21Shares Launches Solana ETF With $100 Million in Assets

Ben Graham · Novembro 20

21Shares has just launched a spot Solana ETF under the ticker TSOL on the Chicago Board Options Exchange, marking a fresh surge in interest around Solana investment products. This move places 21Shares alongside other asset managers such as Fidelity, Bitwise, VanEck, and Canary Capital, each racing to provide regulated access to Solana (SOL) exposure.

The Details of TSOL

TSOL opened with approximately $100 million in assets under management, according to market analysts. The fund tracks the spot price of SOL, and it charges a management fee of 0.21 percent.

Huge congratulations to our U.S. team (@21shares_us) on the launch of $TSOL. A significant milestone for 21shares and an exciting step forward with the 21Shares Solana ETF now live. https://t.co/fU99rJkwWD

— 21shares (@21shares) November 19, 2025

With TSOL, 21Shares aims to give U.S. investors access to Solana’s ecosystem without the need to hold the cryptocurrency directly.

Why Solana Is Gaining Attention

Solana’s blockchain architecture, renowned for its high throughput, has become a preferred choice for decentralized finance, stablecoins, gaming applications, and identity systems. As investors seek alternatives to Bitcoin and Ethereum, Solana has emerged as an appealing target. Despite some broader market softness, inflows into funds tied to Solana have remained strong, with one recent day showing $26.2 million of net new investment.

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The ETF Field Gets Crowded

Although TSOL is new, it enters a market that’s already active. It is reportedly the sixth U.S.-listed spot fund for Solana. For example, Bitwise’s BSOL fund has already gathered more than $420 million in early inflows.

Meanwhile, Fidelity’s FSOL debuted just days earlier with a fee of 0.25 percent and the added feature of staking rewards. With multiple products competing on fees, features, and issuer credibility, the battle for Solana ETF dominance is clearly underway.

What to Watch as These Funds Develop

Beyond the launch announcements, what really matters is how investors use these funds in practice. Key metrics to monitor include the amount of capital flowing into the various Solana spot products over the next few months, the integration of tokenized SOL exposure into broader portfolios, and whether staking-enabled funds outperform those without staking. Investors will also want to keep an eye on liquidity in the underlying Solana token, fee structures, and how staking yield mechanics are handled.

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What This Means for Investors and Crypto Markets

For both retail and institutional investors, the arrival of multiple Solana spot ETFs offers a simpler doorway into the Solana ecosystem via familiar securities structures. Instead of managing wallets or navigating crypto exchanges, they can access Solana through brokerage accounts. On the broader market level, this proliferation of Solana products strengthens the token’s status and nudges institutional legitimacy for network-specific token funds upward.

Final Thoughts

With the launch of TSOL by 21Shares, Solana has taken another step toward becoming a recognized asset class in its own right. As the ETF race intensifies, how these products perform, how investors respond, and how asset managers compete will help shape the next chapter of crypto investment vehicles.

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Key Takeaways

21Shares launched its spot Solana ETF (TSOL) with around $100 million in assets, joining other major asset managers in the growing SOL ETF market.

TSOL tracks the spot price of Solana and charges a 0.21% management fee, giving U.S. investors exposure without

needing to hold the token directly.

Solana’s popularity in DeFi, gaming,

and stablecoins is driving strong demand, with inflows like $26.2 million in a single day showing investor interest.

With Bitwise, Fidelity, and others already in the space, Solana ETFs are now competing on fees, features like staking, and fund performance.

The rise of multiple SOL ETFs offers a simple way for institutions and retail investors to gain exposure, while boosting Solana’s legitimacy in traditional finance.

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