Bitwise Asset Administration introduces Bitwise Solana Saking ETP (BSOL) on Deutsche Börse Xetra, offering institutional and retail buyers streamlined entry to Solana (SOL) staking rewards.

This new product is designed to supply superior returns and transparency, and strengthens Bitwise's place within the European crypto funding market.

BSOL ETP, which tracks the Compass Solana Whole Return Month-to-month Index, presents staked Solana (SOL) publicity at a complete expense ratio of 0.85% per yr.

BSOL ETP is totally backed by staked SOL, offering buyers with a clear efficiency benchmark. Compass Solana Whole Return Month-to-month Index ensures a transparent valuation framework for monitoring your returns. The product's main itemizing on Xetra will enhance liquidity and accessibility for European buyers.

Bitwise highlighted that the product's progressive staking mechanism units it aside by optimizing rewards whereas minimizing prices. You’ll be able to commerce in each euros and US {dollars}.

Increasing staking options

The launch of BSOL marks 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 known as Solana a “rising star” within the blockchain area, citing its scalability, velocity, and rising adoption.

he stated:

“With BSOL, we’re excited to supply buyers a safe and clear technique to entry Solana staking rewards. This launch continues our dedication to offering high-quality crypto options to a broad vary of buyers. It displays our efforts.”

Solana is a proof-of-stake blockchain recognized for processing as much as 65,000 transactions per second and is shortly rising as a number one platform for good contracts and NFTs. Its native token, SOL, ranks among the many prime cryptocurrencies by market capitalization.

Development within the European market

The launch of BSOL follows Bitwise's acquisition of ETC Group, a outstanding European crypto asset administration firm, in August and continued growth within the area.

Bitwise has already established itself as a serious participant with merchandise reminiscent of Bitwise Core Bitcoin ETP and Ethereum Staking ETP. The agency's complete belongings below administration not too long ago exceeded $12 billion, reflecting vital development in 2024.

All of Bitwise's European ETPs are permitted by Germany's BaFin regulator and use chilly storage for added safety. Within the coming months, the corporate plans to finish the rebranding of its European portfolio in addition to introduce further institutional-grade crypto merchandise.

Bitwise goals to be on the forefront of crypto asset innovation and continues to increase its vary of crypto options to fulfill the rising demand from institutional buyers and retail clients.

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