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<p>Crypto index fund manager Bitwise has introduced a Solana staking exchange-traded product (ETP) in Europe under the ticker BSOL, as it awaits regulatory approval for its Solana exchange-traded fund (ETF) in the United States.</p>
<p>According to a Dec. 18 announcement, the Solana (SOL)-based staking ETP has been listed on the Frankfurt Stock Exchange’s Xetra trading venue in partnership with Marinade, a self-custodial automation tool.</p>
<p>At the time of publication, Bitwise had not responded to Cointelegraph’s request for additional details about the partnership.</p>
<p>The new ETP offers an annual percentage yield (APY) of 6.48% for stakers, surpassing European competitors like 21Shares, which provides an APY of 5.49%.</p>
<h3 class="wp-block-heading" id="competitive-fees-to-challenge-rivals">Competitive Fees to Challenge Rivals</h3>
<p>BSOL’s management fee is set at 0.85%, significantly undercutting 21Shares’ 2.5% fee.</p>
<p>In November, Bitwise registered a statutory trust in Delaware for its proposed spot Solana ETF, though it still awaits further regulatory filings with the U.S. Securities and Exchange Commission (SEC).</p>
<h3 class="wp-block-heading" id="bridging-gaps-in-solana-etps">Bridging Gaps in Solana ETPs</h3>
<p>Bitwise’s first Solana ETP in Europe, ESOL, debuted in August following its acquisition of ETC Group.</p>
<p>While ESOL lacked staking rewards, BSOL integrates this feature, addressing a key gap in the market.</p>
<p>The acquisition also added nine European-listed crypto ETPs to Bitwise’s portfolio, boosting its assets under management to over $4.5 billion.</p>
<p>Currently, ESOL holds $24 million in assets under management.</p>
<h3 class="wp-block-heading" id="bullish-outlook-on-crypto-etfs">Bullish Outlook on Crypto ETFs</h3>
<p>VanEck’s head of digital asset research, Matthew Sigel, predicts a high likelihood of U.S. approval for a spot Solana ETF by the end of 2025.</p>
<p>Bitwise executives Matt Hougan and Ryan Rasmussen recently forecast that Bitcoin could hit $200,000 or more by the end of 2025 and potentially surpass gold’s $18 trillion market cap by 2029.</p>
<p>They also expect at least five “crypto unicorns,” such as Circle and Kraken, to go public in 2025.</p>

Bitwise Launches Solana Staking ETP in Europe Amid US Approval Wait

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Bitwise Launches Solana Staking ETP in Europe with BSOL

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