Bitwise Partners With Superstate to Tokenize Selected Fund Shares via Solana Staking ETF

Bitwise Asset Management said it has partnered with Superstate to develop a blockchain system that would allow investors to hold tokenized shares of certain Bitwise crypto funds, with the company’s Solana staking ETF expected to be the first product considered for the structure. Bitwise’s proposal centers on registering Solana ETF shares on-chain while keeping the underlying ETF product unchanged, according to reporting that describes how the initiative could work ^{[1] [2]}.

Under the reported approach, Superstate would maintain on-chain ownership records, while investors could still hold traditional shares through existing market infrastructure tied to the Depository Trust Company (DTC), rather than fully replacing current share handling. Additional coverage similarly characterizes the effort as aimed at enabling tokenized fund-share ownership for Bitwise investors via the Superstate partnership ^{[3] [4]}.

Bitwise and Superstate are working on a framework to tokenize select Bitwise fund shares, starting with the Solana staking ETF, while preserving elements of existing share recordkeeping and custody through DTC-linked processes ^{[1] [3]}.