CandleFocus

Bitwise launches solana staking ETP in Europe as US applications linger

Bitwise, a crypto asset manager, has launched a solana staking exchange-traded product (ETP) called BSOL in Europe, with Marinade serving as the staking provider. This move follows Bitwise's earlier plans to list a solana exchange-traded fund (ETF) in the US and signals the company's efforts to build its solana staking infrastructure. The inclusion of staking rewards in the BSOL product offers an advantage over other solana ETPs currently available. While this development may lead to the inclusion of staking rewards in US solana ETFs, industry analysts believe it may take some time for regulatory approval to be granted.

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