21Shares Launches JitoSOL Staked Solana ETP in Europe for Yield Exposure

TLDR

• 21Shares launches Jito Staked SOL ETP offering European investors enhanced yield.
• JSOL ETP provides exposure to Solana with liquid staking and dual yield sources.
• The ETP gives investors full SOL price exposure and staking rewards without complexity.
• JitoSOL ETP supports institutional interest in Solana’s financial applications.

21Shares, one of the largest issuers of cryptocurrency exchange-traded products (ETPs), has introduced a new product aimed at European investors. The 21Shares Jito Staked SOL ETP (JSOL) provides liquid access to JitoSOL, the leading liquid staking token in the Solana ecosystem. This product combines Solana price exposure with a dual-source staking yield, offering both traditional staking rewards and additional revenue through Jito’s infrastructure on the Solana network.

Accessible Exposure to Solana with Enhanced Yield

The JSOL ETP, available for trading on Euronext Amsterdam and Paris, offers investors a unique opportunity to access Solana’s price movements while also benefiting from the enhanced staking rewards provided by JitoSOL. Investors can now participate in Solana’s growth and earn yields without managing on-chain operations or setting up their own wallets or validators.

This makes the product especially appealing to institutional investors looking for efficient exposure to the Solana ecosystem. Brian Smith, President of the Jito Foundation, highlighted the importance of the ETP in enabling institutional investors to engage with Solana in a regulated, transparent manner.

“JitoSOL was built from the ground up to provide liquidity and full staking exposure without compromising on transparency or network alignment,” said Smith. This product is seen as a step forward in opening up opportunities for European investors to participate in the broader economic activity of Solana.

Dual-Source Staking Yield

JitoSOL allows investors to earn a two-fold yield structure. The first source comes from standard staking rewards, while the second is generated from a share of transaction fees and prioritization mechanisms within the Solana network. This dual-source staking model helps investors maximize their yield exposure while maintaining full price exposure to Solana (SOL).

The 21Shares JSOL ETP offers these benefits in an easy-to-manage format, bypassing the technical challenges that can sometimes deter investors from participating in staking. According to Alistair Byas-Perry, Vice President of EU Investments and Capital Markets at 21Shares, the product “gives investors access to one of the most recognized Solana liquid staked tokens” through their regular brokers.

Solana’s Growing Institutional Appeal

Solana’s high throughput and low transaction costs have made it a popular choice for both crypto-native firms and traditional financial institutions. Major companies such as Visa, PayPal, and JPMorgan have increasingly turned to Solana for their on-chain settlements and tokenization projects. As a result, Solana has emerged as a viable competitor to Ethereum, with growing adoption in areas such as payments and institutional use cases.

21Shares has recognized the increasing interest in Solana from institutional players and has responded by expanding its suite of products. In 2021, it introduced its first Solana ETP, ASOL, which remains the largest Solana ETP globally. The new JSOL product is a natural extension of this offering, catering to the increasing demand for yield-enhanced crypto exposure in the European market.

A Growing Lineup of Crypto ETPs

The JSOL ETP adds to the expanding selection of cryptocurrency ETPs that feature staking rewards in Europe. While European investors have more options to participate in liquid staking, regulatory discussions in the United States continue to shape the framework for staking and yield in ETPs and ETFs.

The growing demand for yield-enhanced products reflects a broader trend in the crypto industry, where investors are looking for innovative ways to earn returns on their digital asset holdings.

21Shares continues to lead the industry by offering accessible and transparent ways for investors to engage with the evolving digital asset ecosystem. With over $8 billion in assets under management globally and more than 55 ETPs listed across Europe, 21Shares is at the forefront of providing liquid access to the crypto space.

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