The cryptocurrency asset management company Bitwise has launched a Solana staking ETP in Europe, trading under the code BSOL. The Solana staking company Marinade will be the staking provider for Bitwise.
Less than a month ago, Bitwise stated its plan to list a Solana ETF in the United States and registered a statutory trust in Delaware. Bitwise has decided to build its SOL staking infrastructure, which may also enable it to provide staking rewards for its U.S. spot SOL ETF. Due to concerns regarding securities laws, current cryptocurrency ETF applications in the U.S. have removed staking rewards, but industry insiders speculate that this could change under the leadership of SEC Chair Paul Atkins. (Blockworks) #BTC
