The 21Shares Solana ETF (ticker: TSOL) is a U.S.-listed exchange-traded fund that gives investors regulated, exchange-traded exposure to Solana (SOL). The fund is listed on the Cboe BZX Exchange and seeks to track the performance of SOL as measured by the CME CF Solana-Dollar Reference Rate – New York Variant, adjusted for the fund’s expenses and other liabilities.
TSOL holds spot Solana tokens and may stake a portion of its holdings to capture on-chain staking rewards, which are reflected in the fund’s net asset value. The ETF charges a 0.21% management fee, positioning it among the lower-cost options in the growing U.S. Solana ETF market.
Coinbase Custody Trust Company and BitGo New York Trust Company serve as the primary digital-asset custodians for the fund’s SOL, while The Bank of New York Mellon provides fund administration, transfer-agency and cash-custody services.
TSOL launches into an increasingly competitive Solana ETF landscape, joining products from Bitwise, Grayscale, VanEck, Fidelity and others that collectively have drawn hundreds of millions of dollars in assets since the first U.S. spot Solana ETFs went live in late 2025.
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