Solana

Bitwise has launched a <a href="https://optimisus.com/press-releases/getblock-launches-solana-pro-rpc-for-maximum-dapps-performance/" rel="noopener noreferrer nofollow">Solana</a> staking ETP called BSOL in the European Union, as the firm adjusts to regulatory challenges in the United States.BSOL is being introduced while efforts to create a Solana ETF in the US have stalled, as securities laws prevent these products from providing staking rewards. BSOL seeks to draw European investors with annual staking rewards of up to 8%, making it an attractive option compared to US-based ETFs.Bitwise&#39;s acquisition of a European ETP issuer in August has made it easier to enter the European market, which has better regulations for staking products. In Europe, there are new Solana staking ETPs, like those from VanEck, but US investors can&#39;t access them because of strict regulations.The BSOL ETP shows how <a href="https://optimisus.com/market/market-news/bitwise-seeks-sec-approval-for-a-groundbreaking-10-crypto-index-etf/" rel="noopener noreferrer nofollow">Bitwise</a> aims to be different in a crowded market. It stands out from US ETFs by providing staking rewards, which are not allowed under current regulations for those funds. Some experts think that a change in the SEC&#39;s leadership might change the rules, which could let US ETFs include staking rewards later on.Even with recent market drops, Solana has stayed strong compared to other cryptocurrencies, keeping investors interested. Although BSOL&#39;s launch hasn&#39;t greatly affected Solana&#39;s price, it shows Bitwise&#39;s flexibility and the growing interest in staking products in areas with friendlier regulations.Bitwise&#39;s emphasis on Europe brings up concerns about its future plans, especially if US regulations stay strict. If the SEC becomes more supportive of crypto, Bitwise might be interested in starting a Solana ETF in the U.S. again.

Bitwise targets Europe with its new Solana staking ETP

Optimisus

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