21Shares launches JitoSOL-based Solana staking ETP in Europe

21Shares, a prominent issuer of crypto exchange-traded products (ETPs), has broadened its offering in Europe by launching a new ETP focused on passive yield generated from the Solana ecosystem. The product provides institutional and retail investors with exposure to Solana (SOL) staking rewards utilizing JitoSOL, a popular liquid staking derivative (LSD).

The new ETP aims to offer a dual benefit: exposure to the price movements of Solana and access to the yield generated from securing the network. Crucially, the use of JitoSOL allows the ETP to maintain liquidity, overcoming the typical lock-up periods associated with native staking on the Solana blockchain.

JitoSOL is a liquid staking token that represents staked SOL plus accrued rewards. Unlike standard staking where tokens are illiquid, JitoSOL can be used across various decentralized finance (DeFi) protocols, enhancing capital efficiency. Furthermore, JitoSOL is designed to capture Maximal Extractable Value (MEV) rewards through the Jito network, potentially offering higher yields compared to typical staking methods.

This launch underscores the growing institutional demand for high-yield, compliant structured products referencing Layer 1 protocols. By offering the ETP on major European exchanges, 21Shares continues its strategy of bridging traditional finance with innovative decentralized applications, allowing investors to participate in the staking economy without the complexities of direct custody or technical staking setup.

Source: 21Shares launches JitoSOL-based Solana staking ETP in Europe