Core Insights - Solana ETFs experienced their first net outflows of $8.1 million, ending a 21-day accumulation streak [1] - The 21Shares Solana ETF, TSOL, was primarily responsible for the outflows, with over $34 million exiting in a single session [2] - Despite the setback, Solana ETFs ended the week with a net addition of nearly $103 million, bringing cumulative inflows to $613.22 million [4] Solana ETF Performance - TSOL has recorded total net outflows of $26 million since its launch, with current net assets at $86 million [2] - The Bitwise Solana Staking ETF, BSOL, led inflows with $13.33 million, raising its cumulative total to $527.79 million [3] - Grayscale Solana Trust added $10.42 million, while Fidelity's FSOL fund logged $2.51 million [3] Market Context - Solana ETF products now hold approximately 6.83 million SOL tokens valued at around $964 million, indicating sustained institutional demand [3] - November has generated $414.01 million in inflows for Solana ETFs, surpassing October's $199.21 million [4] - In contrast, newly launched XRP ETFs have not recorded any outflows, with a cumulative total of $643 million [5]

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]