Bitwise debuts Solana staking ETP on Deutsche Börse Xetra

Bitwise Asset Management has introduced the Bitwise Solana Staking ETP (BSOL) on Deutsche Börse Xetra, providing institutional and retail investors with streamlined access to Solana’s (SOL) staking rewards.

The new product is designed to deliver superior returns and transparency, strengthening Bitwise’s position in Europe’s crypto investment market.

The BSOL ETP, which tracks the Compass Solana Total Return Monthly Index, offers staked Solana (SOL) exposure with a total expense ratio of 0.85% annually.

The BSOL ETP is fully backed by staked SOL and provides investors with transparent performance benchmarks. The use of the Compass Solana Total Return Monthly Index ensures a clear evaluation framework for tracking returns. The product’s primary listing on Xetra enhances liquidity and accessibility for European investors.

Bitwise emphasized that the product’s innovative staking mechanism sets it apart by optimizing rewards while minimizing costs. It is available for trading in both euros and US dollars.

Expanding staking solutions

The launch of BSOL is Bitwise’s third staking-focused ETP this year, following the introduction of Ethereum and Aptos staking products in February and November.

Bitwise CEO Hunter Horsley called Solana a “rising star” in the blockchain space, citing its scalability, speed, and growing adoption.

He said:

“With BSOL, we’re thrilled to provide investors with a secure, transparent way to access Solana staking rewards. This launch reflects our commitment to offering high-quality crypto solutions for a broad range of investors.”

Solana, a proof-of-stake blockchain known for processing up to 65,000 transactions per second, has rapidly emerged as a leading platform for smart contracts and NFTs. Its native token, SOL, ranks among the top cryptocurrencies by market capitalization.

Growth in the European market

The BSOL launch follows Bitwise’s August acquisition of ETC Group, a prominent European crypto asset manager, and its continued expansion in the region.

Bitwise has already established itself as a key player with products like the Bitwise Core Bitcoin ETP and Ethereum Staking ETP. The firm recently surpassed $12 billion in total assets under management, reflecting significant growth in 2024.

All of Bitwise’s European ETPs are approved by Germany’s BaFin regulator and use cold storage for added security. In the coming months, the company plans to complete a rebranding of its European portfolio while introducing additional institutional-grade crypto products.

Bitwise continues to expand its range of crypto solutions to meet growing demand from institutional and retail clients, aiming to position itself at the forefront of crypto asset innovation.