21Shares, one of the world's largest cryptocurrency exchange-traded product (ETP) issuers, has launched the 21Shares Jito Staked SOL ETP (JSOL) on Euronext Amsterdam and Paris. This new product provides European investors with regulated, liquid exposure to Solana (SOL) through JitoSOL, the leading liquid staking token on the Solana network.
The JSOL ETP is designed to offer a dual-source staking yield. Investors gain full price exposure to SOL while earning rewards from two streams: standard Solana staking rewards and additional revenue generated from a share of transaction fees and prioritization mechanisms facilitated by Jito's infrastructure on the Solana network. This structure allows investors to participate in Solana's growth and earn enhanced yields without the technical complexity of managing on-chain operations, wallets, or validators.
Alistair Byas-Perry, Vice President of EU Investments and Capital Markets at 21Shares, stated the product "gives investors access to one of the most recognized Solana liquid staked tokens" through their regular brokerage accounts. The ETP carries a total expense ratio (TER) of 0.99% and is listed in both U.S. dollar and euro denominations.
Brian Smith, President of the Jito Foundation, emphasized the product's role in institutional adoption, saying, "JitoSOL was built from the ground up to provide liquidity and full staking exposure without compromising on transparency or network alignment."
The launch underscores Solana's growing institutional appeal, driven by its high throughput and low transaction costs. Major traditional financial institutions like Visa, PayPal, JPMorgan, and Franklin Templeton have increasingly utilized Solana for on-chain settlements and tokenization projects. 21Shares' move expands its existing Solana ETP suite, which includes ASOL—the world's largest Solana ETP launched in 2021.
This development is part of a broader trend in Europe, where the market for staking-enabled crypto ETPs is rapidly expanding. In contrast, regulatory discussions in the United States continue to shape the framework for incorporating staking and yield mechanics into ETF and ETP structures. 21Shares, with over $8 billion in assets under management and more than 55 ETPs listed across Europe, continues to lead in providing accessible digital asset investment vehicles.
