21Shares to Roll Out Sixth Solana ETF as $26M Weekly Inflows Surge
21Shares is poised to launch its sixth Solana (SOL) exchange-traded fund following the filing of its final prospectus...
Quick overview
- 21Shares is set to launch its sixth Solana ETF after filing its final prospectus with the SEC, with a management fee of 0.21%.
- The SEC has approved the listing, allowing the ETF to begin trading upon approval.
- The U.S. Solana ETF market is expanding rapidly, with several asset managers introducing their own funds offering various fee structures and staking options.
- Despite a recent drop in Solana's price, ETFs focused on Solana continue to attract significant inflows, indicating growing investor confidence.
21Shares is poised to launch its sixth Solana (SOL) exchange-traded fund following the filing of its final prospectus with the U.S. Securities and Exchange Commission (SEC). The new fund, which carries a management fee of 0.21%, could begin trading immediately after approval.
The SEC has confirmed that Cboe has approved the listing and registration, paving the way for the ETF to launch. This launch follows 21Shares’ introduction of two crypto index funds last week, offering regulated exposure to Bitcoin, Ethereum, Solana, and Dogecoin—the first crypto index ETFs registered under the Investment Company Act of 1940.
U.S. SOL ETF Market Expands
The U.S. Solana ETF market has grown rapidly, with several asset managers entering the space:
- Fidelity Investments: Launched the Fidelity Solana Fund (FSOL) on NYSE Arca, charging a 0.25% management fee and a 15% staking reward fee.
- Canary Capital: Introduced the Canary Marinade Solana ETF (SOLC) on Nasdaq in partnership with Marinade Finance, which will serve as the sole staking provider for at least two years.
- VanEck: Launched the VSOL fund on November 17 with $7.32 million in initial assets and a no-fee structure until assets reach $1 billion, collaborating with SOL Strategies for staking.
With 21Shares’ new ETF, the U.S. market will have six Solana-focused ETFs, offering investors a range of staking strategies, fee models, and exposure options.
https://x.com/SolanaFloor/status/1990906021137522704?s=20/
SOL ETF Inflows Remain Resilient
Despite a 10% drop in Solana’s price over the past week, Solana ETFs are still managing to attract a lot of new capital . The biggest winner was Bitwise’s BSOL, which brought in $23 million . On November 18th it was a total of $26.2 million in net inflows which marked 15 days in a row that people were putting money in, while on the other hand people were taking it out of Bitcoin and Ethereum spot ETFs.
Its because investors see Solana ETFs as a way to get into the regulated market and also to get in on the staking action, and analysts are pointing to this as a sign that people are getting more and more confident that SOL and other crypto investments are going to be big in the long run – even if the short term is a bit unpredictable.
With 21Shares about to launch its sixth Solana ETF, the market is going to get a boost and US investors will finally get the chance to get in on the Solana action with a regulated investment
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