How Bitwise Solana Staking ETP Delivers Top Staking Rewards

Good news for the crypto enthusiasts in the European Union. The famous crypto asset management firm, Bitwise, just launched its Bitwise Solana Staking ETP (BSOL). They launched the product on Deutsche Börse Xetra. It is a great product for investors looking for institutional grade exposure to Solana. It is paired with the benefits of staking rewards. This launch shows the growing dominance of Solana in the blockchain space.

Why This ETP Stands Out

This isn’t Bitwise’s first rodeo in staking ETPs. They previously introduced Ethereum and Aptos staking ETPs, but the new Solana focused product feels special. Solana is famous for its incredible speed of 65k transactions per second and scalable architecture. The blockchain is quickly becoming a favorite among developers as well as investors. With Bitwise Solana Staking ETP, the firm taps into its potential and gives European investors low cost and transparent access to Solana staking.

BSOL is designed to provide superior staking returns, which are like dividends for crypto. But unlike regular staking, this product removes the complexities. It’s fully backed and linked to the Compass Solana Total Return Monthly Index, ensuring transparency in tracking performance.

Solana is one of the finest blockchains available in the market with a whole ecosystem surrounding it.  This launch represents Bitwise’s confidence in Solana’s future. As Hunter Horsley, the company’s CEO, pointed out, Solana is becoming a rising star in the crypto asset world. The ETP underscores Bitwise’s strategy to offer high-quality staking products that meet the needs of serious investors.

What to Expect

The company’s total client assets have already surpassed $12 billion in 2024, and its recent acquisition of ETC Group solidifies its position in Europe. BSOL is part of a broader European push, following earlier hits like their Ethereum staking ETP and physically backed Bitcoin ETP.

With Bitwise Solana Staking ETP, retail investors will get easier access to innovative crypto products. The asset management firm plans to keep expanding its European portfolio with more cutting-edge offerings while maintaining its commitment to transparency and low costs.

This product launch is a step forward in making crypto more accessible and rewarding not just for institutions but for retail investors as well. The future looks promising, and Bitwise seems determined to lead the way.