- Bitwise introduced it indexed the Solana staking ETP at the Xetra buying and selling venue.
- The ETP will business beneath the ticker BOSL on Deutsche Börse XETRA.
- Bitwise lately implemented for a place Solana ETF in the United States.
Asset supervisor Bitwise has introduced Solana staking exchange-traded merchandise within the Eu Union marketplace, in keeping with a press liberate on Dec. 18.
The Bitwise Solana staking ETP comes with rewards and moderately low charges in comparison to different corporations within the Eu Union.
Solana ETP is going survive XETRA
Bitwise introduced the release of the Solana staking ETP on December 18, 2024. In step with the announcement, the product will business beneath the ticker BOSL on Deutsche Börse XETRA. This comes because the crypto index fund supervisor awaits regulatory approval to begin providing its Solana exchange- traded fund (ETF).
Availability on Xetra permits Eu traders the chance to achieve publicity to staked SOL, the corporate stated.
“Solana is likely one of the emerging superstar belongings within the house, and we’re overjoyed to be launching BSOL, the 3rd staking ETP we’re launching this yr, after the Ethereum and Aptos staking ETPs in February and November respectively,” Hunter Horsley, Bitwise co-founder and leader govt officer, stated in a observation.
In Nov 2024, Bitwise registered a statutory consider for its proposed spot Solana (SOL) ETF with Delaware. The filling signifies that Bitwise must report for U.S Securities and Trade Fee (SEC) regulatory approvals.
Bitwise stays hopeful of a hit approval. Matthew Sigel, VanEck’s head of virtual asset analysis has prior to now famous that the possibilities of the United States approving a place Solana ETF shall be upper in 2025.
In August this yr, Bitwise bought Eu crypto asset issuer ETC Team. BSOL is the second one virtual asset product the corporate has offered in Europe since. The release thus noticed Bitwise’s listings around the area build up to 9, with its belongings beneath control rising considerably in consequence.
Bitwise’s ETP choices in Europe come with the bodily sponsored Bitcoin ETP that went reside in 2020, and the Ethereum staking ETP that introduced in early 2024.