21Shares Launches TSOL Solana ETF With Staking and Low Fees

• 21Shares launches low-fee TSOL ETF, boosting U.S. access to Solana with staking rewards.
• Solana ETF demand rises as inflows push sector AUM to $2B despite market downturn.
• FalconX partnership strengthens 21Shares’ global expansion amid growing regulatory clarity.

One of the world’s largest issuers of cryptocurrency exchange-traded products, 21Shares, has launched its Solana ETF on the Chicago Board Options Exchange under the ticker symbol TSOL. This new product provides direct exposure to Solana’s ecosystem to U.S. investors. The ETF uses staking capabilities, enhancing the potential returns and tracking the performance of SOL.

The launch of the new product is followed by earlier launches, the ARK 21Shares Bitcoin ETF, and the 21Shares Ethereum ETF. TSOL is offering a low total expense ratio of only 0.21%. According to the press release, the staking rewards will support the network’s operation and provide investors with returns.

According to Russell Barlow, CEO of 21Shares, the firm has been at the forefront of crypto ETF innovation globally since 2018. He pointed out that 21Shares already operates the largest Solana ETP in Europe, with assets exceeding $1 billion.

Solana ETF Gains Popularity Among Investors

TSOLs’ launch puts 21Shares in a competitive Solana ETF suite alongside other industry giants, including Fidelity, Bitwise, Grayscale, and Canary Capital. Bitwise received inflows of $23 million on Tuesday, which indicates high investor demand.

The launch coincides with an increasing level of regulatory transparency and clarity in the U.S., which opens up more opportunities for crypto exposure. Federico Brokate, Global Head of Business Development at 21Shares, stated that such shifts will contribute to the future of the financial system through cryptocurrency.

Solana’s uniqueness lies in its extensive applications, including gaming, identity protection, stablecoins, and cross-border payments, which set it apart. In 2024, the number of developers grew by 83%, making it a top platform for using AI-driven tools and decentralized finance.

Solana ETFs have continued to draw inflows, and according to Bloomberg analyst Eric Balchunas, assets under management have reached $2 billion. Interest in Solana is strong despite market uncertainty.

21Shares Partners with FalconX to Accelerate Growth

As part of its future expansion, 21Shares has collaborated with FalconX. This collaboration creates a comprehensive crypto platform comprising brokerage, investment tools, and liquidity services. The partnership is expected to support 21Shares’ scaling of operations in North America, Europe, and Latin America.

The crypto-friendly policy adopted by the Trump administration has been a primary reason behind the surge in crypto ETFs by firms. The latest additions include funds for Litecoin, HBAR, and Solana, with the Dogecoin ETF expected to be launched soon.

The firm continues to experience a steady increase in the demand for investments powered by blockchain. Brokate pointed out the long-term potential as traditional players in finance gradually gain more knowledge about crypto technology. 21Shares considers that the market is still in the early stages of its adoption cycle.

The ETF launch coincides with a period of macroeconomic uncertainty, including a recent 43-day government shutdown. Furthermore, the crypto market has lost over $1 trillion of its overall market cap and currently stands at around $3.10 trillion.

Solana’s native token, SOL, has been in a downward trend recently, declining by over 10% in the last week. The altcoin is trading at $ 135 with a market cap of $74 billion and a trading volume of $5.2 billion, respectively.