TL;DR
- Product Launch: 21Shares introduced JSOL, an ETP offering exposure to Solana through JitoSOL, enabling investors to earn staking rewards and transaction-related revenue without managing onchain operations.
- Network Momentum: Solana’s low fees and high throughput continue to attract institutions like Visa, PayPal, and Franklin Templeton, supporting broader adoption across payments, trading, and tokenization.
- Market Context: The JSOL listing on Euronext Amsterdam and Paris adds to Europe’s growing lineup of staking-enabled crypto ETPs, while U.S. regulators continue debating how staking and yield mechanics should fit into ETF and ETP frameworks.
21Shares has introduced a new ETP designed to merge Solana exposure with liquid staking, widening the selection of crypto yield instruments available to European investors. The firm said the product, listed under the ticker JSOL, offers exchange-traded access to JitoSOL, a leading liquid staking token on the Solana network. Through this structure, investors maintain full exposure to SOL while earning staking rewards and a share of transaction-related revenue generated through Jito’s infrastructure, all without handling wallets, validators, or onchain operations.
JitoSOL Integration Brings Dual Yield and Simplified Access
The firm highlighted that JitoSOL enables investors to capture two yield streams tied to Solana’s ecosystem. Standard staking rewards are paired with additional revenue sourced from transaction activity supported by Jito’s infrastructure. This approach allows investors to benefit from Solana’s performance while avoiding the operational complexity typically associated with staking. The product is listed on Euronext Amsterdam and Paris in U.S. dollar and euro denominations and carries a total expense ratio of 0.99%, positioning it within Europe’s expanding market for staking-enabled crypto ETPs.
Solana’s Network Strength Draws Institutional Attention
Solana’s low fees and high throughput continue to attract interest from both crypto-native firms and established financial institutions. Companies such as Visa, PayPal, and Franklin Templeton have explored or adopted onchain settlement using Solana’s infrastructure. This growing institutional engagement underscores the network’s evolution from experimental use cases to more mature applications in payments, trading, and tokenization, reinforcing the appeal of products like JSOL.
21Shares Expands Its Solana-Focused ETP Lineup
Alistair Byas-Perry, head of EU investments and capital markets at 21Shares, said the new product builds on the firm’s existing Solana ETP offerings. He noted that demand for yield-enhanced crypto exposure remains strong among European investors. By integrating JitoSOL, 21Shares aims to provide a more accessible path to staking returns while maintaining alignment with Solana’s broader ecosystem growth.
While Europe sees rapid expansion of staking-enabled ETPs, the U.S. remains in active discussion over how staking, yield, and validator economics should be incorporated into ETF and ETP structures. Proposals involving JitoSOL and similar staking tokens are part of ongoing regulatory considerations, highlighting the contrast between European adoption and U.S. deliberation.
