21shares Launches Solana ETF (TSOL) as the Latest Addition to its Growing U.S. Product Lineup

Core Insights - 21shares has launched the 21Shares Solana ETF (TSOL) on CBOE, providing U.S. investors with transparent exposure to Solana (SOL), a prominent blockchain network for various applications [1][3] - TSOL features a total expense ratio (TER) of 0.21% and incorporates staking to potentially enhance returns, allowing crypto holders to earn rewards by locking up their assets [1][3] - The launch of TSOL follows previous successful crypto ETP launches, including the 21Shares Ethereum ETF (TETH) and the ARK 21Shares Bitcoin ETF (ARKB), which collectively manage over $8 billion in assets [2] Company Overview - 21shares is recognized as one of the largest issuers of cryptocurrency exchange traded products (ETPs) globally, with a focus on making cryptocurrency accessible to investors [5][6] - The company has a track record of innovation in the crypto ETP space, having launched the world's first physically-backed crypto ETP in 2018 and managing the largest spot Solana ETP with over $1 billion in assets as of November 14, 2025 [3][5] - 21shares has partnered with FalconX to enhance its service offerings and expand its market reach, leveraging FalconX's position as a leading crypto prime brokerage [4][6] Market Context - The demand for Solana has surged due to its applications in stablecoin development, cross-border payments, and decentralized finance, with a reported growth rate of 83% in 2024 [3] - The regulatory landscape is evolving to support crypto ETPs, which is expected to drive further adoption and interest in the crypto asset class among traditional financial players [4] - The launch of TSOL is seen as a significant step in diversifying crypto exposure for U.S. investors, highlighting Solana's efficiency and real-world use cases [4]