21Shares launches Solana spot ETF today… AUM USD 100 million

JOON HYOUNG LEE

Summary

Swiss-based 21Shares announced it is launching a Solana (SOL) spot ETF today.
The ETF's assets under management (AUM) will start at USD 100 million, and Solana ETFs have recorded total inflows of USD 2 billion to date.
The U.S. Solana spot ETF, launched at the end of last month, has had daily net inflows and reported cumulative net inflows of USD 420 million.

Swiss-based cryptocurrency exchange-traded product (ETP) issuer 21Shares is launching a Solana (SOL) spot exchange-traded fund (ETF).

Eric Balchunas, Bloomberg ETF analyst, said on X on the 19th (local time), "21Shares is launching the Solana spot ETF 'TSOL' today," and added, "Assets under management (AUM) will start at USD 100 million (approx. KRW 150 billion)." He said, "Solana ETFs have recorded total inflows of USD 2 billion to date," and "It is impressive that there have been net inflows almost every day despite the recent 'extreme fear' sentiment."

In fact, the U.S. Solana spot ETF, first launched at the end of last month, has continued daily net inflows. According to on-chain analytics firm SoSoValue, the Solana spot ETF recorded net inflows every single day from the 28th of last month through the previous day (18th). The cumulative net inflows were USD 420 million (approx. KRW 620 billion) as of that date.

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