I am very proud to announce the launch of JSOL, the world’s first 100% @jito ETP on Euronext. We’re proud to work with @21shares to provide European investors with exposure to @solana in a regulated, efficient and effective yield-enhanced wrapper. Why is this important? * Expanded access - JitoSOL has been mostly available on-chain, which can be inaccessible for many investors. JSOL now allows more choice, particularly for investors who can only hold regulated products or who have equities-only mandates * Optimised economics - liquid staking tokens offer economic exposure to underlying assets while being fully staked at all times, so yield is efficient while keeping costs low. Since no one needs to unstake their assets to transfer entitlements, they reduce transaction costs * Enhanced flexibility - because LSTs are freely tradeable, users don’t need to wait for unbonding times to monetize their positions. This also creates more flexibility for issuers, who have many more options on redemptions * Operational simplicity - JitoSOL acts as a total return product, so all yield accrues within the product itself. There’s no need for claims, paperwork or additional wallet infrastructure to receive the yield you’re entitled to * Heightened transparency - JitoSOL offers real-time and 24/7 price discovery on a wide variety of trading venues, so anyone can see the value of their holdings at all times. Staked SOL products are reliant on 3rd party off-chain payments, which can make holdings opaque on any given day * Tax and regulatory clarity - LSTs have already been acknowledged by regulators as “a new solution to an old problem”, and since they don’t involve payments that look like distributions, we believe they’re a more tax efficient vehicle (much like ETFs themselves!) * Network alignment - the decentralising distribution of JitoSOL stake means that as more SOL comes into JitoSOL, the network becomes more robust and resistant JSOL is just the start of a larger effort to provide enhanced investment products involving JitoSOL. This opens the door to even more innovation, including futures, options and structured products. We expect many more announcements this quarter, including progress on the @vaneck_us JitoSOL ETF filing in the US. globenewswire.com/news-relea… One more hard quarter!