- Designed for traders, optimized for efficiency: The Bitwise Solana Staking ETP (BSOL) was designed to ship the absolute best outcomes for traders seeking to earn rewards from SOL staking due to progressive staking mechanism.
- Bitwise continues crypto build-up: Third Staking ETP this yr – Following Ethereum and Aptos, Bitwise additional strengthens its place within the crypto asset house with one other institutional-grade staking ETP launch.
- Solana – A blockchain powerhouse: Solana is redefining velocity and scalability within the blockchain house, rivalling Ethereum because the go-to platform for sensible contracts and NFTs.
December 18, 2024. Frankfurt: Bitwise right now introduced the itemizing of its new Bitwise Solana Staking ETP (Ticker: BSOL, ISIN: DE000A4A59D2) on Xetra, offering institutional-grade whole return publicity to Solana’s native cryptocurrency, SOL. With an progressive staking mechanism engineered to ship considerably increased rewards in comparison with different Solana staking ETPs, BSOL reaffirms Bitwise’s place as a frontrunner within the fast-growing crypto asset market.
Solana, a cutting-edge proof-of-stake blockchain launched in 2020, has quickly turn out to be a frontrunner within the house. Its native token SOL ranks among the many prime cryptocurrencies globally due to Solana’s unmatched velocity and scalability. Using a monolithic, single-layer structure allows Solana to course of as much as 65,000 transactions per second, making it the go-to platform for retail customers and high-throughput functions. Solana’s strong economics, thriving developer ecosystem, and confirmed stability place it for widespread adoption because the “retail chain” by 2025.
Efficiency and Transparency Redefined
BSOL is a totally backed ETP issued in Germany, designed to ship the very best staking returns, the bottom whole price of possession, and superior efficiency in comparison with different Solana staking merchandise at the moment available on the market. As the one Solana Staking ETP benchmarked towards a staking index – the Compass Solana Whole Return Month-to-month Index (Bloomberg: SOLTRM, Reuters: .SLTRM) – it supplies traders with a transparent and clear framework for efficiency analysis. With its main itemizing on Deutsche Börse XETRA, European traders can entry a low-cost, liquid, and clear funding automobile for staked SOL publicity.
“At Bitwise, we proceed increasing our product suite to supply traders with entry to the alternatives in crypto via prime quality automobiles they’ll belief. Solana is without doubt one of the rising star belongings within the house, and we’re thrilled to be launching BSOL, the third staking ETP we’re launching this yr, after the Ethereum and Aptos staking ETPs in February and November respectively,” stated Hunter Horsley, CEO and Co-Founder at Bitwise.
When token holders stake their tokens to validate transactions on a Proof of Stake (PoS) blockchain community similar to Solana, they contribute to the safety of the blockchain and obtain extra tokens as rewards. Staking is just like incomes dividends, although solely these individuals who actively delegate their SOL to validators are eligible to earn rewards. For extra, see Bitwise’s digital assets staking guide.
Bitwise has skilled important development in 2024, not too long ago surpassing $12 billion in whole shopper belongings. The launch of BSOL marks the second product launched in Europe following Bitwise’s acquisition of main crypto asset supervisor ETC Group in August. Bitwise’s European choices embody Europe’s most liquid physically backed Bitcoin ETP (Ticker: BTCE, ISIN: DE000A27Z304) launched in 2020, the bottom price Bitcoin ETP available on the market (0.20% p.a.) often called the Bitwise Core Bitcoin ETP (Ticker: BTC1, ISIN: DE000A4AER62) and the quickly rising Bitwise Ethereum Staking ETP (Ticker: ET32, ISIN: DE000A3G90G9), which debuted earlier this yr.
The corporate is now centered on finishing the rebranding of its European crypto ETP portfolio within the coming months whereas increasing its European platform with progressive, institutional-grade crypto ETPs, together with BSOL.
