- Bitwise introduced that it has listed the Solana staking ETP on the Xetra buying and selling platform.
- The ETP will commerce below the image BOSL on Deutsche Börse XETRA.
- Bitwise lately utilized for a Solana spot ETF in america.
Asset supervisor Bitwise has launched Solana staking exchange-traded merchandise within the European Union market, in line with a Dec. 18 press launch.
The Bitwise Solana staking ETP comes with comparatively low rewards and charges in comparison with different corporations within the European Union.
Solana ETP goes stay on XETRA
Bitwise introduced the launch of the Solana staking ETP on December 18, 2024. In line with the announcement, the product will commerce below 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 realize publicity to staked SOL, the corporate stated.
“Solana is among the rising star property within the area, and we’re excited to launch BSOL, the third staking ETP we’re launching this 12 months, following the Ethereum and Aptos staking ETPs in February and November respectively,” Hunter Horsley, Bitwise co-founder and CEO stated in a press release.
In November 2024, Bitwise registered a statutory belief for its proposed Solana Spot ETF (SOL) with Delaware. The filling implies that Bitwise should file for regulatory approval from america Securities and Alternate Fee (SEC).
Bitwise stays hopeful of a profitable approval. Matthew Sigel, head of digital property analysis at VanEck, beforehand famous that the possibilities of the U.S. approving a Solana spot ETF will probably be larger in 2025.
In August this 12 months, Bitwise acquired European crypto asset issuer ETC Group. BSOL has since grow to be the second digital asset product that the corporate has launched in Europe. The launch noticed Bitwise's listings within the area improve to 9, resulting in important development in its property below administration.
Bitwise's ETP choices in Europe embrace the bodily backed Bitcoin ETP which went stay in 2020 and the Ethereum staking ETP launched in early 2024.
