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Solana (SOL) is poised for potential ETF approval alongside XRP as legal clarity emerges under a new SEC administration. Bitwise has launched a Solana staking ETP in Europe, offering competitive rewards, while advancements in staking infrastructure hint at future US-based ETFs. However, ongoing legal disputes regarding their status as securities may delay the introduction of Solana and XRP ETFs.
Bitwise has launched its Solana-based crypto-staking exchange-traded product (ETP), BSOL, in Europe, offering an annualized return of 6.48%, surpassing competitors like 21Shares. This move follows the company's plans for a Solana ETF in the US, amid evolving regulatory landscapes. Despite Solana's recent performance lagging behind Bitcoin and Ethereum, optimism remains among traders regarding its long-term potential.
Bitwise has launched its Solana-based crypto-staking exchange-traded product (ETP), BSOL, in Europe, offering a 6.48% annual yield, surpassing competitors like 21Shares. This move follows the company's plans for a Solana ETF in the U.S., amid evolving regulatory landscapes. With significant growth in 2024, Bitwise aims to provide superior staking returns while capitalizing on Solana's potential.
Bloomberg analysts predict a rise in cryptocurrency ETFs by 2025, driven by potential changes in SEC leadership with pro-crypto advocate Paul Atkins. Bitcoin and Ethereum ETFs are expected to dominate the market due to their classification as commodities, while Solana and XRP face uncertain approval due to ongoing legal issues. Litecoin and HBAR ETFs may gain traction, although demand remains uncertain.
Solana (SOL) is showing resilience at $217, maintaining strong market performance despite fluctuations. The launch of Bitwise's staking product, BSOL, offers a competitive 6.48% yield, attracting institutional interest and supporting the asset's consolidation above the crucial $210 level. Analysts note potential upward movement as SOL approaches resistance levels at $244 and $265, with healthy trading patterns indicating ongoing accumulation.
Bitwise has launched the Bitwise Solana Staking ETP (BSOL) on Deutsche Börse Xetra, providing European investors with institutional-grade access to Solana and its staking rewards. This product simplifies staking, ensuring transparency and superior returns, while reflecting Bitwise's confidence in Solana's growing prominence in the crypto space. With total client assets exceeding $12 billion in 2024, Bitwise aims to expand its European offerings, making innovative crypto products more accessible to retail investors.
Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, under the ticker BSOL, offering an annual percentage yield (APY) of 6.48%. This product, developed with Marinade, features a management fee of 0.85%, lower than competitors. As Bitwise awaits U.S. regulatory approval for a Solana ETF, the firm continues to expand its crypto ETP offerings, which now exceed $4.5 billion in assets under management.
Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, offering a competitive 0.85% management fee and a 6.48% staking yield, in partnership with Marinade. This move raises hopes for a similar product in the US, as Bitwise has filed for a Solana spot ETF, although it currently excludes staking services due to regulatory uncertainties. Optimism grows with potential changes in SEC leadership that may affect the treatment of staking services.
Bitwise has launched a Solana staking ETP in Europe, trading under the ticker BSOL, which offers a 6.48% annualized return and is backed by Marinade. While the US currently prohibits staking rewards in ETFs, potential regulatory changes could pave the way for similar products, enhancing interest in the SOL ecosystem. This development reflects a growing appetite for altcoin-focused funds in Europe and optimism for future offerings in the US.
Solana's price has struggled below $215 after peaking at $263 on November 22, dipping to $203 last week. Despite a recent uptick in trading volume, analysts suggest it may retest the $203 support before any potential recovery, with a target of $300 requiring a break through resistance at $222. Meanwhile, Bitwise has launched a Solana Staking ETP in Europe, offering a 6.48% staking reward, as interest in Solana remains high.
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