🏦 WisdomTree Launches First Solana Physically-Backed ETP in Europe

In September 2024, global asset management leader WisdomTree announced the official launch of the Solana physically-backed ETP (Exchange Traded Product) on the Swiss SIX Exchange. This is the first exchange-traded product in the European market that directly holds SOL spot assets, marking Solana's formal entry into the mainstream compliant trading market in Europe.

WisdomTree currently manages over $100 billion in assets globally, and its innovative product structure provides a secure and transparent investment channel for Solana for European institutions and qualified investors.

Will Peck, WisdomTree's Head of Digital Assets, stated at the product launch that the ETP will adopt a fully spot collateral model, with all SOL assets properly custodied by compliant custodians. The product also supports on-chain staking functionality, expected to provide investors with an annualized additional return of 4%-6%. This ETP has been listed first on the Swiss SIX Exchange, and will subsequently be launched on major European trading platforms such as the Deutsche Börse and Euronext Paris, based on regulatory approval progress.

As one of the first traditional asset management firms to enter the digital asset space, WisdomTree has successively launched several digital asset ETP products including Bitcoin and Ethereum since 2021, with its custody and risk control systems having passed rigorous audits by EU financial regulators. The decision to choose SOL as the underlying asset for the new generation ETP is based on a comprehensive assessment of the maturity of Solana network technology, market liquidity, and the European regulatory environment.