bullish

Solana

United

Crypto index fund manager Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe with the stock ticker BSOL while it awaits registration approval in the United States for its Solana exchange-traded fund (ETF) offering.&nbsp;
<a data-ct-non-breakable="null" href="https://www.globenewswire.com/news-release/2024/12/18/2998787/0/en/Bitwise-Launches-Best-In-Class-Solana-Staking-ETP-Expanding-Its-Suite-of-Crypto-Staking-Solutions.html" rel="nofollow noopener" target="_blank" text="null" title="https://www.globenewswire.com/news-release/2024/12/18/2998787/0/en/Bitwise-Launches-Best-In-Class-Solana-Staking-ETP-Expanding-Its-Suite-of-Crypto-Staking-Solutions.html">According</a> to a Dec. 18 news release, Bitwise has listed its Solana (<a data-ct-non-breakable="null" href="https://www.coingecko.com/en/coins/solana" rel="nofollow noopener" target="_blank" text="null" title="https://www.coingecko.com/en/coins/solana">SOL</a>)-based crypto-staking ETP on the Frankfurt Stock Exchange’s Xetra trading venue in partnership with a self-custodial automation tool, Marinade.
Bitwise had not responded to Cointelegraph’s request for more details about the partnership by the time of publication.
The new ETP offers an annual percentage yield (APY) of 6.48% for stakers, outpacing its European competitors like 21Shares, which offers 5.49%.
<h2 id="bitwise-introduces-low-fees-to-fight-existing-european-players">Bitwise introduces low fees to fight existing European players</h2>
BSOL’s management fee is set at a competitive 0.85%, significantly lower than 21Shares’ 2.5%.
In November, Bitwise also registered a statutory trust in Delaware for its proposed spot Solana ETF, which requires further regulatory filings with the US Securities and Exchange Commission.
<figure>
 <img alt="Bitwise launches Solana staking ETP in Europe amid US approval delays" src="https://s3.cointelegraph.com/uploads/2024-12/0193d8cc-3d49-7052-8acf-b7337b1774c1" title="">
 <figcaption style="text-align: center;">
 Bitwise’s Solana ETF registration in the US. Source: State of Delaware Division of Corporations
 </figcaption>
</figure>
While Bitwise continues to await that approval, VanEck’s head of digital asset research, Matthew Sigel, said the odds of a <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/odds-favor-solana-etf-2025-van-eck" rel="null" target="null" text="null" title="null">US-approved spot Solana ETF will be “overwhelmingly high”</a> by the end of 2025.
Bitwise’s first Solana ETP in Europe, ESOL, debuted in August as a result of the ETC Group acquisition. BSOL aims to fill a major gap with ESOL’s lack of support for staking rewards by having the feature baked in.
<h2 id="bitwise-bullish-on-etf-approvals-in-2025">Bitwise bullish on ETF approvals in 2025</h2>
The acquisition added nine European-listed crypto ETPs to Bitwise’s portfolio and increased its assets under management to over $4.5 billion. The ESOL product currently holds $24 million in assets under management.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitwise-files-for-10-crypto-index-etf" rel="null" target="null" text="null" title="null">Bitwise files for 10 Crypto Index Fund ETF with the SEC</a>
Bitwise investment chief Matt Hougan and research head Ryan Rasmussen recently predicted that at least <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitwise-predicts-five-crypto-unicorns-will-launch-ipo-in-2025" rel="null" target="null" text="null" title="null">five “crypto unicorns” will go public in 2025</a>, including stablecoin issuer Circle and crypto exchange Kraken.
<figure>
 <img alt="Bitwise launches Solana staking ETP in Europe amid US approval delays" src="https://s3.cointelegraph.com/uploads/2024-12/0193d8cc-a5c6-7e1a-a89f-40d8add1574c" title="">
 <figcaption style="text-align: center;">
 Five strongest candidates for IPO listings in 2025. Source: Bitwise
 </figcaption>
</figure>
Additionally, the Bitwise duo forecast that Bitcoin will hit $200,000 or more by the end of 2025 and said it could surpass gold’s current $18 trillion market cap by 2029.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/13-christmas-gifts-bitcoin-crypto-degens-will-love/" rel="null" target="null" text="null" title="null">13 Christmas gifts that Bitcoin and crypto degens will love</a>

Bitwise launches Solana staking ETP in Europe amid US approval delays

Table of Contents

Cointelegraph

Other articles published on Dec 18, 2024

Cardano price momentum vs. PropiChain’s projected 30,000% ROI

First look at Exodus gameplay: A blend of Sci-Fi adventure and BioWare’s legacy

Market Analysis Indicates Bitcoin’s Current Position and Predictions for LINK Coin

New Cryptocurrency Releases, Listings, & Presales Today – Aetherius Infinite Chain, ServeFi AI, O...

“Hawk Tuah” Girl’s $HAWK Memecoin Faces Backlash After Allegations of Insider Trading and Sniping

Ripple Dollar (RLUSD) Launches with Full Transparency and Regulatory Backing

Join our free newsletter for daily crypto updates!