Crypto asset manager Bitwise has launched a Solana staking ETP in Europe, trading under the ticker symbol BSOL. Solana staking firm Marinade will become Bitwise’s staking provider.
Less than a month ago, Bitwise said it planned to list the Solana ETF in the U.S. and register a statutory trust in Delaware. Bitwise’s decision to build out its SOL staking infrastructure may also give it the ability to offer staking rewards for its U.S. spot SOL ETF. Current U.S. cryptocurrency ETF applications have removed staking rewards due to securities law concerns, but industry insiders speculate that this may change under the SEC led by Paul Atkins. (Blockworks)