Bitwise Asset Management has launched a Solana staking Exchange-Traded Product (ETP) in Europe, marking a significant move for the firm amid delays in its US Solana ETF applications.
The new ETP, trading under the ticker BSOL, offers investors exposure to Solana (SOL) while also providing staking rewards, a feature currently unavailable in US Solana ETF proposals. Bitwise has partnered with Marinade Finance as its staking provider, aiming to capitalize on Solana’s higher staking rewards compared to other major cryptocurrencies like Ethereum. Marinade, according to a Blockworks report.
This launch comes as Bitwise continues to pursue regulatory approval for its US Solana ETF. While US regulators have yet to approve staking features for crypto ETFs, Bitwise’s European BSOL ETP demonstrates a proactive approach to offering investors access to Solana’s staking rewards in a regulated environment.
The BSOL ETP is listed on the SIX Swiss Exchange and is expected to attract investors seeking exposure to Solana and its staking rewards within a regulated framework.
