 
 
Crypto asset supervisor Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, whereas it awaits approval in america for its Solana exchange-traded fund (ETF) providing.
Bitwise’s new Solana Staking ETP with the inventory ticker BSOL will commerce in Germany on the Frankfurt Inventory Trade’s Xetra buying and selling venue in collaboration with Marinade, a self-custodial automation software. In keeping with the agency, the fund permits buyers to earn higher returns in comparison with different SOL merchandise, because it makes use of a staking mechanism.
Staking refers back to the means of locking up cash to assist maintain a crypto community working. Proof-of-stake networks like Solana reward customers who pledge their cash to the community by offering yield within the type of extra tokens.
Bitwise’s new ETP gives an annual proportion yield (APY) of 6.48% for stakers, surpassing its European rivals equivalent to 21Shares, which gives 5.49%.
The BSOL fund will give buyers a “low-cost, liquid, and clear funding automobile for staked SOL publicity,” Bitwise stated in a Wednesday assertion.
 
Crypto Trade Bullish On ETF Approvals In 2025
A number of famend asset managers in america, together with Canary Capital, Grayscale, 21Shares, and VanEck have already filed paperwork with the Securities and Trade Fee to introduce spot Solana ETFs. Such funding merchandise would give buyers entry to shares that immediately monitor the worth of the sixth-largest cryptocurrency. In November, Bitwise itself additionally took the first step towards a spot SOL ETF.
Nevertheless, staking continues to be a contentious matter within the US because the SEC has unleashed enforcement actions towards crypto exchanges for allegedly breaking federal securities legal guidelines with staking merchandise. The Wall Avenue regulator has additionally beforehand categorised SOL as an unregistered safety.
That being stated, with President-elect Donald Trump set to return to the Oval Workplace on a crypto-friendly platform and present SEC chairman Gary Gensler stepping down as of January 20, crypto group members are more and more optimistic that extra crypto spot ETFs could possibly be authorized in america. This is without doubt one of the catalysts that propelled SOL to a new historic high price in November after Trump’s election victory.
