Asset manager 21shares, with over $7 billion in assets under management, introduced the Jito Staked SOL ETP, known by its ticker JSOL, to European markets. JSOL provides investors with price exposure to Solana while integrating staking rewards and maximal extractable value (MEV) rewards through $JitoSOL, a leading liquid staking token on the Solana network. By listing the product on Euronext Amsterdam and Paris, 21shares has expanded access to yield-bearing Solana exposure within a familiar exchange-traded structure.
The 21shares Jito Staked SOL ETP is backed 100% by $JitoSOL and offers investors exchange-traded access to $JitoSOL with a total expense ratio of 0.99%. This structure allows the ETP to track Solana price movements while also capturing staking-related yield. Investors can access the product through existing brokerage and banking platforms, aligning digital asset exposure with established financial infrastructure.
Where Does $JitoSOL’s Yield Come From?
Issued by the Jito Network, $JitoSOL represents staked $SOL that remains liquid and usable across the Solana ecosystem. Liquid staking allows holders to maintain liquidity while continuing to earn network rewards, unlike the traditional staking model that locks tokens for fixed periods.
$JitoSOL introduced a two-way yield structure on Solana. Holders earn standard staking rewards while also receiving a share of MEV rewards generated from transaction fees and prioritization mechanisms on the network. These mechanisms relate to how transactions compete for block space during periods of high activity. By holding $JitoSOL, participants retain full exposure to $SOL price movements while benefiting from both sources of yield.
"$JitoSOL was built from the ground up to provide liquidity and full staking exposure without compromising on transparency or network alignment. As Solana continues to build Internet capital markets and become a mature, global financial infrastructure, products like the 21shares Jito Staked SOL ETP help open the door for European investors to participate in Solana's long-term growth and economic activity in a responsible, regulated way. 21shares is a trailblazer in bringing crypto investment vehicles to the European market, and we're thrilled to be working with them." - Brian Smith, President of the Jito Foundation.
Liquid Staking on Solana
Liquid staking tokens on Solana have entered a strong growth phase in recent years, reflecting increased network usage and demand for capital efficiency. Data shows that liquid staking tokens collectively account for a market capitalization of approximately $8.82 billion, with more than 63.8 million $SOL being staked through liquid staking tokens.
Liquid staking represents roughly 14% of the total $SOL staked on the network, with the remaining majority still held through native staking. This distribution highlights both the progress of liquid staking adoption and the scale of opportunity still ahead. Since 2023, the share of $SOL staked via liquid staking tokens has increased steadily, supported by their expanding use across decentralized finance protocols, lending markets, and structured products.
The launch of JSOL follows a series of milestones that reflect growing institutional acceptance of $JitoSOL as a compliant staking asset. In July 2025, REX-Osprey integrated $JitoSOL into the portfolio of its Solana Staking ETF, $SSK. The inclusion strengthened the fund’s access to native staking rewards while enabling investors to maintain compliant exposure to Solana within a traditional finance framework.
In August, VanEck filed an S-1 registration statement for the VanEck JitoSOL ETF. The filing marked the first proposal for a spot Solana ETF fully backed by a liquid staking token.
Together, these developments signal increasing comfort among asset managers and regulators with liquid staking tokens as a foundation for regulated investment products.
Institutional Adoption of Solana
Solana’s high throughput and low transaction costs support real-time payments, trading, and settlement. Both crypto-native firms and established financial institutions have engaged with the network to explore onchain use cases.
Firms including Visa, PayPal, Franklin Templeton, WisdomTree, and JPMorgan have leveraged Solana for payment experiments, onchain settlement, and tokenized fund issuance. This activity positions Solana as production-grade financial infrastructure and underscores its role as a bridge between traditional finance and onchain markets.
Read More on SolanaFloor
Nearly 70% of $SKR Supply Staked as 34,000 Wallets Lock Entire Holdings
Memecoin Season Shows Signs of a Strong Return on Solana
Are You Seeing The Big Picture?
