21Shares launches first Jito staked Solana ETP in Europe

21Shares just dropped a Jito-staked Solana ETP in Europe — basically giving you exchange-traded exposure to SOL with staking rewards baked right in. This is the first Europe-listed ETP backed by JitoSOL, trading under ticker JSOL in USD and euros on Euronext Amsterdam and Paris.

The product holds JitoSOL directly and reflects staking rewards in its net asset value. JitoSOL represents SOL deposited into a liquid staking program on Solana — your staked tokens stay transferable instead of getting locked up. You earn yield through a liquid token without dealing with validator delegation or on-chain staking ops.

Jito posted on X that this gives institutional investors regulated access to JitoSOL while capturing staking and MEV-related rewards. The protocol says this European launch builds on VanEck's JitoSOL ETF filing in the US last year — part of a bigger push to expand institutional access to their liquid staking infrastructure.

21Shares is a Switzerland-based issuer with over 55 crypto ETPs across European exchanges and about $8B in global AUM. They launched their first physically backed crypto ETP in 2018. Since October, they've operated as a FalconX subsidiary but keep independent product and investment ops.

Jito Network launched in 2021 focusing on liquid staking and validator infrastructure on Solana. Right now, JitoSOL has a market cap around $1.67B according to CoinGecko.

In the US, regulators have approved several Solana staking ETFs — but liquid staking products are still waiting for clearance. In July, the first Solana staking ETF in the US pulled $12M in net inflows on day one. In October, Bitwise's Solana staking ETF launched with over $220M in assets, and Grayscale dropped a staking-enabled Solana spot ETF too.

US regulators keep blocking liquid staking products from the domestic market. In July, Jito Labs along with VanEck and Bitwise pushed the SEC to allow liquid staking in Solana ETPs, arguing it improves capital efficiency and reduces operational rebalancing. About a month later, VanEck filed for a US-listed ETF that would hold JitoSOL — still not approved as of now.

Lucas Bruder, CEO of Jito Labs, told Cointelegraph they expect JitoSOL-based products to get US approval and are seeing growing interest from Asia and Middle East markets. "The path forward relies on continued education around digital assets, proof-of-stake mechanics, and Solana's infrastructure advantages," Bruder said.