- Bitwise introduced it listed the Solana staking ETP on the Xetra buying and selling venue.
- The ETP will commerce below the ticker BOSL on Deutsche Börse XETRA.
- Bitwise not too long ago utilized for a spot Solana ETF within the US.
Asset supervisor Bitwise has launched Solana staking exchange-traded merchandise within the European Union market, in accordance with a press launch on Dec. 18.
The Bitwise Solana staking ETP comes with rewards and comparatively low charges in comparison with different corporations within the European Union.
Solana ETP goes dwell on XETRA
Bitwise introduced the launch of the Solana staking ETP on December 18, 2024. Per 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 out providing its Solana exchange- traded fund (ETF).
Availability on Xetra permits European buyers the chance to achieve publicity to staked SOL, the corporate mentioned.
“Solana is among the rising star belongings within the area, and we’re thrilled to be launching BSOL, the third staking ETP we’re launching this 12 months, after the Ethereum and Aptos staking ETPs in February and November respectively,” Hunter Horsley, Bitwise co-founder and chief government officer, mentioned in a press release.
In Nov 2024, Bitwise registered a statutory belief for its proposed spot Solana (SOL) ETF with Delaware. The filling implies that Bitwise must file for U.S Securities and Change Fee (SEC) regulatory approvals.
Bitwise stays hopeful of profitable approval. Matthew Sigel, VanEck’s head of digital asset analysis has beforehand famous that the probabilities of the US approving a spot Solana ETF will probably be greater in 2025.
In August this 12 months, Bitwise acquired European crypto asset issuer ETC Group. BSOL is the second digital asset product the corporate has launched in Europe since. The launch thus noticed Bitwise’s listings throughout the area improve to 9, with its belongings below administration rising considerably because of this.
Bitwise’s ETP choices in Europe embody the bodily backed Bitcoin ETP that went dwell in 2020, and the Ethereum staking ETP that launched in early 2024.
