Bitwise has launched a new ETP (Exchange-Traded Product) dedicated to Solana, identified with the symbol BSOLwhich offers an innovative opportunity for investors interested in the cryptocurrency sector.
This product combines the ease of access to digital assets with a significant added value: the rewards generated by staking. Solana (SUN).
ETP Solana: BSOL’s competitive advantage
Staking is a fundamental practice on the Solana proof-of-stake blockchain, where users lock their tokens to support the security and operation of the network. In exchange, they receive rewards in the form of new SOL tokens.
Bitwise has collaborated with Marinadeone of the leading betting companies in Solana, to integrate this feature into BSOL ETP, guaranteeing investors an annual return of 6.48%.
This aspect makes BSOL particularly interesting compared to its competitors, such as the ETP on Solana offered by 21actionswhich guarantees a performance of 5.49%. Additionally, BSOL has a lower management fee, equivalent to 0.85%compared to 2.5% of 21 actions. These elements highlight Bitwise’s competitiveness in the European cryptocurrency-linked ETP market.
The launch of BSOL in Europe is another step in Bitwise’s strategy to expand its presence in the bullish cryptocurrency landscape.
This move follows the company’s announcement regarding the registration of a statutory trust in Delawareindicating the intention to introduce a Solana ETF in the United States. This future product could benefit from the same staking infrastructure developed for the European ETP, offering competitive returns to US investors.
Bitwise’s commitment to perfecting its staking infrastructure on Solana demonstrates a strategic vision: solidifying Solana’s position as one of the leading blockchains for efficiency, speed and returns generated by staking.
BSOL vs ESOL: the evolution of the product
The BSOL represents a significant improvement over Bitwise’s previous ETP on Solana, acquired through the purchase of the ESOL Product of ETC Group. Although ESOL achieves 24 million dollars In assets, it does not offer rewards for staking, which limits the attractiveness for investors.
The ability to earn passive returns makes BSOL a more attractive option, particularly for institutional and retail investors looking for growth opportunities in the bull and bear cryptocurrency sector.
One of Solana’s strong points is the high annual staking reward rate, which is around 8%more than double the average Ethereum performance. This aspect, combined with lower transaction costs and greater scalability, has made Solana one of the most popular blockchains among crypto investors.
Bitwise leverages these features to position BSOL as a leading product in the crypto ETP market. The ability to pass on a large portion of staking rewards to investors, while keeping management fees low, highlights the company’s focus on optimizing profitability.
Conclusions: Solana’s future with BSOL
The launch of BSOL marks an important milestone for Bitwise, which aims to lead the adoption of Solana in Europe and the United States. The staking rewards offered by BSOL not only attract investors seeking passive returns, but also position Bitwise as one of the most competitive issuers in the crypto ETP sector.
With the expansion of financial products based on SolanaBSOL could consolidate the role of this blockchain as one of the most relevant digital assets for the future of cryptocurrencies.
