Bitwise Launches Solana Staking ETP in Europe

Bitwise launches Solana Staking ETP (BSOL) in Europe, offering institutional-grade exposure to Solana’s ecosystem, listed on Xetra.

In a significant development, Bitwise has launched a new Solana Staking Exchange-Traded Product (ETP) in Europe. The product, called BSOL, is listed on Xetra, Deutsche Börse’s trading platform. This ETP provides institutional-grade exposure to Solana’s native cryptocurrency, SOL. It comes as Bitwise now awaits the green light to have its Solana Exchange-Traded Fund (ETF) listed in the United States.

According to the statement, users are provided with a chance to get involved into Solana’s growing ecosystem through BSOL. It has a staking mechanism which is expected to give better returns than other Solana staking solutions. This further strengthens the company’s dominance in the growing market of the crypto assets. Launched in 2020, Solana is one of the primary proof-of-stake (PoS) blockchains now. Because of the efficiency and expansibility, it became popular rapidly. For retail consumer and applications requiring high speed, Solana is capable of handling about 65,000 TPS.

What helps Solana stand out is that it only uses a single layer, known as the monolithic layer. This makes it possible for the chain to process transactions more effectively than many other blockchains. Furthermore, Solana’s clear economics, developers, and stability are opening the course for mass adoption. According to analysts, the economy expects it will be the “retail chain” in the future by 2025.

Bitwise Solana Staking ETP BSOL Now Available on Deutsche Börse XETRA

The Bitwise Solana Staking ETP is fully backed and is issued in Germany only. It is developed to maximize the staking returns while minimizing the overall cost of ownership. It is the only Solana Staking ETP which is used to measure against the Compass Solana Total Return Monthly Index. This index provides a clear view to the investors about the performance of the product. It is accessible to the European investors on Deutsche Börse XETRA.

BSOL is the third staking ETP to enter the market that Bitwise has issued this year. Previous products are Ethereum and Aptos staking ETPs. As said by the chief executive of Bitwise, Hunter Horsley, Solana is one of the emergent stars in the space and he was thrilled to go live with BSOL.

Furthermore, staking can be used to verify transactions and earn additional tokens at the same time. Through this process the network is secured. But rewards are distributed only to the delegators of the tokens to the validators who are responsible for staking them. Client assets under management at Bitwise crossed $12 billion in 2024. BSOL launch comes after Bitwise acquired the ETC Group in August moving to expand its foothold in Europe. In the future, Bitwise aims to increase the size by introducing other institutional-quality crypto offerings like BSOL.