cryptonews.net
Crypto asset manager Bitwise has launched a Solana staking ETP in Europe under the ticker BSOL. Solana staking firm Marinade will serve as Bitwise’s staking provider. The move comes less than a month after Bitwise announced plans to list a Solana ETF in the US by registering a statutory trust in Delaware.
Bitwise’s move to build out its SOL staking infrastructure could also give it the ability to offer staking rewards for its spot SOL ETF in the US. All current US filings are stripped of staking rewards due to securities law concerns, but that could change under the guidance of the SEC led by Paul Atkins.
Bitwise first offered a European Solana ETP when it acquired London-based ETC Group and its ESOL product, which currently has $24 million in assets under management, down from $27 million a month ago. The problem investors have with ESOL is likely the lack of staking rewards, which have been quite lucrative for Solana investors in recent months. BSOL has staking rewards built in.
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