Bitwise Asset Administration has launched the Bitwise Solana Staking ETP (BSOL) on Deutsche Börse Xetra, which offers institutional and retail buyers with environment friendly entry to Solana Staking (SOL) rewards.
The brand new product is designed to offer superior returns and transparency and strengthen Bitwise's place within the European crypto-investment market.
The BSOL ETP, which tracks the Compass Solana Month-to-month Complete Return Index, presents publicity to Solana (SOL) with a complete expense ratio of 0.85% per 12 months.
BSOL ETP is totally supported by SOL and offers buyers with clear efficiency benchmarks. Utilizing the Compass Solana Complete Return Month-to-month Index offers a transparent analysis framework for monitoring returns. The first itemizing of the product on Xetra will increase liquidity and accessibility for European buyers.
Bitwise emphasised that the product's modern staking mechanism units it aside by optimizing rewards whereas minimizing prices. It’s accessible for buying and selling in each Euros and US {Dollars}.
Enlargement of staking options
The launch of BSOL is Bitwise's third staking-focused ETP this 12 months, following the introduction of Ethereum and Aptos staking merchandise in February and November.
Bitwise CEO Hunter Horsley known as Solana a “rising star” within the blockchain house, citing its scalability, pace and rising adoption.
He mentioned:
“With BSOL, we’re excited to offer buyers with a protected and clear strategy to entry Solana staking rewards. This launch displays our dedication to providing high-quality crypto options to a variety of buyers.
Solana, a proof-of-stake blockchain identified for processing as much as 65,000 transactions per second, has shortly established itself because the main platform for good contracts and NFTs. Its native token, SOL, ranks among the many high cryptocurrencies by market capitalization.
Development within the European market
The launch of BSOL follows ETC Group's August acquisition of Bitwise, a number one European crypto-asset supervisor, and its continued growth within the area.
Bitwise has already established itself as a key participant with merchandise like Bitwise Core Bitcoin ETP and Ethereum Staking ETP. The corporate just lately surpassed $12 billion in whole belongings beneath administration, reflecting important development in 2024.
All of Bitwise's European ETPs are accepted by the German regulator BaFin and use chilly storage for added safety. Within the coming months, the corporate plans to finish the rebranding of its European portfolio, whereas introducing further crypto merchandise on the institutional stage.
Bitwise continues to broaden its line of crypto options to fulfill rising demand from institutional and retail shoppers, with the purpose of being on the forefront of crypto asset innovation.
