Bitwise Sells $46 Million in Bitcoin and Ethereum, Buys Solana

Global digital asset manager Bitwise has adjusted its portfolio by selling Bitcoin and Ethereum while buying Solana, according to on-chain data analysis. The move reflects a strategic rebalancing rather than a simple reduction of risk assets, as the firm sold specific amounts of different cryptocurrencies rather than liquidating all major holdings at once.

OnchainLens data from October 16 (local time) shows Bitwise ETF recently sold 162.78 Bitcoin (approximately $12.3 million) and 14,300 Ethereum (about $34.2 million).