21Shares Launches Solana Staking ETP in Europe

The launch of the 21Shares Jito Staked SOL ETP provides European investors exposure to Solana’s liquid staking ecosystem.

21Shares announced the introduction of its new Solana staking ETP, known as the 21Shares Jito Staked SOL ETP, available on Euronext Amsterdam and Paris. This product aims to provide institutional access to JitoSOL at a 0.99% expense ratio.

The ETP launch by 21Shares marks a noteworthy addition to its crypto investment offerings. Alistair Byas-Perry, VP of EU Investments, emphasized JitoSOL’s efficiency in maximizing yield while ensuring liquidity.

“The 21shares JSOL ETP is designed to give investors access to one of the most recognised Solana liquid staked tokens through their existing brokers. JitoSOL is an efficient way to stake SOL, maximising yield while ensuring liquidity for institutional players.” – Alistair Byas-Perry

Brian Smith noted its alignment with Solana’s infrastructure growth.

The Solana token, affected by the broader market environment, witnessed a 2% price decline on the launch day. The launch indicates heightened interest from institutional players, although it occurs amid tense market sentiment concerning derivative activities.

As the Solana ecosystem grows, products like JSOL ETP provide regulated exposure beneficial for institutional investors. The listing on Euronext, a regulated platform, underscores the steady integration of blockchain assets into formal financial markets.

Institutional interest could drive long-term shifts in Solana’s adoption within financial systems, particularly within Europe, thereby facilitating greater blockchain utility and acceptance. Solana’s positioning as a competitor to Ethereum for payments and trading underscores its potential impact on future financial structures.