"The United States "lags", Europe "leads"! Bitwise's global layout, Solana's ETP pledge has set off a market boom! "
Crypto index fund management company Bitwise is accelerating its deployment in the Solana ecosystem and announced on December 17 that it has partnered with self-custody automation tool Marinade to launch a Solana staking exchange-traded product (ETP) with the stock code BSOL. The product offers stakers an annual yield (APY) of 6.48%, significantly beating its competitor 21Shares’ 5.49%. Additionally, BSOL's management fees are only 0.85%, significantly lower than peers' 2.5%.
This new product aims to fill the gap where Bitwise Europe’s first Solana ETP (ESOL) failed to support staking rewards. Bitwise expanded its footprint in the European market with the acquisition of ETC Group, adding 9 cryptocurrency ETPs, surpassing $4.5 billion in assets under management, and further improving its market position.
While Bitwise is still waiting for the U.S. Securities and Exchange Commission to approve its Solana spot exchange-traded fund (ETF), analysts predict that U.S. approval will be very likely by the end of 2025. Bitwise investment director Matt Hougan and research director Ryan Rasmussen believe that the encryption industry will usher in a new round of changes in the next few years, including the listing of multiple encryption "unicorns", and the market value of Bitcoin is expected to surpass gold in 2029. exceeded US$18 trillion.
The crypto market is developing rapidly, and Solana’s staking products are gradually becoming the focus of investors’ attention. Want to get market updates as soon as possible and easily interpret industry trends? Remember to follow Mr. Qiu, who will take you through the world of encryption!
