• Bitwise introduced that it has listed Solana Staking ETP on the Xetra buying and selling venue.
• The ETP is traded on the German alternate XETRA beneath the ticker BOSL.
• Bitwise just lately filed for a spot Solana ETF within the US.

In accordance with a December 18 press launch, asset administration firm Bitwise has launched the Solana staking exchange-traded product on the European Union market.

The Bitwise Solana Staking ETP has perks and comparatively low charges in comparison with different corporations within the European Union.

Solana ETP goes stay on XETRA

Bitwise introduced the launch of Solana staking ETP on December 18, 2024. In accordance with the announcement, the product can be traded on the German alternate XETRA beneath the ticker BOSL. This comes because the crypto index fund supervisor awaits regulatory approval to start providing the Solana Change Traded Fund (ETF).

The corporate stated its availability on Xetra will give European buyers the chance to realize publicity to staked SOL.

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

In November 2024, Bitwise registered a statutory belief for the proposed Spot Solana (SOL) ETF in Delaware. Filling this gap means Bitwise might want to apply for regulatory approval from the U.S. Securities and Change Fee (SEC).

Bitwise continues to sit up for profitable approvals. Matthew Siegel, head of digital asset analysis at VanEck, beforehand stated the U.S. can be extra more likely to approve the Spot Solana ETF in 2025.

In August of this yr, Bitwise acquired European crypto asset issuer ETC Group. BSOL is the second digital asset product the corporate has since launched in Europe. Thus, with this launch, Bitwise's regionally-wide listed shares elevated to 9 corporations, leading to a major improve in property beneath administration.

The ETPs Bitwise provides in Europe embody a bodily backed Bitcoin ETP that went stay in 2020 and an Ethereum staking ETP that launched in early 2024.