• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitwise Introduces European Solana Staking ETP: A New Company Step

user avatar

by Giorgi Kostiuk

3 months ago


Bitwise introduced a new Solana staking product in Europe under the ticker BSOL, offering investors access with a 6.48% yield.

Expanding Bitwise's Reach in Europe

The launch of BSOL follows Bitwise’s acquisition of the London-based ETC Group, whose ESOL product manages $24 million in assets. This strategic move allows Bitwise to strengthen its position in Europe, catering to demand for crypto-staking opportunities.

Staking and Stability

Bitwise has selected Marinade as its staking provider to ensure a reliable and secure experience. Marinade is well-known in the Solana ecosystem for its focus on decentralization and efficiency. Solana staking rewards typically yield about 8% annually, but Bitwise has opted for a slightly lower rate of 6.48% to maintain operational and security standards.

Bridging Staking and ETFs

The introduction of BSOL follows Bitwise's registration of a Solana ETF entity in Delaware, indicating an ambition to expand their offerings. While current U.S. regulations prevent ETFs from including staking rewards, Bitwise’s efforts in building its SOL staking infrastructure could lead to future innovations. Some analysts believe that under a Paul Atkins-led SEC, there’s potential for changes to securities laws, which would allow ETFs to include staking rewards. If so, Bitwise would already have the necessary infrastructure in place to capitalize on this shift.

Bitwise continues to develop new Solana products and aims to leverage opportunities that may arise from future regulatory changes.

0

Share

Other news

BlockDAG Aims for 15,000 TPS as Ethereum and ETC Decline

BlockDAG tests 15K TPS on beta testnet, while Ethereum and ETC struggle for stability.

user avatarGiorgi Kostiuk

a few seconds ago

BlockDAG: How the Project Surpasses NEAR and Aptos in the Evolving Layer-1 Blockchain Race

BlockDAG sells 19 billion coins at $0.0248 and surpasses NEAR and Aptos in progress before mainnet launch.

user avatarGiorgi Kostiuk

a few seconds ago

BlockDAG Targets 100+ Wallets, XRP Lags, Solana Eyes $160

BlockDAG aims for active testing with 100+ wallets, XRP remains unchanged, Solana targets $160.

user avatarGiorgi Kostiuk

a few seconds ago

Regulatory Issues and $500M Scandal in Hong Kong

The $500M incident in Hong Kong questions the stability of its financial system.

user avatarGiorgi Kostiuk

a minute ago

Institutional Inflows Boost Bitcoin Recovery

Institutional investments drive Bitcoin's recovery: Resistance at $88K before the $150K target.

user avatarGiorgi Kostiuk

9 minutes ago

Major $90 Million BTC Transfer from Binance Spurs Bullish Market Speculations

As Bitcoin hits $87,892, a large $90 million transfer from Binance prompts bullish market speculations.

user avatarGiorgi Kostiuk

10 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.