21Shares Launches Sixth Solana Spot ETF Amid Rising Institutional Demand
Asset management firm 21Shares has officially launched its latest investment product targeting exposure, marking the arrival of the sixth spot platform-traded fund (ETF) focused on the blockchain network in the competitive U.S. market.
The 21Shares Solana ETF, trading under the ticker symbol TSOL on the Chicago Board Options platform (CBOE), went live on November 19 with a management fee of 0.21%, making it one of the most competitively priced options for investors viewking regulated access to the cryptocurrency.
Institutional Inflows Persist Despite Market Volatility
The launch comes amid an unprecedented period of institutional demand for Solana investment vehicles.
Market shows Solana ETFs have recorded 16 consecutive trading days of positive net inflows, a notable achievement given the broader cryptocurrency market is facing significant headwinds.
On November 18 alone, these investment products attracted $30.02 million in fresh capital, with Bitwise’s BSOL fund accounting for $23 million of that total. This sustained institutional interest contrasts with BTC and ETH spot ETFs, which have experienced outflows during the identical period.
21Shares manages the world’s largest spot Solana ETP, with over $1 billion in assets under management as of November 14, having first introduced a Solana product for European investors in 2021.
What makes the sustained inflows particularly noteworthy is their timing. Solana’s token price has declined more than 13% over the past week, yet institutional capital continues to flow into these products unabated.
This suggests investors are viewing current price levels as accumulation opportunities rather than warning signals, with confidence rooted in Solana’s technological capabilities and expanding use cases.
Solana has emerged as a leading blockchain, with its ecosystem recording $123.34 billion in cumulative decentralized platform (DEX) volume. In fact, daily DEX volume reached $3.14 billion in the past day alone, highlighting significant market interest.
Growing Competition Among Solana ETFs Signals Deepening Institutional Access
have both launched new spot Solana ETFs, broadening regulated access to SOL for traditional investors. Fidelity’s FSOL, listed on NYSE Arca, features a lean 0.25% management fee, offering a straightforward, cost‑efficient way to gain exposure.
Meanwhile, Canary Marinade’s SOLC, trading on Nasdaq, integrates staking via Marinade Finance—targeting yield-viewking investors with a higher 0.50% fee to account for the staking component.
At the identical time, , which waives its sponsor fee for the first $1 billion in assets (or until February 17, 2026) and also waives third-party staking fees during that period.
This aggressive pricing is designed to attract ahead institutional adopters, giving investors regulated exposure to Solana’s native token and staking rewards in a single, low-cost vehicle.
