[ad_1]
21Shares has launched a brand new exchange-traded product (ETP) in Europe that mixes Solana
$115.50
publicity with built-in staking rewards.
The brand new product, known as 21Shares Jito Staked SOL ETP (JSOL), is listed on Euronext Amsterdam and Euronext Paris and trades in US {dollars} and euros.
It’s the first ETP in Europe backed by JitoSOL, a token created by Jito Community.
Do you know?
Subscribe – We publish new crypto explainer movies each week!
10 Greatest Crypto Scams & Methods to Keep away from Them (ANIMATED)
The fund immediately holds JitoSOL
$144.75
, and its internet asset worth grows with staking rewards, which permits buyers to earn yield robotically.
JitoSOL represents SOL tokens positioned in Solana’s liquid staking program. This method retains tokens transferable fairly than locking them up, which permits customers to earn staking rewards with out working their very own validators or managing blockchain processes.
Jito shared on X that the launch offers institutional buyers with a regulated technique to entry JitoSOL, together with returns from staking and maximal extractable worth (MEV).
The corporate additionally linked this European rollout to VanEck’s earlier JitoSOL ETF submitting within the US.
Based mostly in Switzerland, 21Shares manages over $8 billion in belongings and has greater than 55 crypto ETPs throughout European exchanges. The agency first launched a bodily backed crypto ETP in 2018.
On January 13, 21Shares began buying and selling its new Bitcoin
$82,489.50
and Gold ETP on the London Inventory Change. What did the corporate say? Learn the complete story.
[ad_2]
Source link
