21Shares has launched a brand new exchange-traded product (ETP) monitoring Jupiter (JUP), the central liquidity hub of the Solana blockchain, on the SIX Swiss Alternate.
The itemizing, underneath ticker AJUP, gives institutional buyers in Europe with regulated publicity to a protocol that facilitates greater than 90% of commerce aggregation throughout Solana’s decentralized exchanges. The ETP carries a 2.5% payment and is out there in each US {dollars} and euros.
Jupiter has grown right into a key infrastructure layer inside Solana’s decentralized finance (DeFi) ecosystem, routing trades throughout greater than 20 decentralized exchanges and recording over $1 trillion in lifetime quantity. Jupiter has expanded into derivatives, automated buying and selling instruments, token launches, and liquid staking, with its JupSOL spinoff now rating amongst Solana’s largest staking merchandise.
The ETP additionally comes as Jupiter prepares for JupNet, an initiative to increase its liquidity companies past Solana by connecting a number of blockchains, wallets, and digital identities. 21Shares, which already manages over $11 billion throughout greater than 50 bodily backed crypto ETPs, described Jupiter as a cornerstone of Solana’s progress and an evolving cross-chain brokerage layer.
ETPs are regulated securities that commerce on conventional exchanges, giving buyers publicity to digital property with out requiring direct token custody.
