21Shares Rolls Out Jito Staked SOL ETP: Solana’s Big Moment for European Investors

Solana is making waves as a blockchain powerhouse, and 21Shares is seizing the moment with the launch of their Jito Staked SOL ETP (JSOL), a new exchange-traded product now available to European investors. Listed on Euronext Amsterdam and Paris, this Solana staking ETP offers a slick entry into one of crypto’s hottest ecosystems, blending price exposure with staking rewards at a time when institutional giants like Visa and JPMorgan are piling in.

• New Product Launch: 21Shares debuts Jito Staked SOL ETP (JSOL) for European investors on Euronext Amsterdam and Paris.
• Staking Innovation: JSOL ties Solana’s market performance with staking rewards and bonus income via JitoSOL liquid staking.
• Solana’s Surge: The blockchain’s speed, low costs, and institutional backing spotlight its role in modern finance.

What Is Jito Staked SOL ETP (JSOL)?

Let’s break it down. The Jito Staked SOL ETP, or JSOL, is a financial product launched by 21Shares, a firm specializing in crypto investment vehicles. Trading under the tickers JSOL NA (USD) and JSOL FP (EUR), it’s accessible through traditional brokers on Euronext Amsterdam and Paris, catering to both retail and institutional European investors. With a total expense ratio of 0.99%, it’s a relatively affordable way to tap into Solana without directly owning or managing the cryptocurrency. What sets JSOL apart is its use of JitoSOL, a liquid staking token on the Solana blockchain. Liquid staking means you can stake your SOL—Solana’s native token—to help secure the network and earn rewards while still being able to trade or sell your position without long lock-up periods. JSOL sweetens the deal by combining standard staking yields with extra income from transaction fees and a neat trick called network prioritization, essentially a bonus for helping the Solana network run efficiently by prioritizing certain transactions. For more details on this innovative product, check out the announcement of 21Shares launching a JitoSOL-based Solana staking ETP.

As Alistair Byas-Perry, VP and Head of EU Investments and Capital Markets at 21Shares, emphasized:

“JitoSOL is an efficient way to stake SOL, maximising yield while ensuring liquidity for institutional players. By launching the world’s first JitoSOL ETP, 21Shares is offering investors solutions to participate fully in the Solana ecosystem’s growth.”

This isn’t just another crypto fund—it’s a bridge between traditional finance and decentralized tech, allowing investors to engage with Solana’s potential through familiar brokerage accounts. For those wary of managing private keys or navigating on-chain protocols, JSOL offers a controlled, regulated alternative.

Solana’s Meteoric Rise: Why It’s Turning Heads

Solana isn’t just another altcoin; it’s a high-performance blockchain designed for speed and scalability. Capable of processing thousands of transactions per second at costs often below a penny, it’s a stark contrast to Ethereum’s often hefty gas fees. This efficiency has fueled Solana’s ascent since its breakout in 2021, when its price soared amid a DeFi boom—decentralized finance, for the uninitiated, refers to financial apps built on blockchain without middlemen like banks. Today, Solana stands as a serious rival to Ethereum, carving out a niche as a hub for real-world economic activity rather than just speculative trading. Its architecture prioritizes throughput, making it ideal for everything from microtransactions to complex financial instruments.

While Bitcoin remains the gold standard for decentralized money—and we’re staunch defenders of that mission here—Solana fills a different role. It’s less about being a store of value and more about enabling a new financial infrastructure. Think of Bitcoin as digital gold and Solana as the high-speed railway for digital commerce. This distinction is why we see room for both to thrive, even if some Bitcoin maximalists might grumble at the notion of “yet another altcoin” stealing the spotlight.

Institutional Heavyweights Backing Solana

Visa’s Billion-Dollar Bet

The numbers don’t lie, and Solana’s traction with traditional finance titans is staggering. Visa, a global payments behemoth, has rolled out a USDC settlement program on Solana, partnering with U.S. banks like Cross River Bank and Lead Bank. By late 2025, this initiative hit an annualized settlement volume of over $3.5 billion—more than the GDP of some small nations. This means banks are using Solana to move massive sums instantly, sidestepping the slow, expensive legacy systems that have bogged down finance for decades. Visa’s plans to expand in 2026 only underscore Solana’s potential as a backbone for digital payments.

JPMorgan’s Blockchain Milestone

Then there’s JPMorgan, a name you wouldn’t expect in crypto’s frontier. They recently arranged a $50 million U.S. commercial paper offering for Galaxy Digital directly on Solana, marking the first U.S. debt issuance using blockchain for securities. This isn’t just a tech demo; it’s a historic step toward integrating decentralized ledgers into Wall Street’s core operations, with investors like Coinbase jumping on board. It’s proof that Solana isn’t just for degens—it’s for suits too.

Morgan Stanley and Beyond

Morgan Stanley Investment Management has also entered the fray, filing for two crypto ETPs, including the Morgan Stanley Solana Trust, though they’re still awaiting SEC approval. Franklin Templeton is another player, backing tokenized fund issuance on Solana and supporting Wyoming’s Frontier Stable Token, a state-backed stablecoin distributed via Kraken on Solana’s network. Add PayPal to the list, leveraging Solana for U.S. dollar transactions, and it’s clear this blockchain is becoming a go-to for bridging fiat and crypto worlds.

Stablecoin Explosion

Stablecoins—digital tokens pegged to fiat like the U.S. dollar to avoid crypto’s wild price swings—are another feather in Solana’s cap. Data from DeFiLlama shows Solana’s stablecoin market nearing $13.9 billion, with Circle’s USDC making up over 55% of that pool. That’s a huge liquidity reservoir, fueling decentralized apps and tokenized assets (think turning real-world stuff like bonds or real estate into blockchain-based tokens). With such a robust financial ecosystem, it’s no shock that 21Shares picked Solana as the foundation for JSOL’s innovative staking model.

