Bitwise announces Solana (SOL) with ETP in the EU market

• Bitwise announced that it was listing the Solana stake ETP on the Xetra trading platform.
• The ETP trades under the ticker BOSL on Deutsche Börse XETRA.
• Bitwise recently applied for the Solana ETF spot in the US.

Asset manager Bitwise has launched Solana for the launch of exchange trading products in the European Union market, according to a press release on December 18.

The ETP with Bitwise Solana comes with very low rewards and fees compared to other companies in the European Union.

Solana ETP is going live on XETRA

Bitwise announced the launch of the Solana staking ETP on December 18, 2024. According to the announcement, the product will trade under the ticker BOSL on Deutsche Börse XETRA. This comes as the crypto index fund manager is awaiting regulatory approval to begin offering its Solana exchange-traded fund (ETF).

The availability on Xetra allows European investors to experience staked SOL, the company said.

“Solana is one of the leading emerging assets in the space, and we are very excited to launch BSOL, the third staking ETP we are launching this year, after Ethereum and Aptos to hold ETPs in February and November respectively,” Hunter Horsley, Bitwise co-founder and chief executive, said in a statement.

In November 2024, Bitwise registered a statutory trust for the proposed location Solana (SOL) ETF with Delaware. The filing means that Bitwise must file for US Securities and Exchange Commission (SEC) regulatory approval.

Bitwise remains optimistic of a successful deal. Matthew Sigel, head of digital asset research at VanEck, has previously noted that the chances of the US approving the Solana ETF spot will increase in 2025.

In August of this year, Bitwise acquired European crypto asset issuer ETC Group. BSOL is the second digital asset product the company has introduced in Europe since then. So at launch Bitwise's listings across the sector increased to nine, with its assets under management growing significantly as a result.

Bitwise's ETP offerings in Europe include the physically backed Bitcoin ETP that went live in 2020, and the Ethereum staking ETP that launched in early 2024.