Bitwise introduces Solana (SOL), which has staked its ETP on the EU market

• Bitwise has introduced that it has listed an ETP with a Solana stake on the Xetra buying and selling venue.
• The ETP will commerce beneath the ticker BOSL on Deutsche Börse XETRA.
• Bitwise not too long ago requested a Solana ETF spot within the US.

Asset supervisor Bitwise mentioned Solana is staking exchange-traded merchandise within the European Union market, in line with a Dec. 18 press launch.

Bitwise Solana staking ETP comes with rewards and comparatively low charges in comparison with different companies within the European Union.

Solana ETP broadcasts stay on XETRA

Bitwise introduced the launch of the Solana Stakeholder ETP on December 18, 2024. In line with the announcement, the product will commerce beneath the ticker BOSL on Deutsche Börse XETRA. This comes because the crypto index fund supervisor awaits regulatory approval to start providing its Solana exchange-traded fund (ETF).

Availability on Xetra permits European buyers to achieve publicity to SOL, the corporate mentioned.

“Solana is among the rising star property within the house and we’re excited to launch BSOL, the third staking ETP we’re launching this yr, following Ethereum and Aptos staking ETPs in February and November,” Hunter Horsley, Co-Founder and CEO of Bitwise, mentioned in a press release .

In November 2024, Bitwise registered a statutory belief for its proposed spot Solana (SOL) ETF with Delaware. The submitting implies that Bitwise should file for regulatory approval with the US Securities and Trade Fee (SEC).

Bitwise stays hopeful of a profitable approval. Matthew Sigel, head of digital asset analysis at VanEck, beforehand famous that the possibilities of the US approving the spot Solana ETF can be larger in 2025.

In August of this yr, Bitwise purchased the European issuer of cryptoassets ETC Group. BSOL is the second digital asset product the corporate has launched in Europe since then. The launch noticed Bitwise's listings throughout the area rise to 9, with its property beneath administration rising considerably in consequence.

Bitwise's ETP choices in Europe embody a bodily backed Bitcoin ETP that launched in 2020 and an Ethereum staking ETP that launched in early 2024.