Bitwise Asset Management is working with Superstate on a framework that would let investors hold shares of certain Bitwise funds in tokenized form, extending blockchain-based ownership records to the ETF market without changing the underlying investment product. Investors would own the same fund shares with identical economic and shareholder rights, while choosing between traditional book-entry records through The Depository Trust Company and tokenized records maintained through Superstate's transfer agency infrastructure. Bitwise expects the Bitwise Solana Staking ETF, or BSOL, to be the first fund that could offer the option, though availability remains subject to legal and regulatory requirements. Superstate, as an SEC-registered transfer agent, would maintain the official shareholder register through its FundOS infrastructure while linking eligible positions to supported blockchain wallet addresses. The tokenized shares would represent the same fund shares rather than a separate crypto asset, but they would not be freely transferable outside Superstate's designated recordkeeping system. Bitwise manages about $9 billion in client assets across more than 70 investment products.