The investment vehicle provides exchange-listed access to JitoSOL with integrated staking dividends, as liquid staking ETFs are currently being reviewed within the United States.
21Shares has introduced a Jito-staked Solana exchange-traded instrument across European markets, providing regulated access to the SOL cryptocurrency through which staking yields are integrated.
The 21Shares Jito Staked SOL ETP will circulate under the symbol JSOL in both USD and EUR denominations and is currently available on Euronext Amsterdam and Paris, marking the premier European-listed vehicle supported by JitoSOL, per firm reports. This instrument maintains physical custody of JitoSOL, ensuring that accrued staking dividends are reflected within its net asset value.
Created by the Jito Network, JitoSOL signifies SOL assets committed to a liquid staking protocol on the Solana blockchain, where tokens stay mobile instead of being restricted. Possessing JitoSOL enables financiers to gain staking returns via a flexible asset, through which the need for manual validator delegation or the management of on-chain procedures is bypassed.
In several social media updates on Thursday, Jito noted that the instrument provides corporate financiers with compliant entry to JitoSOL while ensuring that staking and MEV-linked profits are captured.
The protocol remarked that its European debut expands upon the previous year’s JitoSOL ETF application by VanEck in the United States and mirrors an extensive push to broaden corporate availability of its liquid staking framework, through which institutional adoption is accelerated.
21Shares operates as a Swiss-based provider with over 55 digital asset ETPs featured on European markets and approximately $8 billion in total global holdings, as reported by the firm. The company introduced its initial physically collateralized crypto ETP in 2018, ensuring that a long-standing track record of transparency is established for investors.
Since October, the firm has functioned as a branch of FalconX, though a system of autonomous product and investment management is maintained.
The Jito Network debuted in 2021 and prioritizes liquid staking along with validator systems on the Solana blockchain. At the time of this report, a market valuation of approximately $1.67 billion is held by its JitoSOL token, according to data from CoinGecko.
Solana Staking ETFs Debut in US as Liquid Staking Faces Scrutiny
In the United States, several Solana staking ETFs have been authorized by regulators, yet liquid staking has not yet received official approval.
In July, a record-breaking $12 million in net capital was attracted by the first Solana staking ETF in the nation during its initial day of trading. By October, the Bitwise Solana staking ETF debuted with over $220 million in assets, providing investors with Solana exposure while ensuring that staking-based yields are generated. During that same month, a staking-enabled Solana spot ETF was introduced by Grayscale Investments within the United States.
While American regulators have authorized several Solana staking ETFs, liquid staking products continue to be barred from the domestic market.
In July, Jito Labs, alongside fund managers VanEck and Bitwise, petitioned the U.S. Securities and Exchange Commission to permit liquid staking within Solana ETPs, maintaining that capital efficiency could be improved and operational rebalancing minimized.
Roughly one month afterward, VanEck submitted a filing for a U.S.-listed ETF designed to hold JitoSOL. As of this report, authorization for the ETF has not been granted.
Lucas Bruder, CEO of Jito Labs, informed that the organization anticipates the authorization of JitoSOL-oriented instruments within the US and is observing escalating curiosity from jurisdictions in Asia and the Middle East, through which a global expansion is projected.
“The path forward relies on continued education around digital assets, proof-of-stake mechanics, and Solana’s infrastructure advantages,”
Bruder said.
