21Shares Launches 1-Year Fee Waiver and Unveils Key Features for Solana ETF (TSOL)

Date: July 27, 2026
Ticker: TSOL
Location: New York

Key Report Highlights

• 1-Year Sponsor Fee Waiver: 21Shares is waiving the 0.21% sponsor fee on its Solana ETF (TSOL), reducing it to 0.00% for 12 months starting July 28, 2026. This move is designed to lower the cost of ownership for both retail and institutional investors.
• Staking Yield: The ETF captures Solana network staking rewards, currently offering an estimated net staking yield of approximately 4.29% (as of July 20, 2026), providing investors with potential yield in addition to price exposure.
• Direct Exchange-Traded Solana Exposure: TSOL offers investors a direct, hassle-free way to gain exposure to Solana’s price movements without the need to manage private keys or crypto wallets.
• Institutional-Grade Security: Assets are secured via industry-renowned custody partners, ensuring high standards for asset segregation and security.

Details and Implications for Investors

21Shares, a leading issuer of crypto exchange-traded products, continues its strategy to widen access to digital assets. By introducing a one-year fee waiver, 21Shares aims to make TSOL more attractive, especially compared to competing products with ongoing management fees. The move aligns with the company’s mission to deliver low-cost, accessible investment solutions, as emphasized by Duncan Moi, President at 21Shares.

The ETF’s staking component is particularly noteworthy. While the estimated net staking yield of 4.29% can enhance returns, it is subject to network conditions, validator performance, and can fluctuate over time. The ETF’s structure also leverages the operational and custody expertise of 21Shares, which has an eight-year track record in crypto ETPs and is a subsidiary of FalconX, a major digital asset prime broker.

Important Considerations and Risks for Shareholders

• Regulatory Status: The Trust is not registered under the Investment Company Act of 1940, meaning it is not subject to the same regulations and protections as traditional ETFs or mutual funds.
• High Risk and Volatility: Investing in TSOL involves significant risk, including possible loss of principal. Solana is a relatively new and largely unregulated asset class, subject to rapid changes, uncertainty, and potential for fraud or manipulation.
• Staking Risks: While staking can increase returns, it also introduces operational, technological, regulatory, and counterparty risks. Issues such as validator misbehavior, outages, or regulatory changes could result in staking losses (“slashing”), illiquidity, or reduced rewards.
• Liquidity Constraints: Staked Solana can be locked for unpredictable periods due to activation and exit queues, making it harder to meet redemptions if needed.
• Custodial Risk: Failure by the Trust’s custodian to safeguard assets could result in losses, and there is no assurance of adequate insurance coverage.
• Market Price and Redemption: Shares trade at market price, not NAV, and are not individually redeemable except in large creation units by authorized participants. Brokerage commissions will reduce investor returns.
• No Bank Guarantee: Shares are not FDIC insured and may lose value; there is no bank guarantee.
• Not a Direct Investment in Solana: Investing in the Trust is not the same as holding Solana directly, and investors forgo certain rights conferred by direct ownership.

Potential Share Price Impact

The announcement of a 0% sponsor fee for 12 months is a material development that could drive increased flows into TSOL, especially among cost-sensitive investors and institutions. The combination of zero sponsor fee and potential staking yield makes TSOL highly competitive versus other Solana investment vehicles. However, investors should remain cautious given the high risk and volatility associated with crypto assets, as well as the unique risks posed by staking and custody arrangements.

About 21Shares

21Shares is a leading provider of cryptocurrency ETPs, with a long track record of innovation in the digital asset space. The company operates independently as a subsidiary of FalconX, one of the world’s largest digital asset prime brokers, and leverages FalconX’s resources for strategic growth.

Contact Information

• Audrey Belloff: [email protected]
• Alethea Jadick: [email protected]
• More info: www.21shares.com

Disclaimer: Investing in cryptocurrencies and related products involves significant risk, including the risk of loss of principal. Past performance is not indicative of future results. This article is for informational purposes and does not constitute investment advice. Investors should review the official prospectus and consult with a financial advisor before making investment decisions.