Is BSOL or PHYS more undervalued in 2026?

CirclFi compares Bitwise Solana Staking ETF (BSOL) and "Sprott Physical Gold Trust" (PHYS) using 13 institutional-grade valuation models. BSOL has a Quality of Company score of 2.5/10 while PHYS scores 6.2/10.

Which is a better buy — BSOL or PHYS?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do BSOL and PHYS valuations compare?

BSOL at $11.09 and PHYS at $34.01 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BSOL vs PHYS Valuation Comparison 2026 — Intrinsic Value Analysis

BSOL

Commodity Contracts Brokers & Dealers

Bitwise Solana Staking ETF

Quality

2.5

out of 10

Value Trap

—

Price

$11.09

Last close

Models

2/13

Active

PHYS

Commodity Contracts Brokers & Dealers

"Sprott Physical Gold Trust"

Quality

6.2

out of 10

Value Trap

LOW

Price

$34.01

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	BSOL Fair Value	BSOL Upside	PHYS Fair Value	PHYS Upside
Bayesian DCF	Intrinsic	—	—	$80.30	+136.1%
Earnings Power Value	Intrinsic	—	—	$158.92	+367.3%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$5.48	-50.6%	$16.78	-50.7%
PWERM	Option-Based	$10.60	-4.4%	$32.03	-5.8%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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BSOL vs PHYS — Which Stock Is More Undervalued?

PHYS scores higher with a 6.2/10 quality rating vs BSOL's 2.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Bitwise Solana Staking ETF (BSOL) and "Sprott Physical Gold Trust" (PHYS) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

BSOL currently trades at $11.09 with a QOC of 2.5/10, while PHYS trades at $34.01 with a QOC of 6.2/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).