The well-known crypto asset management firm Bitwise has announced the launch of a new product - Bitwise Solana Staking ETP (BSOL). The new product is available on Deutsche Börse Xetra and is aimed at investors looking for institutional exposure to Solana with the added bonus of staking rewards.
Features of the New ETP
Bitwise has previous experience in launching staking ETPs such as those for Ethereum and Aptos. However, the Solana-focused product stands out. Solana is known for its high performance of 65,000 transactions per second and scalable architecture. BSOL is designed to provide superior staking returns, mimicking dividends for cryptocurrency, while eliminating the complexities of standard staking. It ensures transparency in tracking performance as it is fully backed by the Compass Solana Total Return Monthly Index.
Why Solana Attracts Attention
Solana is becoming a haven for developers and investors thanks to its robust ecosystem. The launch of BSOL demonstrates Bitwise's confidence in Solana's future. According to Bitwise CEO Hunter Horsley, Solana is becoming a rising star in the crypto asset world.
Future Expectations and Prospects
Bitwise's total client assets have already surpassed $12 billion in 2024. The recent acquisition of ETC Group has strengthened their position in Europe. BSOL is part of a broad European strategy, following successful launches such as Ethereum Staking ETP and physically backed Bitcoin ETP. Bitwise plans to expand its European portfolio by continuing to adhere to the principles of transparency and low cost.
The launch of Bitwise Solana Staking ETP demonstrates a commitment to making cryptocurrency more accessible and rewarding not only for institutional but also for retail investors. The future looks promising, with Bitwise aiming to lead the way.
