Bitwise has launched a Solana Exchange-Traded Product (ETP) in Europe, available on the Deutsche Börse Xetra exchange under the ticker BSOL. The new product provides institutional investors with a regulated way to gain exposure to SOL without directly holding the cryptocurrency. The BSOL ETP offers an attractive 6.48% annual yield, surpassing competitors like 21Shares, which offers a 5.49% yield. Additionally, BSOL has a management fee of 0.85%, significantly lower than 21Shares’ fee of 2.5%.

Bitwise has partnered with Marinade, a Solana staking firm, to offer staking rewards to BSOL holders. This launch is part of Bitwise’s strategy to expand its product offerings and meet the increasing demand for regulated digital asset exposure in traditional financial markets. The Solana ETP provides an accessible and secure option for institutional investors looking to diversify their portfolios in the growing cryptocurrency space. Show Less