21Shares Launches Solana Spot ETF on CBOE
Crypto asset manager 21Shares has introduced the 21Shares Solana ETF, ticker TSOL. It is listed on the Chicago Board Options Exchange (CBOE). The fund offers investors direct exposure to Solana’s spot price without buying the cryptocurrency.
At launch, TSOL had $100 million in assets under management (AUM), said Bloomberg ETF analyst Eric Balchunas. This fund expands 21Shares’ US crypto offerings and gives investors new access to the Solana blockchain.
Details and Comments from 21Shares
Federico Brokate, Global Head of Business Development at 21Shares, said TSOL lets US investors diversify through a top blockchain. He highlighted Solana’s efficiency and many real-world uses as key reasons to invest.
21Shares previously launched spot Solana exchange-traded products (ETPs) in Europe. The firm claims to manage the world’s largest Solana ETP with over $1 billion AUM as of November 14, 2025. CEO Russell Barlow said the company is excited to bring its experience to the US market.
Growing Competition in Solana Spot ETFs
- 21Shares is among several firms offering US spot Solana funds.
- Fidelity launched the FSOL fund just days before TSOL.
- Other issuers include Bitwise, VanEck, and Grayscale.
- These funds have seen combined net inflows of $420 million, per SoSoValue data.
- 21Shares also rolled out an Ethereum ETF (TETH) in July 2024 and a Bitcoin ETF (ARKB) in January 2024, with ARKB growing to $8 billion AUM.
