After US Rejection, Bitwise Launches Solana Staking ETP in European Market; Details
Leading digital asset manager Bitwise has taken a new step forward in its strategy with the launch of a Solana (BSOL) staking ETP (Exchange Traded Product) for the European market. This news comes shortly after the US Securities and Exchange Commission (SEC) rejected the orders of the company to launch a Solana ETF in the country.
Bitwise has found an alternative to offer European investors exposure to Solana, one of the most popular blockchains at the moment. Instead of a traditional ETF, the company has opted for a staking ETP. This means that investors who buy BSOL (the ETP’s ticker) will, in effect, be delegating their Solana tokens to Marinade Finance, a liquid staking platform, and receiving rewards for doing so.
In your release The company has officially announced that the Bitwise Solana Staking ETP (BSOL) has been officially listed on Xetra on December 18. The new listing is only available to European investors.
“This morning, the Bitwise Solana Staking ETP (Ticker: BSOL, ISIN: DE000A4A59D2) was officially listed on Xetra. BSOL is designed to deliver the best possible outcomes for investors looking to access Solana’s total return profile through staking: Competitive staking returns through an innovative staking mechanism; Low total cost of ownership, with TER of 0,85%; Benchmarked against a total return index, providing a clear and reliable measure of performance.”
Bitwise also highlighted that with its transparent fee structure and focus on performance, BSOL stands out in the market as the institutional-grade solution for earning rewards from Solana staking.
At the time of publication, Solana’s price was trading at $205,44, down 4.4% in the last 24 hours. The cryptocurrency has seen a 10.6% drop in the last seven days.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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