Bitwise debuts Solana staking ETP on Deutsche Börse Xetra
Bitwise debuts Solana staking ETP on Deutsche Börse Xetra Bitwise debuts Solana staking ETP on Deutsche Börse Xetra
Bitwise strengthens European presence with Solana staking ETP delivery, enhancing crypto funding offerings.
Duvet artwork/illustration via CryptoSlate. Image entails blended roar that would per chance per chance per chance also encompass AI-generated roar.
Bitwise Asset Management has launched the Bitwise Solana Staking ETP (BSOL) on Deutsche Börse Xetra, providing institutional and retail merchants with streamlined get entry to to Solana’s (SOL) staking rewards.
The brand new product is designed to raise superior returns and transparency, strengthening Bitwise’s draw in Europe’s crypto funding market.
The BSOL ETP, which tracks the Compass Solana Total Return Monthly Index, supplies staked Solana (SOL) publicity with a total expense ratio of 0.85% as soon as a year.
The BSOL ETP is completely backed by staked SOL and supplies merchants with clear efficiency benchmarks. The usage of the Compass Solana Total Return Monthly Index ensures a sure evaluation framework for monitoring returns. The product’s main checklist on Xetra enhances liquidity and accessibility for European merchants.
Bitwise emphasized that the product’s innovative staking mechanism devices it apart by optimizing rewards while minimizing charges. It's miles on hand for trading in both euros and US greenbacks.
Growing staking solutions
The initiating of BSOL is Bitwise’s third staking-centered ETP this twelve months, following the introduction of Ethereum and Aptos staking merchandise in February and November.
Bitwise CEO Hunter Horsley called Solana a “rising superstar” within the blockchain residence, citing its scalability, breeze, and rising adoption.
He acknowledged:
“With BSOL, we’re contented to execute merchants with a stable, clear technique to get entry to Solana staking rewards. This delivery reflects our commitment to offering fine quality crypto solutions for a plentiful range of merchants.”
Solana, a proof-of-stake blockchain identified for processing as much as 65,000 transactions per 2nd, has suddenly emerged as a leading platform for trim contracts and NFTs. Its native token, SOL, ranks amongst the pinnacle cryptocurrencies by market capitalization.
Development within the European market
The BSOL delivery follows Bitwise’s August acquisition of ETC Community, a notorious European crypto asset manager, and its persevered expansion within the self-discipline.
Bitwise has already established itself as a key participant with merchandise just like the Bitwise Core Bitcoin ETP and Ethereum Staking ETP. The agency fair currently surpassed $12 billion in total assets under management, reflecting fundamental divulge in 2024.
All of Bitwise’s European ETPs are well-liked by Germany’s BaFin regulator and use chilly storage for added security. Within the coming months, the company plans to entire a rebranding of its European portfolio while introducing extra institutional-grade crypto merchandise.
Bitwise continues to spice up its range of crypto solutions to meet rising quiz from institutional and retail purchasers, aiming to draw itself on the forefront of crypto asset innovation.
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Assad Jafri
AJ, a passionate journalist since Yemen's 2011 Arab Spring, has honed his abilities worldwide for over a decade. Specializing in monetary journalism, he now specializes in crypto reporting.
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Solana is a high-efficiency blockchain platform that makes use of a particular consensus algorithm called “Proof of History” to get quickly transaction speeds and low charges.
Bitwise
Bitwise Asset Management pioneered the first cryptocurrency index fund and is the leading provider of principles-essentially essentially based mostly publicity to the cryptoasset residence..
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