Asset Manager 21Shares Launches 21Shares Solana ETF (TSOL) on CBOE

Asset management firm 21Shares has announced the launch of the 21Shares Solana exchange-traded fund (ETF), as TSOL on CBOE. The latest development gives investors direct exposure to SOL, one of the leading blockchain networks.

21Shares Debuts Solana ETF on CBOE

The digital asset manager noted that TSOL carries a total expense ratio of 0.21% and includes staking. This feature allows SOL holders to earn rewards by helping secure the blockchain network. By including staking in the ETF structure, the firm aims to enhance returns while still tracking Solana’s overall performance.

With TSOL, United States investors now have another regulated way to bring SOL into their portfolios. Interest in the Solana network has surged due to its role in stablecoin projects, cross-border payments, and various decentralized finance tools.

Developers have also embraced Solana, driving an 83% growth rate this year and using it to power new AI tools, peer-to-peer systems, and decentralized infrastructure products. Meanwhile, 21Shares is not the only asset manager that launched a Solana ETF. VanEck recently introduced its VanEck Solana ETF (VSOL).

Crypto ETF Adoption in the U.S. Sees Rapid Expansion

Federico Brokate, Global Head of Business Development at 21Shares, said the launch plays a significant role and reflects a turning point for the industry. He noted that crypto is becoming a lasting part of the financial system and that clearer regulatory frameworks are helping more investors access this market.

According to him, TSOL gives both retail and institutional investors a direct way to diversify their crypto exposure through one of the most active and efficient blockchains today. Brokate added that adoption of crypto ETFs in the U.S. has accelerated over the past year and believes this trend is only beginning. Furthermore, as traditional financial firms grow more comfortable with blockchain technology, he expects interest in crypto investment products to keep rising in the years ahead.

The new ETF comes after two other major crypto product launches in the U.S. this year. In July 2024, 21Shares introduced an Ethereum ETF (TETH), and earlier in January, the company partnered with ARK Invest to launch the ARK 21Shares Bitcoin ETF (ARKB). ARKB has already grown to more than $8 billion in assets under management, showing rising interest in regulated crypto investment vehicles.

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