Key Product Particulars
| ETP Title | Bitwise Solana Staking ETP |
| Main Ticker | BSOL |
| ISIN | DE000A4A59DZ |
| WKN | A4A59D |
| TER | 0.85% p.a. |
| Asset Class | Digital Property |
| Technique | Staked SOL Whole Return |
| Underlying publicity | Staked Solana (SOL) |
| Benchmark | Compass Solana Whole Return Month-to-month Index |
| Replication methodology | Bodily (Full replication) |
| Domicile | Germany |
| Main itemizing | Deutsche Börse XETRA |
| Main itemizing buying and selling currencies | EUR, USD |
| Issuer | Bitwise Europe GmbH |
Extra details about the product is supplied on the respective product page.
The complete Bitwise product checklist together with all trade listings and buying and selling data is accessible at https://etc-group.com/products/.
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About Bitwise
Bitwise is without doubt one of the world’s main crypto specialist asset managers. Hundreds of monetary advisors, household places of work, and institutional traders throughout the globe have partnered with Bitwise to know and entry the alternatives in crypto. Since 2017, Bitwise has established a observe file of excellence managing a broad suite of index and lively options throughout ETPs, individually managed accounts, non-public funds, hedge fund methods, and staking options – spanning each the U.S. and Europe.
In Europe, for the previous 4 years Bitwise (previously ETC Group) has developed an intensive and progressive suite of crypto ETPs, together with Europe’s most traded bodily bitcoin ETP, or the primary diversified Crypto Basket ETP replicating an MSCI digital belongings index.
This household of crypto ETPs is domiciled in Germany and authorised by BaFin. Bitwise solely companions with respected entities from the standard monetary business, making certain that 100% of belongings are securely saved offline (chilly storage) via regulated custodians.
Bitwise’s European merchandise comprise a group of fastidiously designed monetary devices that seamlessly combine into any skilled portfolio, offering complete publicity to crypto as an asset class. Entry is simple through main European inventory exchanges, with main listings on Xetra, probably the most liquid trade for ETF buying and selling in Europe. Retail traders profit from quick access via quite a few DIY/on-line brokers, coupled with Bitwise’s strong and safe bodily ETP construction, which features a redemption function. For extra data, go to www.bitwiseinvestments.com/eu
Media contacts:
JEA Associates
John McLeod
00 44 7886 920436
john@jeaassociates.com
Essential data
This press launch doesn’t represent funding recommendation, nor does it represent a suggestion or solicitation to purchase monetary merchandise. This press launch is issued by Bitwise Europe GmbH (“BEU”), a restricted firm domiciled in Germany, for data solely and in accordance with all relevant legal guidelines and laws. BEU offers no specific or implicit assurance or assure relating to the equity, accuracy, completeness, or correctness of this text or the opinions contained therein. It’s suggested to not depend on the equity, accuracy, completeness, or correctness of this text or the opinions contained therein. Please observe that this text is neither funding recommendation nor a suggestion or solicitation to amass monetary merchandise or cryptocurrencies.
Earlier than investing in crypto Trade Traded Merchandise (“ETPs”), potential traders ought to take into account the next:
Potential traders ought to search unbiased recommendation and take into account related data contained within the base prospectus and the ultimate phrases for the ETPs, particularly the danger components. ETPs issued by BEU are appropriate just for individuals skilled in investing in cryptocurrencies and dangers of investing could be discovered within the prospectus and remaining phrases out there on www.bitwiseinvestments.com/eu The invested capital is in danger, and losses as much as the quantity invested are doable. ETPs backed by cryptocurrencies are extremely risky belongings and efficiency is unpredictable. Previous efficiency will not be a dependable indicator of future efficiency. The market value of ETPs will differ and they don’t provide a hard and fast earnings or match exactly the efficiency of the underlying cryptocurrency. Investing in ETPs entails quite a few dangers together with normal market dangers referring to underlying, opposed value actions, forex, liquidity, operational, authorized and regulatory dangers.
