21Shares has launched the first Europe-listed ETP backed by JitoSOL, offering exposure to the SOL token with staking embedded. The Jito Staked SOL ETP, trading under the ticker JSOL, holds JitoSOL directly and reflects staking rewards. Jito Network focuses on liquid staking and validator infrastructure on Solana, with JitoSOL’s market capitalization at $1.67 billion.

In the US, regulators have approved multiple Solana staking ETFs, but liquid staking products have yet to receive clearance. Bitwise’s Solana staking ETF launched with over $220 million in assets, providing exposure to Solana and staking-derived yield. Jito Labs and VanEck have urged the SEC to allow liquid staking in Solana ETPs, emphasizing improved efficiency. VanEck filed for a US-listed ETF holding JitoSOL, pending approval. CEO Lucas Bruder expects JitoSOL-based products to gain approval in the US, with growing interest from Asian and Middle Eastern markets.

Read more at Cointelegraph: 21Shares Lists JitoSOL-Backed Solana ETP in Europe