Related Questions

[To learn more about the core technology, read our full guide: What Is Jito (JTO)?]

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Smart investors often hold both to balance their risk. Register at BYDFi today to trade tokenized commodities and crypto assets on a single, professional interface.

Frequently Asked Questions (FAQ)

Q: Can I trade Silver with crypto?
A: Yes. Platforms like BYDFi offer tokenized commodities (like PAX Gold) or derivatives that track the price of Silver (XAG/USDT).

Q: Is Solana more risky than Silver?
A: Yes. Solana faces technical risks (network outages) and regulatory risks that a physical element like Silver does not face.

Q: Which asset is more liquid?
A: Digital assets are generally more liquid for retail traders. You can sell $1 million of Solana instantly on an exchange. Selling $1 million of physical Silver bars requires logistics, shipping, and dealer fees.

Europe has taken a decisive step forward in crypto investment innovation as 21Shares officially launches the first exchange-traded product backed by Jito-staked Solana. The new product delivers regulated exposure to Solana while seamlessly integrating staking rewards, marking a milestone for institutional access to liquid staking strategies.

The launch places Europe ahead of the United States in embracing liquid staking within exchange-traded products, at a time when US regulators continue to scrutinize similar offerings.

A New Era for Solana Exposure in Regulated Markets

The newly introduced 21Shares Jito Staked SOL ETP, trading under the ticker JSOL, is listed on Euronext Amsterdam and Euronext Paris and is available in both US dollars and euros. Unlike traditional crypto ETPs that simply track the price of an asset, this product directly holds JitoSOL, allowing investors to benefit from staking yields embedded directly into the product’s net asset value.

This structure offers exposure to Solana without the operational complexity of managing onchain staking, validator selection, or lock-up periods. The result is a simplified, exchange-listed product designed for professional and institutional investors seeking yield alongside price exposure.

How JitoSOL Transforms Solana Staking

JitoSOL is a liquid staking token issued by the Jito Network, representing SOL deposited into a staking program on the Solana blockchain. What makes JitoSOL distinct is its liquidity. While traditional staking requires tokens to be locked, JitoSOL remains transferable, enabling capital flexibility while continuing to generate staking rewards.

In addition to standard staking yield, JitoSOL also captures value from MEV-related strategies, enhancing overall returns. This combination positions JitoSOL as a core building block for advanced Solana-based investment products.

Institutional Demand Drives the European Launch

According to Jito Network, the European debut of the Jito-staked Solana ETP reflects growing institutional demand for compliant and yield-generating crypto products. In statements shared on X, the protocol highlighted that the product offers regulated access to liquid staking while preserving transparency and efficiency.

This launch builds on earlier momentum, including VanEck’s previous filing for a JitoSOL-based ETF in the United States, signaling a broader push to integrate liquid staking into traditional financial instruments.

21Shares Expands Its Crypto ETP Leadership

21Shares, headquartered in Switzerland, has established itself as one of Europe’s most prominent crypto ETP issuers. With more than 55 crypto products listed across European exchanges and approximately $8 billion in assets under management, the firm continues to expand its footprint in regulated digital asset markets.

Since becoming a subsidiary of FalconX, 21Shares has maintained independent investment and product operations, allowing it to innovate while benefiting from institutional-grade infrastructure. The company’s history dates back to 2018, when it launched its first physically backed crypto ETP, long before digital assets entered mainstream finance.

Jito Network’s Growing Influence on Solana

Founded in 2021, Jito Network focuses on liquid staking solutions and validator infrastructure for Solana. Its flagship token, JitoSOL, has grown rapidly, reaching a market capitalization of approximately $1.67 billion, according to CoinGecko data.

The expansion into regulated European markets strengthens Jito’s position as a key player in Solana’s staking ecosystem and highlights increasing global interest in liquid staking as a capital-efficient alternative to traditional staking models.

Why the United States Is Still Lagging Behind

While Europe moves forward, the United States remains cautious. US regulators have approved several Solana staking ETFs, but liquid staking products continue to face regulatory resistance. Despite this, demand is clearly present.

Earlier this year, the first US-listed Solana staking ETF recorded strong inflows on its debut, while subsequent launches from Bitwise and Grayscale attracted hundreds of millions of dollars in assets. These products provide staking yield exposure, but stop short of adopting liquid staking structures like JitoSOL.

Industry leaders argue that liquid staking improves efficiency and reduces operational friction. In July, Jito Labs, alongside VanEck and Bitwise, formally urged the US Securities and Exchange Commission to approve liquid staking within Solana ETPs, emphasizing its benefits for both issuers and investors.

Global Momentum Builds for JitoSOL Products

Lucas Bruder, CEO of Jito Labs, has expressed confidence that JitoSOL-based products will eventually receive regulatory approval in the United States. He also noted growing interest from markets across Asia and the Middle East, regions increasingly active in crypto infrastructure and institutional adoption.

According to Bruder, continued education around proof-of-stake mechanics and Solana’s technical advantages will play a crucial role in accelerating acceptance across global financial markets.

Europe Sets the Standard for Crypto Innovation

The launch of the 21Shares Jito Staked SOL ETP underscores Europe’s willingness to lead in regulated crypto innovation. By combining price exposure, staking rewards, and liquidity in a single exchange-traded product, the region is setting a benchmark that other markets may soon follow.

As institutional investors continue to search for yield-enhanced digital asset products, liquid staking ETPs like JSOL may represent the next evolution of crypto investment vehicles.

