Solana

United

Bitcoin

<ul class="wp-block-list">
  
 <li>Bitwise's BSOL ETP offers 6.48% APY and 0.85% fees, outperforming European competitors like 21Shares.</li>   
 <li>Bitwise anticipates US Solana ETF approval by 2025, following Delaware registration for its spot Solana ETF.</li>   
 <li>BSOL integrates staking rewards, filling gaps in European markets and expanding Bitwise's $4.5B portfolio.</li> 
</ul>   
<p>Bitwise, a leading crypto index fund manager, has<a href="https://x.com/Altcoin_Alerts/status/1869354201291382953" target="_blank" rel="noreferrer noopener"> launched</a> its Solana staking exchange-traded product (ETP) in Europe. The product, listed under the ticker BSOL, is available on the Frankfurt Stock Exchange’s Xetra trading platform. Bitwise collaborated with Marinade, a self-custodial automation tool, to enable the staking functionality.&nbsp;&nbsp;</p>   
<p>The BSOL ETP provides an annual percentage yield (APY) of 6.48%, which is higher than its European competitor 21Shares’ 5.49%. Bitwise set the management fee for BSOL at 0.85%, significantly undercutting 21Shares’ 2.5% fee. These features position Bitwise as a strong competitor in the European market.&nbsp;&nbsp;</p>   
<h2 class="wp-block-heading" id="h-efforts-toward-us-etf-approval"><strong>Efforts Toward US ETF Approval</strong></h2>   
<p>In November, Bitwise registered a statutory trust in Delaware to pursue its proposed spot Solana ETF. The company must complete further <a href="https://cryptonewsland.com/bitwise-submits-proposal-for-multi-cryptocurrency-etf-to-sec/" target="_blank" rel="noreferrer noopener">regulatory filings </a>with the US Securities and Exchange Commission. Bitwise continues to await regulatory approval for this offering. Industry experts, such as Matthew Sigel of VanEck, predict a high likelihood of US approval for Solana ETFs by the end of 2025. Bitwise remains optimistic about introducing this product in the United States.&nbsp;&nbsp;</p>   
<p>Furthermore, Bitwise strengthened its European presence through the acquisition of ETC Group in August. This acquisition added nine European-listed crypto ETPs to its portfolio and increased its assets under management to over $4.5 billion. The ESOL product, introduced in August, currently holds $24 million in assets under management. Unlike BSOL, ESOL does not support staking rewards.&nbsp;&nbsp;</p>   
<h2 class="wp-block-heading" id="h-market-predictions-and-growth-nbsp-nbsp"><strong>Market Predictions and Growth&nbsp;&nbsp;</strong></h2>   
<p>Bitwise executives Matt Hougan and Ryan Rasmussen recently outlined their projections for the cryptocurrency market. Currently they anticipate five crypto unicorns. These include Circle, focused on stablecoins, or<a href="https://cryptonewsland.com/kraken-expands-portfolio-with-19-new-tokens-including-bnb/" target="_blank" rel="noreferrer noopener"> Kraken</a>, an established crypto exchange, to IPO by 2025. They also believe that the price of Bitcoin will increase to $200, 000 by December 2025. Furthermore, they predict that the Bitcoin market capitalization could take over gold at $18 trillion by 2029.&nbsp;&nbsp;</p>   
<p>The BSOL ETP addresses a gap in the market by integrating staking rewards, unlike ESOL. This feature highlights Bitwise’s efforts to diversify its offerings and meet investor demand for yield-generating crypto products. The acquisition of BSOL places Bitwise at par to effectively compete in Europe with the foundation of future expansion to the United States.</p> 
<p>The post <a href="https://cryptonewsland.com/bitwise-launches-solana-staking-etp-in-europe-offering-6-48-apy-and-lower-fees/">Bitwise Launches Solana Staking ETP in Europe, Offering 6.48% APY and Lower Fees</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitwise Launches Solana Staking ETP in Europe, Offering 6.48% APY and Lower Fees

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