Bitwise’s Solana Staking ETP enables investors to access Solana, the sixth-largest cryptocurrency with a market cap of 103 billion USD. This product builds on previous staking ETPs for Ethereum and Aptos.
Hunter Horsley, the CEO of Bitwise, refers to Solana as a ‘rising star asset’ in the crypto market, showcasing renewed confidence in its potential amidst shifting investment trends.
Plans for spot-based Solana ETFs in the U.S. Face challenges from the SEC, creating delays. Despite this, altcoin ETPs are widely available in European markets, showcasing a contrast in regulatory approaches.