- Bitwise has announced that it listed a Solana staking ETP on the Xetra trading platform.
- The ETP will trade under the ticker BOSL on Deutsche Börse XETRA.
- Bitwise recently filed for a Solana ETF in the United States.
Asset manager Bitwise has launched a Solana staking exchange-traded product (ETP) on the European Union market, the firm said in a press release dated December 18.
The Bitwise Solana staking ETP offers staking rewards and comes with relatively low fees compared with other providers in the EU.
Solana ETP Goes Live on XETRA
Bitwise announced the launch of its Solana staking ETP on December 18, 2024. According to the announcement, the product will trade under the ticker BOSL on Deutsche Börse XETRA.
The listing comes as the crypto index fund manager awaits regulatory approval to offer a Solana exchange-traded fund (ETF) in the United States. Availability on Xetra gives European investors the opportunity to gain exposure to staked SOL, the company said.
“Solana is one of the rising stars in the space and we are excited to launch BSOL, the third staking ETP we have launched this year, after our Ethereum and Aptos staking ETPs in February and November, respectively,” said Hunter Horsley, co-founder and CEO of Bitwise, in a statement.
In November 2024, Bitwise registered a legal trust in Delaware for its proposed spot Solana (SOL) ETF. That filing requires Bitwise to seek approval from the U.S. Securities and Exchange Commission (SEC). The firm remains optimistic about securing regulatory clearance.
Matthew Sigel, head of digital asset research at VanEck, has previously noted that the likelihood of the U.S. approving a spot Solana ETF should increase in 2025. In August this year, Bitwise expanded into Europe by acquiring the crypto-asset issuer ETC Group.
BSOL is the second digital asset staking product Bitwise has introduced in Europe this year. Its launch increased Bitwise’s listings in the region to nine, contributing to a significant rise in assets under management.
Bitwise’s European ETP offerings include a physically backed Bitcoin ETP introduced in 2020 and the Ethereum staking ETP launched in early 2024.