Solana (SOL) is the second best smart contract platform after Ethereum, according to many analysts. ETF products are the safest way for institutional and professional investors to enter cryptocurrencies. Many US-based products entered our lives after Trump took office, and 21Shares is also increasing the number of its products in the European region. A new staking-enabled ETF was launched today.
Solana ETF
21Shares, To Solana launched its stock exchange investment product in Europe today for investors who want to invest and earn staking income. In the recently shared announcement, Solana is one of the dominant liquid staking tokens on the network. To JitoSOL It was announced that stock market investment opportunities were offered.
JitoSol ETP offers investors 2 separate income opportunities. Investors will both invest in Solana (SOL) and have the opportunity to earn additional income from standard staking rewards and the transaction obtained through the Jito infrastructure in Solana.
The new product was launched with the ticker JSOL and is traded in US dollars and euros on Euronext Amsterdam and Paris. The total expense rate is 0.99%.
JSOL ETP
Solana is one of the largest smart contract platforms with its low network fees, speed and strong community. Traditional financial giants such as Visa, PayPal and Franklin Templeton are also known to launch products and services on the network.
Trillion-dollar giants expanding into alternative networks, especially in the RWA field, see Solana as a strong center after Ethereum. All this for investors who want to invest in the future of blockchain-based finance JSOL ETP It makes it attractive in the European region.
1shares’ Head of EU Investments and Capital Markets, Alistair Byas-Perry, said the following about today’s development;
“21shares JSOL ETP is designed to provide investors with access to one of the most well-known Solana liquid staking tokens through their existing brokers.
JitoSOL is an efficient way to stake SOL, maximizing returns while providing liquidity for institutional players. 21shares became the first issuer in the world to launch staking on the Solana ETP (ASOL) in 2021. To date, ASOL remains the largest Solana ETP globally. “By launching the world’s first JitoSOL ETP, 21shares is once again innovating in this space and providing investors with solutions to fully participate in the growth of the Solana ecosystem.”
21Shares, which dominates the crypto product market with 55 different ETPs in the European region, manages $8 billion in assets.
Despite today’s launch, SOL Coin price finds buyers near the $118 support due to the fluctuation in BTC price.
