Bitwise Asset Management has introduced the Bitwise Solana Staking ETP (BSOL) on Deutsche Börse Xetra, providing institutional and retail investors with streamlined access to Solana’s (SOL) staking rewards.
The new product is designed to deliver superior returns and transparency, strengthening Bitwise’s position in Europe’s crypto investment market.
The BSOL ETP tracks Compass Solana Monthly Total Return Index and offers staked Solana exposure at a cost ratio of 0.85% per year.
The BSOL ETP provides transparent benchmarks for performance and is fully backed with staked SOL. Compass’ Solana Total Monthly Return Index provides an easy-to-understand framework for evaluating returns. The product’s primary listing on Xetra enhances liquidity and accessibility for European investors.
Bitwise emphasized that the product’s innovative staking mechanism sets it apart by optimizing rewards while minimizing costs. Both Euros and US Dollars are available to trade.
Expanding stake solutions
The launch of BSOL is Bitwise’s third staking-focused ETP this year, following the introduction of Ethereum and Aptos staking products in February and November.
Hunter Horsley, CEO of Bitwise called Solana “rising star”In the Blockchain space, they cite its speed, scalability and increasing adoption.
He said:
“With BSOL, we’re thrilled to provide investors with a secure, transparent way to access Solana staking rewards. This launch reflects our commitment to offering high-quality crypto solutions for a broad range of investors.”
Solana has emerged quickly as the leading platform for Smart Contracts and Non-Financial Transactions. SOL is its native token and it ranks as one of the most valuable cryptocurrencies in terms of market capitalization.
The European Market is Growing
The BSOL launch follows Bitwise’s August acquisition of ETC Group, a prominent European crypto asset manager, and its continued expansion in the region.
Bitwise, with their products such as the Bitwise Core Bitcoin Staking ETP and Ethereum Staking Staking ETP, has established themselves as an important player. In recent months, Bitwise has managed to surpass $12 billion of assets. The company is expected to grow significantly in the years ahead.
All of Bitwise’s European ETPs are approved by Germany’s BaFin regulator and use cold storage for added security. In the next few months, Bitwise plans to rebrand and launch additional institutional grade crypto products.
Bitwise has continued to increase its portfolio of crypto assets to keep up with the demand of both institutional and retail clients. It aims to remain at the cutting edge of innovation in this field.
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