21Shares Solana ETF (TSOL)

Overview

The 21shares Solana ETF (TSOL or the Fund) is designed to track the performance of Solana (SOL), using the CME CF Solana-Dollar Reference Rate – New York Variant as a benchmark. This tracking is adjusted for the Fund’s expenses and other liabilities. The Fund aims to provide investors with exposure to spot SOL while also considering potential rewards from staking a portion of the Fund's SOL holdings. However, the Sponsor intends to engage in staking only when it is clear that such activities can be undertaken without incurring significant legal or regulatory risks.

Products and Services

• Solana Exposure:

  The Fund primarily offers exposure to Solana (SOL), allowing investors to participate in the growth and performance of one of the leading cryptocurrencies in the market.

• Performance Tracking:

  TSOL is designed to accurately track the performance of SOL based on the CME CF Solana-Dollar Reference Rate – New York Variant, ensuring that investors can monitor the Fund's successes against the market standards.

• Staking Rewards:

  By staking a portion of the Fund’s SOL, TSOL aims to generate additional income for investors, enhancing potential returns, provided that such activities are legally permissible.

• Expense Management:

  The Fund’s adjustments for expenses and other liabilities ensure that investors are aware of the operational costs involved in managing the ETF, allowing for clearer communication regarding value retention.

• Regulatory Compliance:

  Recognizing the evolving regulatory environment surrounding cryptocurrencies, the Sponsor commits to only taking actions that possess manageable legal and regulatory risk, prioritizing investor protection and confidence.