Overview
- Bitwise co‑founder Hunter Horsley disclosed on Aug. 11, 2026 that a major unnamed bank will let customers borrow up to 25% of their Bitwise Solana Staking ETF (BSOL) holdings as collateral.
- The bank’s approval is a lender‑level policy and the identity of the lender plus key loan terms such as interest rate, minimums, eligible account types, and repayment rules were not disclosed.
- BSOL is a U.S.‑listed Solana spot ETP that stakes nearly all its SOL through Bitwise Onchain Solutions and reinvests rewards; the fund held about 8.18 million SOL valued near $622 million as of Aug. 9, 2026.
- A 25% loan‑to‑value is conservative compared with typical margin lending on equities and leaves borrowers exposed to SOL price drops, lender margin calls, and potential forced sales of pledged shares.
- The move could expand ways for investors to access liquidity without selling and signal more bank acceptance of listed crypto collateral, but it does not represent SEC approval and investors should watch for the lender’s full terms and eligibility rules.