21Shares Launches JitoSOL-Based Solana Staking ETP in Europe

21Shares has launched the 21shares Jito Staked SOL ETP (ticker: JSOL) in Europe, offering investors exposure to Solana with integrated staking yield. The product is listed on Euronext Amsterdam and Paris and is denominated in both U.S. dollars and euros according to the launch announcement. This development aligns with growing demand for crypto yield products and highlights increasing institutional interest in Solana's ecosystem.

The ETP provides investors with access to JitoSOL, a liquid staking token that enables full price exposure to Solana while generating returns from both standard staking rewards and a share of network transaction fees. This structure eliminates the need for investors to manage wallets or validators directly. The product carries a total expense ratio of 0.99% and is the first JitoSOL-based ETP available in Europe.

The launch of JSOL reflects broader trends in the crypto market, where institutional investors are seeking yield-enhanced exposure to digital assets. Solana's low transaction costs and high throughput have made it a preferred network for financial applications and tokenization projects. The product also adds to the growing list of crypto ETPs in Europe that incorporate staking features.

Why Did This Happen?

21Shares, one of the largest issuers of crypto ETPs, has a history of innovation in the Solana space. The firm was the first to introduce staking features in its Solana ETP (ASOL) in 2021 and remains the largest Solana ETP globally. The launch of JSOL represents an expansion of that strategy, allowing investors to access liquid staking benefits without complex on-chain operations.

JitoSOL was developed to provide liquidity and staking exposure while maintaining transparency and alignment with Solana's network. This makes it an efficient solution for institutional investors who require both yield and ease of access through traditional brokerage platforms.

How Did Markets React?

Despite the launch of JSOL, Solana's native token, SOL, traded lower in the days leading up to the announcement. As of January 29, 2026, SOL was down approximately 2%, reflecting broader market weakness. Derivatives data showed declining open interest and a negative funding rate, suggesting reduced retail participation.

Market analysts are monitoring how JSOL will impact investor behavior and capital flows into the Solana ecosystem. The product's availability on major exchanges and through existing brokerage infrastructure could attract new institutional capital to the network.

What Are Analysts Watching Next?

Analysts are paying close attention to regulatory developments in both the U.S. and Europe. In the U.S., asset managers and regulators continue to debate how staking and yield should be treated within ETF and ETP frameworks. Proposals related to JitoSOL and other staking tokens are under active review.

The success of JSOL will also depend on broader adoption of Solana as a financial infrastructure platform. Firms like Visa, PayPal, and Franklin Templeton are already leveraging the network for payments and tokenized fund issuance. If this trend continues, it could reinforce Solana's role as a key bridge between traditional finance and on-chain markets.

Investors are also watching for potential catalysts such as regulatory clarity, the passage of the CLARITY bill, and changes in interest rate policy. These factors could influence liquidity in the crypto market and impact the demand for yield-enhanced products like JSOL.