21Shares launched the Jito‑staked Solana ETP JSOL, listing the product on Euronext Amsterdam and Euronext Paris. The ETP combines price exposure to SOL with liquid staking via JitoSOL and MEV capture, creating a regulated, yield‑enhanced route to Solana for European investors.
The exchange-traded product trades under the ticker JSOL and is registered with ISIN CH1521714696. It is offered in two currency-denominated listings: JSOL NA in U.S. dollars and JSOL FP in euros. According to the issuer, the product is physically backed by JitoSOL, a liquid staking token that represents staked Solana (SOL) while remaining freely tradable on secondary markets.
The ETP carries a total expense ratio of 0.99% per year and officially launched on 29 January 2026. As of January 2026, reported staking yields for JitoSOL range between approximately 5.8% and 6.0% annually, reflecting prevailing network conditions on Solana and the performance of the underlying staking infrastructure.
A key feature of the product is its dual-source yield mechanism. Investors are exposed not only to standard Solana network staking rewards, but also to maximum extractable value (MEV) revenue captured through JitoSOL’s validator and block-building strategy. This additional revenue stream is designed to enhance overall yield compared with traditional single-source staking products.
Structurally, the ETP aims to bridge decentralised finance economics with a regulated exchange-traded format. By using a liquid staking wrapper, the product allows investors to maintain liquidity and tradability while still participating in on-chain reward generation. This approach positions the ETP as a hybrid instrument that combines DeFi yield dynamics with the accessibility and familiarity of traditional market infrastructure.
Risks, market context and implications
The issuer positioned the listing as a bridge between DeFi primitives and regulated capital markets, citing evolving European frameworks such as MiCA as a catalyst for institutional participation. The regulated Euronext listing removes some operational frictions of direct custody and staking, making Solana exposure accessible through standard brokerage accounts.
The ETP inherits SOL price volatility, variable staking yields and the possibility of slashing events; MEV income can also fluctuate with network activity. Solana had recently traded around $113–$116, underscoring that price moves can materially affect returns even when yield components are present.
For traders, treasuries and allocators, JSOL offers a packaged way to add yield‑enhanced SOL exposure without managing validators or private keys. The product could channel institutional flows into the Solana ecosystem via regulated wrappers, while preserving liquidity through the JitoSOL token.
Market participants should weigh the TER and the variable nature of staking and MEV revenue when assessing expected net returns.
