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**Bitwise Launches Its Third Staking ETP of 2024**
In a recent move, crypto investment firm Bitwise has launched its third staking ETP (Exchange-Traded Product) of the year, signaling growing interest in decentralized finance (DeFi) and staking opportunities. The new product will track the performance of a diversified basket of cryptocurrencies, including Solana (SOL), which has been the subject of regulatory uncertainty due to its unregistered status.
The development is significant as it highlights the increasing acceptance of ETPs tracking less traditional assets, such as altcoins like SOL. Although there is still regulatory uncertainty surrounding SOL, Bitwise’s move demonstrates the company’s commitment to providing investors with diversified exposure to various digital assets.
While staking has gained popularity in recent years due to attractive yields and increased adoption, it is essential for investors to understand that the crypto market remains inherently volatile. It is crucial for users to thoroughly research potential investment opportunities before committing capital.
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Source: u.today
