A major bank has approved the Bitwise Solana Staking ETF, BSOL, as collateral for client loans at a maximum 25% loan-to-value ratio, allowing borrowers to access up to $25 for every $100 of pledged shares. Bitwise co-founder and CEO Hunter Horsley disclosed the move in an Aug. 11 X post but did not identify the lender or provide terms such as interest rate, eligibility, minimum loan size or repayment period. The arrangement adds a securities-backed lending use case to a U.S.-listed crypto fund that held 8,184,971.62 SOL worth $622.02 million as of Aug. 9, with 99% of assets staked and a 5.84% net annualized staking reward rate over the prior 90 days. BSOL launched on NYSE Arca in October 2025 and reported $267.1 million in net subscriptions in the first half of 2026, though weaker SOL prices pushed its net asset value sharply lower over the same period.