21Shares Launches JSOL ETP to Expand Solana Staking Access in EU

21Shares today announced the launch of its Jito Staked SOL ETP (JSOL). The ETP offers European investors access to staking on the Solana network. The demand for yield-based digital asset products is increasing in the region.

The ETP offers a simplified way for investors to gain exposure to the rewards of staking on the Solana network. The product also offers a dual-yield mechanism that seeks to simplify the staking experience for users. 

The JSOL ETP offers direct exposure to the price of SOL while also providing additional yield generated by the Jito infrastructure. The product offers investors standard Solana staking rewards. The investors’ additional revenue was generated by transactions processed through the Jito on-chain infrastructure.

Simplified Access to Solana’s Staking Economy

This product offers users access to the staking economy of the Solana network. While avoiding the need to interact with it or operate a validator.  The structure eliminates the technical complexity of on-chain interactions. The ETP is available for trading in USD and EUR on the Euronext Amsterdam and Paris exchanges.

The dual yield mechanism of the product makes the Solana network attractive to investors who want to stake and earn diversified yields. The product provides users with access to the rewards of the validators’ activities through the JitoSOL ETP. 

According to 21Shares, the product offers accessibility and operational simplicity for users. The company states that the JSOL ETP offers users access to yield opportunities through a familiar product. The product is in line with the increasing interest in structured crypto products in the European region.

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Brian Smith, the president of the Jito Foundation, provided insight into the product’s structure in an official statement. According to him, JitoSOL was built to focus on liquidity and transparent alignment with incentives. The comments demonstrate the increased focus on Solana’s growing ecosystem.

21Shares Tracks Europe’s Staking ETP Growth

Europe’s markets continue to grow and remain a hub for staking ETPs. The regulatory environment has enabled ETP issuers to create products that combine blockchain incentives with traditional securities. 

The launch of JSOL is a result of various trends shaping digital asset investment products in the region. Asset managers are launching offerings that combine a regulated approach with blockchain incentives. The movement solidifies Europe’s position as a hub for staking ETPs.

There are clear differences between Europe and the United States. European exchanges have approved several staking ETPs. The use of staking within exchange-traded products is a point of discussion among US regulators.

The launch of JSOL indicates a continued demand for yield-based blockchain products. The product also indicates a continued interest in Solana, especially as its use cases continue to grow in various industries. 

JSOL is a product that combines staking incentives and market access. The product offers Solana exposure in a regulated format. The launch indicates a shift toward combined digital asset products in various markets across the world.

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