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

Solana Staking ETP by Bitwise: A New Step in the European Market

user avatar

by A1

3 hours ago


Bitwise Asset Management announced the launch of the Solana Staking ETP under the ticker BSOL in Europe. This is part of the company's strategy to leverage Solana staking rewards amidst regulatory changes in the US.

Key Features of BSOL ETP

The Solana Staking ETP is a significant part of Bitwise's expansion in Europe. The company acquired the ESOL product when it bought the ETC Group, but it did not include staking rewards. Now, BSOL offers this feature, providing competitive rates at 6.48%, which is higher than the market average.

Comparison with Competitors

Bitwise is not the only company in the market with Solana staking products. VanEck and 21Shares have also launched their products in Europe. For example, VanEck established a partnership with Kiln, while 21Shares offers a 5.49% reward rate with a 2.5% management fee. Bitwise provides a 6.48% reward rate and a significantly lower annual management fee of 0.85%.

US Regulatory Challenges

While the Solana staking market in Europe is heating up, it is facing challenges in the US due to regulatory issues. Current laws do not allow staking rewards to be included in ETFs, but Bitwise continues to work towards launching such products in the future.

The launch of Bitwise's BSOL Solana Staking ETP reflects the growing interest in Solana staking in both Europe and the US. Companies are ready to expand their offerings as regulatory environments evolve.

0

Share

Other news

An Undervalued Crypto: The Potential of Litecoin's Growth

Litecoin remains undervalued, but can it return to previous highs?

user avatarA1

a few seconds ago

China's Crypto Market Rebounds, Altering Bitcoin Requirements

Chinese crypto market resurgence boosts Bitcoin interest amid market monopolization and stricter regulations.

user avatarA1

20 minutes ago

Chainlink Price Analysis: Causes of the Decline and Future Outlook

Chainlink fell by 13%, yet a major investor continues to acquire tokens. Find out the latest changes and future prospects.

user avatarA1

21 minutes ago

What's Happening with Mantra (OM) Price: Key Levels Analysis

Mantra (OM) prices show significant activity. Learn about the crucial support and resistance levels.

user avatarA1

22 minutes ago

Phishing Attacks and Crypto Crime: Ledger, ISIS, and Nigeria in Focus

Phishing targets Ledger, ISIS sponsor convicted, Nigerian crypto scheme exposed—key crypto news of the week.

user avatarA1

22 minutes ago

MEV FLASH: A New Era in Decentralized Finance by MEV Bridge

MEV Bridge introduces MEV FLASH, a tool for simplifying DeFi access with zero-interest loans and instant liquidity.

user avatarA1

23 minutes ago

dapp expert logo
© 2020-2024. DappExpert. All rights reserved.
© 2020-2024. 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.