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Bitwise Asset Administration has launched the Bitwise Solana Staking ETP (BSOL) on Deutsche Börse Xetra, offering institutional and retail buyers with streamlined entry to Solana’s (SOL) staking rewards.
The brand new product is designed to ship superior returns and transparency, strengthening Bitwise’s place in Europe’s crypto funding market.
The BSOL ETP, which tracks the Compass Solana Whole Return Month-to-month Index, affords staked Solana (SOL) publicity with a complete expense ratio of 0.85% yearly.
The BSOL ETP is totally backed by staked SOL and supplies buyers with clear efficiency benchmarks. Using the Compass Solana Whole Return Month-to-month Index ensures a transparent analysis framework for monitoring returns. The product’s major itemizing on Xetra enhances liquidity and accessibility for European buyers.
Bitwise emphasised that the product’s progressive staking mechanism units it aside by optimizing rewards whereas minimizing prices. It’s accessible for buying and selling in each euros and US {dollars}.
Increasing staking options
The launch of BSOL is Bitwise’s third staking-focused ETP this yr, following the introduction of Ethereum and Aptos staking merchandise in February and November.
Bitwise CEO Hunter Horsley referred to as Solana a “rising star” within the blockchain area, citing its scalability, pace, and rising adoption.
He mentioned:
“With BSOL, we’re thrilled to offer buyers with a safe, clear method to entry Solana staking rewards. This launch displays our dedication to providing high-quality crypto options for a broad vary of buyers.”
Solana, a proof-of-stake blockchain recognized for processing as much as 65,000 transactions per second, has quickly emerged as a number one platform for sensible contracts and NFTs. Its native token, SOL, ranks among the many prime cryptocurrencies by market capitalization.
Development within the European market
The BSOL launch follows Bitwise’s August acquisition of ETC Group, a outstanding European crypto asset supervisor, and its continued enlargement within the area.
Bitwise has already established itself as a key participant with merchandise just like the Bitwise Core Bitcoin ETP and Ethereum Staking ETP. The agency lately surpassed $12 billion in whole property underneath administration, reflecting vital progress in 2024.
All of Bitwise’s European ETPs are authorized by Germany’s BaFin regulator and use chilly storage for added safety. Within the coming months, the corporate plans to finish a rebranding of its European portfolio whereas introducing extra institutional-grade crypto merchandise.
Bitwise continues to broaden its vary of crypto options to satisfy rising demand from institutional and retail shoppers, aiming to place itself on the forefront of crypto asset innovation.