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21Shares’ Solana Spot ETF (TSOL) Approved and Begins Trading with Staking Feature

21Shares’ Solana Spot ETF (TSOL) Approved and Begins Trading with Staking Feature

Following SEC approval, 21Shares’ TSOL joins five other US Solana spot ETFs, contributing to growing inflows and total assets in the emerging crypto investment segment.

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Summary

21Shares’ Solana spot ETF (TSOL) received SEC approval and was listed on the CBOE, bringing US-listed Solana spot ETFs to six. On November 19, total inflows into Solana ETFs hit $55.61 million, led by Bitwise BSOL with $35.87 million. Combined assets across Solana ETFs now total $715 million, with historical inflows reaching $476 million.

Terms & Concepts
  • Solana spot ETF: An exchange-traded fund that directly holds Solana tokens, providing investors with exposure to the cryptocurrency’s market performance.
  • Staking: A blockchain process where users lock up tokens to support network operations and earn rewards in return.
  • TSOL: The ticker symbol for 21Shares' Solana spot ETF, representing the fund’s shares on the exchange.