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As Solana BTCFi matures, it will likely capture a significant percentage of the total Bitcoin market cap. Don't let your assets sit idle. Register at BYDFi today to access the latest wrapped Bitcoin assets and participate in the high-yield opportunities of the new economy.

Frequently Asked Questions (FAQ)

Q: Can I lose my Bitcoin using BTCFi?
A: Yes. If the smart contract is exploited or the bridge is hacked, you could lose the underlying Bitcoin. Always research the specific protocol's security audits.

Q: Is Solana the only chain for Bitcoin DeFi?
A: No. There are Bitcoin L2s like Stacks and Merlin Chain. However, Solana BTCFi is currently popular due to its superior speed and user experience.

Q: How do I revoke permissions on Solana?
A: You can use tools within your Phantom wallet or third-party sites like "Famous Fox Federation" to scan your wallet and revoke access from old smart contracts.

Despite the short-term price weakness, onchain data reveals that Solana’s fundamentals are quietly strengthening. From whale accumulation to shrinking exchange balances and a revival in network activity, several indicators suggest that SOL’s recent dip may be less of a breakdown and more of a strategic pause before a potential recovery.

Whales Treat the Dip as an Opportunity, Not a Warning

Large Solana holders have responded to the price pullback with renewed confidence rather than panic. Onchain data from Glassnode shows a steady rise in accumulation among addresses holding between 1,000 and 10,000 SOL since late November 2025. These wallets now collectively control roughly 48 million SOL, accounting for about 9% of the circulating supply.

Even more telling is the behavior of the largest holders. Addresses with balances exceeding 100,000 SOL have increased their holdings significantly since mid-November, now controlling approximately 362 million tokens. This represents nearly two-thirds of the total circulating supply and reflects a clear vote of confidence from long-term, high-capital participants.

Historically, this kind of accumulation during periods of price weakness has often preceded strong upside moves, particularly when driven by wallets that tend to operate on longer time horizons rather than short-term speculation.

Long-Term Holders Are Back in Accumulation Mode

Beyond whale wallets, long-term holders appear to be re-entering accumulation territory as well. The long-term holder net position change metric has remained firmly positive since the final week of December 2025, reaching a 15-month high of nearly 3.9 million SOL.

This shift suggests that investors who typically hold through market cycles are once again adding to their positions in anticipation of higher prices ahead. The last comparable surge in long-term accumulation occurred in October 2024, shortly before Solana staged a powerful rally that pushed prices nearly 100% higher over the following months.

While history never guarantees repetition, the similarity in onchain behavior is difficult to ignore.

Exchange Balances Hit Two-Year Lows, Easing Sell Pressure

Another critical piece of the puzzle lies in Solana’s exchange supply. Data from Glassnode indicates that the amount of SOL held on centralized exchanges has fallen sharply since late November. Exchange balances recently dropped to around 26 million SOL, levels last seen in early 2023.

When tokens move off exchanges, it generally signals a reduced intention to sell. Investors typically withdraw assets to cold storage or staking when they expect higher prices or plan to hold for longer periods. As a result, declining exchange balances often correlate with reduced sell-side pressure and improved conditions for price recovery.

In Solana’s case, the steady drawdown in exchange reserves adds weight to the argument that the current dip may be driven more by short-term market sentiment than by structural weakness.

Network Activity Reawakens After Months of Decline

Perhaps the strongest confirmation of Solana’s resilience comes from its rapidly improving network activity. Onchain metrics tracked by Nansen show that daily active addresses have surged by more than 50% over the past week, climbing to over five million — the highest level seen in six months.

Transaction activity has also rebounded sharply. Average daily transactions rose by roughly 20% during the same period, reaching nearly 78 million, a level not seen since mid-2025. This recovery highlights Solana’s continued appeal for decentralized applications, DeFi activity, and high-throughput use cases that rely on low fees and fast settlement.

Rising user engagement typically translates into stronger onchain demand for SOL, both for transaction fees and staking, reinforcing the network’s economic foundation.

Stablecoin Liquidity Surges to Record Levels

Adding another layer to the bullish onchain narrative is the explosive growth in Solana’s stablecoin supply. According to Token Terminal, the total stablecoin value on the network has climbed more than 15% in just one week, reaching an all-time high of approximately $15 billion.

This influx of stablecoins represents fresh liquidity entering the Solana ecosystem. More capital onchain means greater capacity for trading, lending, DeFi protocols, and application-level activity. Analysts have noted that rising stablecoin supply often precedes periods of heightened market activity, as capital positions itself in anticipation of future opportunities.

In practical terms, growing stablecoin balances enhance network utility, increase fee generation, and support broader adoption — all factors that tend to strengthen a blockchain’s native asset over time.

Price Weakness vs. Fundamental Strength

While SOL’s drop below $130 may have rattled short-term traders, the underlying data paints a far more constructive picture. Whale accumulation, long-term holder confidence, shrinking exchange supply, renewed network usage, and record-breaking stablecoin inflows all point to strengthening fundamentals rather than deterioration.

If these trends persist, Solana could be positioning itself for a meaningful rebound once broader market conditions stabilize. For now, the onchain signals suggest that the recent pullback may be less about loss of confidence and more about consolidation before the next decisive move.

In the evolving crypto market, price tells only part of the story — and Solana’s onchain data is quietly telling investors to keep watching closely.

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