JSOL’s Unique Edge: Staking Without the Hassle

Staking on Solana directly can be a headache for the uninitiated—setting up wallets, choosing validators, and dealing with lock-up risks. JSOL sidesteps all that. By wrapping exposure to Solana’s price with the perks of JitoSOL, it delivers a hassle-free way to earn rewards through a traditional investment vehicle. The Jito protocol itself stands out among Solana staking options by maximizing yields through a system that captures transaction fees—tips paid by users to speed up their trades—and prioritizes transactions to keep the network humming. While exact yield figures vary with network activity, this dual-income stream (standard staking plus fees) often outpaces vanilla staking setups. For institutional players or retail investors who crave simplicity, JSOL is a compelling package, especially at a 0.99% expense ratio that keeps costs reasonable.

The Flip Side: Risks and Challenges to Watch

Let’s cut through the hype—we’re not peddling fairy tales of overnight riches. Solana’s track record isn’t spotless. Network outages in 2021 and 2022, caused by traffic surges and software bugs, briefly knocked it offline, spooking some early adopters. While the team has rolled out upgrades to bolster stability, and initiatives like Firedancer (a new validator client for scalability) are in the works, the ghosts of downtime still linger. Can Solana keep its edge as transaction volumes soar, or will another hiccup tank confidence?

Regulatory uncertainty is another storm cloud. While JSOL targets European markets, the broader crypto space faces scrutiny. The EU’s Markets in Crypto-Assets (MiCA) framework aims to regulate digital assets, but its rollout could bring unexpected hurdles for ETPs like JSOL. Across the pond, Morgan Stanley’s pending SEC approval for Solana-linked products reminds us that not every crypto offering sails through compliance. And let’s not forget market volatility—Solana’s price swings can be brutal, and no ETP shields you from that.

Competition is fierce too. Ethereum’s layer-2 solutions like Arbitrum and Optimism are slashing fees while maintaining robust security. Other blockchains—Cardano with its academic rigor, Polkadot with its interoperability focus—vie for the same DeFi and institutional pie. Solana’s speed is a trump card, but it’s not unbeatable. Then there’s the ever-present specter of scams in crypto. While JSOL itself is legit, the wider space is rife with rug pulls and frauds. Investors must stay sharp, because no amount of institutional hype erases the wild west vibe of this industry.

How JSOL Fits Into a Crypto Portfolio

For European investors eyeing Solana’s potential, JSOL offers a low-friction entry point. It’s a diversification play—pair it with Bitcoin holdings to balance a store-of-value asset with a utility-driven one. Bitcoin remains the bedrock of decentralized hard money, a hedge against fiat erosion, while Solana (via JSOL) taps into transactional and DeFi growth. If you’re already heavy on altcoins, consider JSOL’s 0.99% fee against other ETPs or direct staking yields to ensure it aligns with your risk-reward goals. And a word of caution: don’t over-allocate to any single blockchain, no matter how shiny. Crypto markets are a rollercoaster—spread your bets and keep a cool head.

What’s Next for Solana and JSOL?

Looking ahead, Solana’s trajectory seems packed with potential. Upcoming upgrades like Firedancer could further cement its scalability, while more partnerships with TradFi giants might push adoption into overdrive. For JSOL, the focus will be on European market penetration—will more exchanges list it, or could retail demand spark similar products? Regulatory clarity under MiCA could make or break its long-term viability. One thing’s certain: as the lines between centralized and decentralized finance blur, Solana and tools like JSOL are at the forefront. Whether that’s a revolution or a risky gamble depends on execution—and a dash of luck. Some Bitcoin purists might scoff at Solana as a distraction from the core mission of sound money, but with Visa and JPMorgan on board, isn’t it time to admit not every coin needs to be orange-pilled?

Key Takeaways and Burning Questions

• What Is Jito Staked SOL ETP (JSOL) and How Can European Investors Access It?
  JSOL is a 21Shares exchange-traded product tracking Solana’s price and offering staking rewards via JitoSOL. European investors can access it on Euronext Amsterdam and Paris through traditional brokers.
• Why Is Solana Gaining Traction with Institutional Investors?
  Solana’s high-speed transactions and low costs make it perfect for payments and tokenization, drawing in Visa, JPMorgan, and Morgan Stanley for real-world financial use cases.
• How Does JSOL Differ from Directly Staking SOL?
  JSOL simplifies staking by bundling rewards and bonus fees in a regulated format, sparing investors the technical complexities of on-chain staking while using familiar brokerage platforms.
• What Are the Benefits of JitoSOL in JSOL’s Structure?
  JitoSOL maximizes yields with standard staking rewards plus income from transaction fees and network prioritization, offering a potential edge over other staking methods.
• What Risks Should Investors Consider with JSOL?
  Solana’s past network outages, regulatory uncertainties in Europe, market volatility, and competition from other blockchains pose real challenges to weigh before investing.
• Does Solana Threaten Bitcoin’s Role in Crypto?
  Unlikely—Bitcoin is the premier store of value, while Solana serves as a scalable transaction platform. Both can drive decentralization in complementary ways.
• How Does JSOL Compare to Ethereum-Based ETPs?
  JSOL benefits from Solana’s lower fees and faster transactions compared to Ethereum, though Ethereum’s larger ecosystem and security pedigree remain strong draws for similar products.
• What Should Investors Know About Solana’s Network Stability?
  Solana has faced outages in the past due to high traffic, though recent upgrades aim to address this. Investors should monitor its reliability as adoption grows.