Bitwise is introducing a Solana staking ETP in the European Union after facing obstacles in launching a Solana ETF in the US. The move comes as Solana staking products are prohibited in the US but allowed in the EU. Bitwise's acquisition of a European ETP issuer in August paved the way for this strategic shift. The firm aims to capitalize on the regulatory environment in the EU to offer staking rewards through the BSOL ETP. While the SEC has hindered Bitwise's efforts to launch a Solana ETF in the US, the new staking ETP presents a unique opportunity. With a potential annual reward rate of 8%, BSOL sets itself apart from US ETFs. Despite recent price corrections, Solana remains resilient in the market. Bitwise's decision reflects a possible shift towards a stronger European presence or anticipation of regulatory changes in the US. Read more AI-generated news on: https://app.chaingpt.org/news