Originally published on: December 18, 2024
Exciting news from the world of cryptocurrency as Bitwise introduces a groundbreaking Solana staking exchange-traded product in Europe. The innovative product, known as BSOL, offers stakers an impressive annual percentage yield of 6.48%, surpassing its competitors in the region.
This latest development comes as Bitwise awaits approval for its Solana exchange-traded fund (ETF) offering in the United States. In the meantime, the company has wasted no time in launching BSOL on the Frankfurt Stock Exchange’s Xetra trading venue.
Partnering with the self-custodial automation tool, Marinade, Bitwise aims to revolutionize the staking experience for European investors. With a management fee of just 0.85%, BSOL offers a competitive option for those looking to maximize their returns in the growing crypto market.
While the US approval process for Bitwise’s Solana ETF is ongoing, industry experts are optimistic about the future of cryptocurrency investments. The head of digital asset research at VanEck, Matthew Sigel, predicts a promising outlook for US-approved spot Solana ETFs by 2025.
Bitwise’s dedication to innovation and expansion is evident in its recent acquisitions and strategic partnerships. With a diverse portfolio of European-listed crypto ETPs and over $4.5 billion in assets under management, Bitwise is positioning itself as a major player in the evolving crypto landscape.
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