BSOL ETP Listed on Frankfurt Stock Exchange
On December 18, Bitwise announced that the new Solana staking ETP (BSOL) is now listed on the Frankfurt Stock Exchange’s Xetra trading venue. The listing is in partnership with Marinade, a self-custodial automation tool. This collaboration enhances the staking process and allows users to earn a competitive yield on their Solana holdings.
At the time of publication, Bitwise had not responded to requests for additional details regarding the specifics of the partnership with Marinade.
Attractive Yield and Competitive Fees
The BSOL ETP offers an attractive annual percentage yield (APY) of 6.48% for stakers. This yield surpasses European competitors such as 21Shares, which offers an APY of 5.49%. With such a competitive rate, BSOL is poised to attract significant attention from investors looking to earn passive income through Solana staking.
- APY for BSOL: 6.48% – Higher than competitors like 21Shares (5.49%)
- Management Fee: 0.85%, significantly lower than 21Shares’ 2.5%
The competitive fee structure makes BSOL an appealing option for stakers seeking better returns with lower costs.
Solana ETPs and Future Plans
In addition to BSOL, Bitwise introduced its first Solana ETP in Europe, ESOL, in August. While ESOL did not offer staking rewards, BSOL addresses this gap by incorporating staking rewards, making it a more complete offering for Solana investors.
With the acquisition of ETC Group earlier this year, Bitwise expanded its presence in the European crypto market, adding nine crypto ETPs to its portfolio. This acquisition also boosted Bitwise’s assets under management (AUM) to over $4.5 billion. Currently, ESOL holds $24 million in AUM, demonstrating the growing demand for Solana-based investment products in Europe.
Bitwise’s U.S. ETF and the Bullish Crypto Outlook
Bitwise’s future plans include the launch of a spot Solana ETF in the U.S. In November, the company registered a statutory trust for the proposed ETF in Delaware. However, it is still awaiting further regulatory filings with the U.S. Securities and Exchange Commission (SEC).
Despite the delay in U.S. approval, experts have a bullish outlook for crypto ETFs. Matthew Sigel, head of digital asset research at VanEck, predicts a high likelihood of U.S. approval for a spot Solana ETF by the end of 2025.
- Forecasted U.S. approval for Solana ETF: Likely by 2025
- Bitwise’s 2025 Prediction: Bitcoin could reach $200,000 and surpass gold’s $18 trillion market cap by 2029
- Crypto Unicorns: Bitwise expects at least five major crypto companies to go public in 2025, including Circle and Kraken
Bitwise executives, Matt Hougan and Ryan Rasmussen, are optimistic about the future of crypto ETFs and foresee significant growth in the industry in the coming years.
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