Bitwise Solana ETF approved for loans at 25% LTV

Bitwise’s Solana staking ETF has received approval from a major bank for customers to borrow up to 25% of their shares’ value, adding a lending function to the U.S.-listed crypto fund. Summary A major bank has approved BSOL as loan collateral with a maximum 25% LTV. Borrowers may receive up to $25 for every $100 in pledged BSOL shares. BSOL held 8.18 million SOL worth $622 million as of Aug. 9. Bitwise reported a 5.84% net staking reward rate, with 99% of assets staked. Bitwise co-founder and CEO Hunter Horsley disclosed the approval in an Aug. 11 X post, saying the unnamed bank would let its customers borrow against shares of the Bitwise Solana Staking ETF under a maximum 25% loan-to-value ratio. A large bank just enabled clients borrowing up to 25% LTV on the Bitwise Solana Staking ETF $BSOLAwesome to see the continued integration of crypto into the mainstream.— Hunter Horsley (@HHorsley) August 11, 2026 Horsley welcomed the bank’s decision as another step in crypto’s integration with established financial services. His post did not identify the lender or state when the borrowing facility became available. The disclosure also omitted the interest rate, minimum loan size, repaymen...