21Shares Launches JitoSOL ETP on Euronext Amid Solana Market Volatility

VADODARA, January 29, 2026 — Crypto ETP issuer 21Shares has launched an exchange-traded product tracking JitoSOL, a Solana-based liquid staking token, according to a report by The Block. This daily crypto analysis examines the product's structure and its implications for Solana's market dynamics. The ETP trades under the ticker JSOL on Euronext exchanges in Paris and Amsterdam. It provides exposure to SOL's price while offering staking rewards and transaction revenue from Jito's infrastructure.

Investigation: The JitoSOL ETP Architecture and Market Entry

21Shares, a prominent crypto ETP issuer, launched the JitoSOL ETP on January 29, 2026. The product tracks JitoSOL, a liquid staking token on the Solana blockchain. According to The Block, JSOL combines price exposure to SOL with staking rewards and infrastructure revenue. It lists on Euronext's Paris and Amsterdam exchanges. This move targets European institutional investors seeking regulated crypto exposure. The launch occurs amid a broader trend of tokenization and ETP expansion in traditional finance.

Market Context & Historical Precedent

Historically, liquid staking token launches have boosted underlying blockchain activity. For Solana, JitoSOL's growth mirrors Ethereum's Lido stETH model. In contrast, Solana's proof-of-history consensus requires different staking mechanics. Underlying this trend is increasing institutional demand for yield-generating crypto assets. Consequently, 21Shares' entry follows similar products from competitors like CoinShares and VanEck. This development aligns with a surge in tokenization initiatives across financial markets, as seen in recent hires by firms like Securitize.

Technical Architecture & Price Action

Market structure suggests Solana faces headwinds despite the ETP launch. SOL currently trades at $122.73, down 3.31% in 24 hours. The Relative Strength Index (RSI) sits near 40, indicating neutral momentum. A critical Fibonacci retracement level at $118.50 (0.618 from recent highs) acts as support. If broken, it could trigger a deeper correction. On-chain data from Solscan shows increased staking activity, but network congestion remains a concern. The JitoSOL ETP may alleviate this by bundling staking operations.

By The Numbers

Why It Matters

This launch matters for Solana's institutional adoption. It provides a regulated vehicle for staking rewards, attracting conservative capital. , it enhances liquidity for JitoSOL, potentially reducing slippage in DeFi markets. On-chain data indicates that increased staking could improve network security. However, it also concentrates staking power among fewer validators. Market analysts note that similar ETPs for Bitcoin and Ethereum have driven price appreciation in past cycles. This product could mirror that effect for Solana.

Expert Commentary

The JitoSOL ETP represents a maturation of Solana's staking economy. By offering combined exposure to price and yield, 21Shares taps into growing demand for structured crypto products. This could stabilize SOL's volatility over time, as institutional flows provide a liquidity buffer.

— CoinMarketBuzz Intelligence Desk

Market Outlook & Price Scenarios

Two data-backed technical scenarios emerge from current market structure. First, a bullish scenario where SOL holds $118.50 and rallies toward $140. Second, a bearish scenario where breaking support leads to a test of $110. The 12-month outlook depends on ETP inflows and broader crypto sentiment. Institutional adoption of Solana-based products may accelerate, especially if regulatory clarity improves. Historical cycles suggest that new financial instruments often precede price rallies after initial volatility.

• Bullish Invalidation Level: $140 resistance. Breaking this confirms a trend reversal toward new highs.
• Bearish Invalidation Level: $118.50 Fibonacci support. Holding this maintains the current bullish structure.