- Designed for investors, optimized for performance: The Bitwise Solana Staking ETP (BSOL) was designed to deliver the best possible outcomes for investors looking to earn rewards from SOL staking thanks to innovative staking mechanism.
- Bitwise continues crypto build-up: Third Staking ETP this year – Following Ethereum and Aptos, Bitwise further strengthens its position in the crypto asset space with another institutional-grade staking ETP launch.
- Solana – A blockchain powerhouse: Solana is redefining speed and scalability in the blockchain space, rivalling Ethereum as the go-to platform for smart contracts and NFTs.
December 18, 2024. Frankfurt: Bitwise today announced the listing of its new Bitwise Solana Staking ETP (Ticker: BSOL, ISIN: DE000A4A59D2) on Xetra, providing institutional-grade total return exposure to Solana's native cryptocurrency, SOL. With an innovative staking mechanism engineered to deliver significantly higher rewards compared to other Solana staking ETPs, BSOL reaffirms Bitwise's position as a leader in the fast-growing crypto asset market.
Solana, a cutting-edge proof-of-stake blockchain launched in 2020, has rapidly become a leader in the space. Its native token SOL ranks among the top cryptocurrencies globally thanks to Solana's unrivaled speed and scalability. Employing a monolithic, single-layer architecture enables Solana to process up to 65,000 transactions per second, making it the go-to platform for retail users and high-throughput applications. Solana's robust economics, thriving developer ecosystem, and proven stability position it for widespread adoption as the "retail chain" by 2025.
Performance and Transparency Redefined
BSOL is a fully backed ETP issued in Germany, designed to deliver the highest staking returns, the lowest total cost of ownership, and superior performance compared to other Solana staking products currently on the market. As the only Solana Staking ETP benchmarked against a staking index - the Compass Solana Total Return Monthly Index (Bloomberg: SOLTRM, Reuters: .SLTRM) - it provides investors with a clear and transparent framework for performance uation. With its primary listing on Deutsche Börse XETRA, European investors can access a low-cost, liquid, and transparent investment vehicle for staked SOL exposure.
At Bitwise, we continue expanding our product suite to provide investors with access to the opportunities in crypto through high quality vehicles they can trust. Solana is one of the rising star assets in the space, and we're thrilled to be launching BSOL, the third staking ETP we are launching this year, after the Ethereum and Aptos staking ETPs in February and November respectively,
said Hunter Horsley, CEO and Co-Founder at Bitwise.
When token holders stake their tokens to validate transactions on a Proof of Stake (PoS) blockchain network such as Solana, they contribute to the security of the blockchain and receive additional tokens as rewards. Staking is similar to earning dividends, though only those participants who actively delegate their SOL to validators are eligible to earn rewards. For more, see Bitwise's digital assets staking guide.
Bitwise has experienced significant growth in 2024, recently surpassing $12 billion in total client assets. The launch of BSOL marks the second product introduced in Europe following Bitwise's acquisition of leading crypto asset manager ETC Group in August. Bitwise's European offerings include Europe's most liquid physically backed Bitcoin ETP (Ticker: BTCE, ISIN: DE000A27Z304) launched in 2020, the lowest cost Bitcoin ETP on the market (0.20% p.a.) known as the Bitwise Core Bitcoin ETP (Ticker: BTC1, ISIN: DE000A4AER62) and the rapidly growing Bitwise Ethereum Staking ETP (Ticker: ET32, ISIN: DE000A3G90G9), which debuted earlier this year.
The company is now focused on completing the rebranding of its European crypto ETP portfolio in the coming months while expanding its European platform with innovative, institutional-grade crypto ETPs, including BSOL.
Key Product Details
| ETP Name | Bitwise Solana Staking ETP |
| Primary Ticker | BSOL |
| ISIN | DE000A4A59DZ |
| WKN | A4A59D |
| TER | 0.85% p.a. |
| Asset Class | Digital Assets |
| Strategy | Staked SOL Total Return |
| Underlying exposure | Staked Solana (SOL) |
| Benchmark | Compass Solana Total Return Monthly Index |
| Replication method | Physical (Full replication) |
| Domicile | Germany |
| Primary listing | Deutsche Börse XETRA |
| Primary listing trading currencies | EUR, USD |
| Issuer | Bitwise Europe GmbH |
Important information:
This article does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This article is for general informational purposes only, and there is no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.
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Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors mentioned therein. The invested capital is at risk, and losses up to the amount invested are possible. The product is subject to inherent counterparty risk with respect to the issuer of the ETPs and may incur losses up to a total loss if the issuer fails to fulfill its contractual obligations. The legal structure of ETPs is equivalent to that of a debt security. ETPs are treated like other securities.
