Overview
- 21Shares launched TSOL on Cboe BZX as the sixth U.S. Solana ETF, setting a 0.21% fee and incorporating staking.
- Category assets totaled about $594 million before TSOL’s addition, with roughly $26–$30 million in net inflows reported on Nov. 18.
- Bitwise’s BSOL controls more than 80% of the segment with about $478 million in assets, while Grayscale sits near $100 million and newer funds remain smaller.
- Issuers are using fee waivers and staking incentives: VanEck is waiving its 0.30% sponsor fee and its validator’s fee until Feb. 17, 2026 or $1 billion in assets, and Fidelity is waiving management and staking fees until May 18, 2026.
- Staking is a common feature across the new products and passes net rewards to holders, even as SOL has traded around $129–$141 this week and remains over 20% lower month over month.