund’s value more than if it invested in a larger number of issuers.

Recency Risk. The Fund is recently organized, giving prospective investors a limited track record on which to base their investment decision. If the Fund is not profitable, the Fund may terminate and liquidate at a time that is disadvantageous to Shareholders.

Bitwise Investment Advisers, LLC serves as the sponsor of the Fund. Foreside Fund Services, LLC serves as the Marketing Agent for BSOL, and is not affiliated with Bitwise Investment Advisers, LLC, Bitwise, or any of its affiliates.

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