Digital asset issuer 21Shares has launched a new exchange-traded product that offers European investors regulated exposure to Solana through liquid staking. The product, called the 21Shares Jito Staked SOL ETP, debuted on January 28 and marks the first Europe-listed ETP backed entirely by JitoSOL.

According to statements from 21Shares and the Jito Foundation, the product trades under the ticker JSOL and is listed on Euronext Amsterdam and Paris. The ETP is available in both U.S. dollars and euros and carries a total expense ratio of 0.99%.

The product holds JitoSOL directly and reflects staking rewards in its net asset value, offering investors access to Solana price exposure alongside protocol-level yield.

Regulated access to Solana staking

21Shares said the JSOL ETP allows investors to gain exposure to JitoSOL through existing brokerage and banking infrastructure. The structure removes the need for direct interaction with on-chain staking processes while preserving exposure to both staking rewards and additional income generated through Solana’s transaction prioritization mechanisms.

In its announcement, Jito described the product as a dual-yield instrument that captures both traditional staking rewards and MEV-related returns generated on the Solana network.

“This product launch builds directly on the policy and market-structure work outlined in our earlier announcement on the VanEck JitoSOL ETF filing,” Jito said, adding that the European launch extends progress beyond the United States into regulated markets.

Liquid staking reaches institutional format

JitoSOL represents SOL deposited into a liquid staking system on Solana, where staked tokens remain transferable rather than locked. Investors who hold JitoSOL earn staking yield without managing validator selection or on-chain operations.

Alistair Byas-Perry, VP and Head of EU Investments and Capital Markets at 21Shares, said the product addresses a gap in institutional access to Solana staking.

“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,” Byas-Perry said.

Brian Smith, President of the Jito Foundation, stated that JitoSOL was developed from the ground up to support institutional requirements within decentralized infrastructure.

Solana adoption underpins product launch

The launch comes as Solana continues to attract institutional adoption across payments, settlement, and tokenization use cases. 21Shares described Solana as a production-grade network that supports real economic activity at scale, citing high throughput and low transaction costs.

Major financial institutions have already used Solana infrastructure. Visa introduced a USDC settlement program on Solana that processed more than $3.5 billion in annualized settlements by late 2025, with plans for expansion during 2026. JPMorgan structured a $50 million U.S. commercial paper issuance for Galaxy Digital on Solana, with USDC settlement handled on the public blockchain. Morgan Stanley Investment Management has also filed for Solana-linked ETPs in the United States, pending regulatory approval.

On-chain liquidity has expanded alongside institutional usage. Data from DeFiLlama shows Solana’s stablecoin supply near $13.9 billion, with USDC accounting for more than half of the total.

Europe advances as US debates liquid staking

While the United States has approved several Solana staking ETFs, regulators continue to restrict liquid staking products. In July, the first Solana staking ETF in the U.S. recorded $12 million in first-day inflows. Bitwise and Grayscale later launched staking-enabled Solana ETFs with significant assets under management.

Liquid staking remains under review. Jito Labs, VanEck, and Bitwise urged the U.S. Securities and Exchange Commission last year to allow liquid staking within ETPs, arguing that it improves capital efficiency. VanEck later filed for a U.S.-listed ETF that would hold JitoSOL, though approval has not yet followed.

Lucas Bruder, CEO of Jito Labs, told Cointelegraph that interest continues to build outside the U.S.

“The path forward relies on continued education around digital assets, proof-of-stake mechanics, and Solana's infrastructure advantages,” Bruder said.

Institutional strategy expands across regions

For the Jito Foundation, the European ETP launch represents a key step in a broader institutional growth strategy. In its Q4 tokenholder update, Jito emphasized that regulatory clarity enables products that combine decentralized infrastructure with traditional financial rails.

21Shares currently offers more than 50 crypto ETPs across European exchanges and manages roughly $8 billion in assets globally. The firm launched its first physically backed crypto ETP in 2018 and continues to expand its product range under established regulatory frameworks.

With the introduction of JSOL, liquid staking enters a familiar exchange-traded format for European investors. The product places Solana-based yield inside regulated market infrastructure, signaling a shift toward more structured access to on-chain financial primitives.

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