Jito Network Launches JitoSOL ETP in Europe for Institutional Investors
- JitoSOL represents SOL deposited into a liquid staking program on the Solana network, allowing tokens to remain transferable.
- The market capitalization of JitoSOL is approximately $1.67 billion, according to CoinGecko data.
- The product provides institutional investors with regulated access while capturing staking and MEV-related rewards.
- Jito Network, launched in 2021, has been operating as a subsidiary of FalconX since October.
- US regulators have approved several Solana staking ETFs but have not yet cleared liquid staking products.
The launch of JitoSOL in Europe follows last year’s ETF filing by VanEck in the US and aims to broaden institutional access to liquid staking infrastructure. Despite regulatory hurdles in the US regarding liquid staking, interest is growing globally, particularly from Asia and the Middle East.
With a market cap of about $1.67 billion, JitoSOL is positioned to attract institutional investment despite ongoing regulatory challenges for liquid staking products in the US.(Source)
