Points of Focus

• 21Shares launches Europe’s first exchange-traded product backed directly by JitoSOL.
• The ETP embeds Solana staking and MEV-linked yield inside a regulated wrapper.
• Europe moves ahead on liquid staking access while the US remains split.

21Shares has listed Europe’s first JitoSOL-backed Solana staking ETP, giving investors regulated, exchange-traded access to Solana price exposure with staking yield built in. The product, listed on Euronext Amsterdam and Paris, holds JitoSOL directly and reflects staking rewards in its net asset value. The structure removes on-chain complexity while keeping yield visible inside a familiar market format.

What the JitoSOL-backed Solana ETP actually holds

The product, trading under the ticker JSOL, holds JitoSOL rather than raw SOL. JitoSOL represents SOL deposited into a liquid staking program on the Solana network. The token stays transferable instead of locking funds at the validator level.

That structure changes how staking exposure shows up inside an ETP. By holding JitoSOL, the ETP maintains full exposure to SOL price movements while earning two yield streams. One comes from standard Solana staking rewards. The other comes from transaction fees and priority revenue tied to Jito’s infrastructure, often grouped under MEV-related income. According to Jito Network statements, both yield sources flow through to JitoSOL holders and are reflected in NAV over time.

Today we announce the launch of the @21shares JitoSOL ETP!

𝗧𝗶𝗰𝗸𝗲𝗿: 𝗝𝗦𝗢𝗟

The first European ETP backed entirely by Solana’s leading LST: JitoSOL.

One ticker. Two reward streams.

Here's how it works.🧵 pic.twitter.com/P9SJMncYnx

— Jito (@jito_sol) January 29, 2026

Why Europe is moving first on liquid staking ETPs

Europe has emerged as the primary venue for staking-enabled crypto products. US regulators have approved several Solana staking ETFs since mid 2025, including launches that saw $12 million in first day inflows in July and more than $220 million in assets at Bitwise’s October debut. Liquid staking remains excluded from those approvals.

This gap explains why the first JitoSOL-based exchange-traded product arrived in Europe. In the US, Jito Labs, VanEck, and Bitwise jointly urged the Securities and Exchange Commission in July 2025 to allow liquid staking inside ETPs. VanEck later filed for a US-listed ETF holding JitoSOL. The filing still awaits approval.

Europe’s framework allows 21Shares to move faster. The firm already lists more than 55 crypto ETPs across European venues and manages about $8 billion in assets globally, based on company disclosures.

Solana’s institutional case goes beyond yield

Solana’s appeal here is not limited to staking returns. Large firms including Visa, PayPal, Franklin Templeton, and JPMorgan have used the network for payments and tokenized fund pilots in recent years. Low fees and high throughput support those use cases at scale.

JitoSOL sits inside that context. CoinGecko data places JitoSOL’s market capitalization near $1.63 billion as of January 2026, making it the largest liquid staking token on Solana by value. That scale reduces tracking error risk for an ETP structure that depends on liquidity.

What to watch next for JSOL and liquid staking products

The immediate test will be how closely JSOL tracks on-chain staking yields during periods of heavy Solana network activity. The broader signal sits with regulators. If US policy shifts on liquid staking, the JitoSOL-based products already trading in Europe may shape the next wave of approvals.

For now, Europe has drawn the clearer line. Liquid staking yield is available through a regulated wrapper. In the US, the debate continues.