English
52085
The European blockchain investment market is ushering in a new trend. The market size of Solana’s pledge exchange-traded products (ETP) has officially surpassed other similar blockchain products and has become the focus of institutional funds. This change is not accidental, but the result of the combined effect of Solana's ecological development, product design advantages and the European regulatory environment.  As a mature crypto asset investment vehicle in Europe, the blockchain ETP market has continued to expand in recent years. Data shows that 17 ETP providers in Europe have launched approximately 130 crypto-asset-related products. From 2020 to now, the market-wide asset management scale (AUM) has soared from US$600 million to US$16 billion, and institutional investors' demand for compliant encryption products continues to be released. In this booming market, Solana Staking ETP stands out with unique advantages.  The strong growth of the Solana ecosystem has laid the foundation for staking ETP. Data in 2025 shows that Solana's daily on-chain transaction volume exceeded US$250 million, a year-on-year increase of 38%, DeFi's locked value (TVL) reached US$15 billion, and the NFT market transaction volume maintained a steady growth of 25% per year. The increase in ecological activity directly enhanced the attractiveness of assets. What's more critical is its staking income advantage. Solana's staking annualized yield (APY) is stable in the 5% to 7% range, which is significantly higher than Ethereum's staking income level of 2% to 3%. This difference has become a core highlight for attracting income-oriented investors.  Institutional layout and product innovation further promoted scale breakthroughs. The Solana Staking ETP (BSOL) launched by Bitwise in Europe is significantly better than similar competitors with a high staking return of 6.48% and a low management fee of 0.85%, and its asset management scale has exceeded US$106 million. CoinShares has also launched a zero-fee Solana physical pledge ETP, attracting investors with the transparency of 100% physical endorsement. The data on capital inflows are more intuitive. The Solana pledge product listed in Europe set a record of net inflows of US$60 million in five trading days. Bitwise's products raised US$69.5 million on the first day, far exceeding the performance of other blockchain ETPs during the same period.  The regulatory advantages and investor structure of the European market have also become important drivers. Unlike the U.S. market, the development of European crypto ETPs started early and the regulatory framework is mature. Native crypto asset management institutions such as CoinShares have long dominated the market, providing a good implementation environment for Solana's pledge products. The allocation ratio of institutional investors to high-performance public chains has increased from 3% in 2023 to 7%. Solana's pledged ETP has the characteristics of both asset appreciation and stable income, which exactly meets the needs of institutions for diversified allocation. Wall Street giants such as ARK Invest, VanEck, etc. are also indirectly participating in this market through the deployment of related products. It is worth noting that Solana's scale leadership in staking ETP is not driven by a single product, but forms a product matrix effect. At present, many institutions such as Bitwise, CoinShares, and 21 Shares have launched related products in the European market, covering different rate structures and income distribution models, meeting the multi-level needs from retail to institutions. As the ecosystem continues to improve and institutional funds further inflow, Solana's leading advantage in staking ETP in Europe is expected to continue to expand, setting a new benchmark for compliant investment in blockchain assets. |
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