Bitwise has launched a new Solana staking exchange-traded product (ETP) in Europe, named BSOL, offering a competitive annual yield of 6.48%. This move comes as Bitwise awaits approval for its Solana ETF in the U.S. The ETP, developed in partnership with Marinade, features a low management fee of 0.85%, challenging European competitors like 21Shares. Bitwise's expansion in Europe follows its acquisition of the ETC Group, boosting its assets under management to over $4.5 billion. The firm remains optimistic about U.S. ETF approvals by 2025, with predictions of significant market growth.