Bitwise has launched a Solana staking exchange-traded product in Europe under the ticker BSOL, expanding its lineup of crypto staking investment products. The product is issued in Germany and is fully backed, arriving less than a month after Bitwise registered a statutory trust in Delaware, a move widely seen as preparation for a potential Solana ETF in the United States.
Europe Moves Ahead on Solana Product Access
According to the announcement, BSOL is designed to offer investors strong staking returns, low total cost of ownership, and competitive performance. The ETP uses the Compass Solana Monthly Index as its benchmark, giving investors a clearer framework for tracking results. Bitwise CEO and Co-Founder Hunter Horsley said Solana has become one of the rising assets in crypto, adding that BSOL is the firm’s third staking ETP launched this year, following products tied to Ethereum and Aptos.
Staking Rewards and Fee Structure
On Solana, staking incentives come from SOL issuance, with the network distributing rewards to validators in exchange for their role in supporting blockchain activity. Validators then pass part of those rewards on to stakers as they compete for delegated SOL. Data cited from Solana Compass indicates that staking incentives for stakers are around 8% annually.
Bitwise said BSOL will pass on 6.48% of staking rewards to investors while charging an annual 0.85% management fee. That structure positions the product as a regulated way for investors to gain exposure to SOL staking income without holding and staking tokens directly.
Broader Expansion in Europe
Bitwise said its total client assets surpassed $12 billion in 2024, highlighting the firm’s continued growth. BSOL is also the second product launched in Europe since Bitwise acquired the crypto asset manager ETC Group, underscoring its push to build a broader presence in the region.
The launch suggests Europe continues to offer a more active path for crypto investment product innovation, especially around staking-based vehicles. For Bitwise, BSOL provides another regulated route for investors seeking Solana exposure, even as the firm’s U.S. Solana ETF ambition remains unresolved for now.