Bitwise Asset Management has officially launched its Solana Staking ETP product in the European market, through the security code BSOL, with an impressive annual dividend of up to 6.48%. This product is supported by Marinade, a strategic partner, ensuring a solid infrastructure for staking activities. Investors in Europe seeking investment opportunities in Solana staking will find BSOL an attractive option, with an annual management fee of only 0.85%.
This product marks an important step for Bitwise after they acquired the ESOL product from ETC Group, which provided exposure to Solana but did not come with staking rewards. With BSOL, Bitwise not only offers staking opportunities but also directly competes with 21Shares, aiming to reshape the cryptocurrency ETP market in Europe.
Meanwhile, current regulations in the United States have imposed restrictions on ETFs with staking features, making it impossible to integrate staking rewards into the Solana ETF product in the US market due to legal hurdles. However, Bitwise has cleverly navigated this barrier by developing the BSOL product, expanding staking opportunities in Europe while waiting for regulatory clarity in the United States.
This move also demonstrates Bitwise's flexibility as it continues to improve its infrastructure and prepare to capitalize on changes in policy and the regulatory environment in the United States. This proactive approach helps Bitwise not only maintain its competitive position in the global market but also be ready to embrace new opportunities as regulations in the United States become clearer.
https://tapchibitcoin.io/bitwise-mang-solana-staking-etp-den-chau-au.html