Europe's largest digital asset investment firm CoinShares has announced a partnership with leading cryptocurrency exchange FTX Global to launch the world’s physically-backed exchange-traded product (ETP) for Solana (SOL).

Designed to share the staking rewards in a transparent way, the physically settled Solana ETP will launch with 1 million SOL worth $91 million (at the time of writing) in assets under management (AUM).

The staking rewards for the Solana product have been set at 3% per annum while the management fee is reduced to 0% yearly.
<blockquote><em>“CoinShares has a proven track record of providing European investors with innovative and regulated crypto-asset investment vehicles for close to a decade, making them the obvious choice to collaborate with for institutional offerings. We’re excited to work alongside CoinShares to give investors access to the Solana ecosystem and we look forward to collaborating further on additional offerings,”</em> said Sam Bankman-Fried, FTX CEO.</blockquote>
https://twitter.com/CoinSharesCo/status/1506541997720584195
<h2><strong>Bridging the Gap Between TradFi and Crypto</strong></h2>
The collaboration with FTX continues CoinShares mission of bridging the gap between traditional finance and digital assets in a secured, transparent and familiar manner.

CoinShares FTX Physical Staked Solana will be listed on Germany's main market Xetra. With the new product, the company has now officially launched four ETPs this year.

CoinShares Partners With FTX to Launch the World’s First Solana ETP

CoinShares has announced a partnership with FTX Global to launch the world’s physically-backed exchange traded product (ETP) for Solana (SOL).

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

CoinShares Partners With FTX to Launch the World’s First Solana ETP

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