Bitwise Asset Management has made a significant move in the crypto investment market by launching the Bitwise Solana Staking ETP (BSOL) on the renowned Deutsche Börse Xetra. This new product is designed to offer both institutional and retail investors a straightforward way to access Solana’s staking rewards, solidifying Bitwise’s foothold in Europe.
Breaking Ground in Europe
The BSOL ETP, which tracks the Compass Solana Total Return Monthly Index, provides investors with exposure to staked Solana (SOL) while maintaining a low total expense ratio of 0.85% annually. This product stands out for its transparency and performance benchmarks, ensuring investors have a clear understanding of their returns.
By listing the BSOL ETP on Xetra, Bitwise has not only increased liquidity but also made it more accessible to European investors. This strategic move underscores Bitwise’s commitment to offering innovative crypto solutions that cater to a wide range of investors.
CEO’s Insights
Bitwise CEO Hunter Horsley praised Solana as a “rising star” in the blockchain world, highlighting its scalability, speed, and growing popularity. He expressed his excitement about providing investors with a secure and transparent way to access Solana staking rewards through the BSOL ETP. This launch is a testament to Bitwise’s dedication to delivering top-tier crypto solutions that meet the diverse needs of investors.
European Expansion
Bitwise’s foray into the European market has been marked by significant milestones, including the acquisition of ETC Group and the successful launch of various ETPs. With products like the Bitwise Core Bitcoin ETP and Ethereum Staking ETP, Bitwise has solidified its position as a key player in Europe’s crypto investment landscape.
The company’s commitment to security and innovation is evident in its use of cold storage for all European ETPs, approved by Germany’s BaFin regulator. As Bitwise plans to rebrand its European portfolio and introduce more institutional-grade crypto products, the firm is poised to lead the way in crypto asset innovation.
In conclusion, Bitwise’s launch of the BSOL ETP on Deutsche Börse Xetra marks a significant step in expanding its crypto solutions for investors. With a focus on transparency, performance, and accessibility, Bitwise continues to set the standard for excellence in the crypto investment market.