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TSOL

GradeBChicago Board Options Exchange

21Shares Solana ETF

Crypto · 21Shares · Inception 2025-11-18 · SEC filings

$11.15−0.37 (−3.20%)

As of Sep 23, 2026, 3:03 PM EDT

History starts Nov 19, 2025.History starts Nov 19, 2025.
Intraday session: down, 23 prints from 11.52 to 11.15. Range 11.06 to 11.52. Use the arrow keys to read each point.$11.30$11.40$11.5010 AM12 PM2 PM4 PM
Expense ratio
0.21%
Fund size
$10M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$11.53
52W range
low $6.16high $14.91

The ETF.net TSOL Grade

B

62/ 100

Rank 5 of 9 in Spot Solana⁠

Confidence Medium

Six-pillar profile for TSOL. Scores out of 100: Cost 54, Risk 62, Mission 100, Tradability 24, Holdings not scored, Durability 37. Strongest: Mission (100). Weakest: Tradability (24). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 54
    Category rank5/9 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank7/8 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 62
    Category rank5/8 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 24
    Category rank8/9 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 37
    Category rank7/9 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TSOL

ETF.net Research

BSpot Solana in a grantor trust, with part of the stack staked and the rewards paid out as cash rather than kept inside the fund. The SOL is split across three custodians instead of parked with one.

Stated mandate

The Trust seeks to provide exposure to Solana held by the Trust, net of operating expenses, and may seek additional Solana through staking.

Why people hold it

  1. 01Staking rewards are passed through as quarterly cash distributions, so the rewards show up in your account rather than staying inside the trust.stocktitan.net
  2. 02The 0.21% sponsor fee matches the going rate for spot Solana funds, and 21Shares cut it to 0.00% for a defined window running through July 27, 2027.globenewswire.com
  3. 03Custody is split across Anchorage Digital Bank, BitGo and Coinbase Custody, so no single vault holds the whole position.21shares.comcdn.21shares.com
  4. 04Plain wrapper: it holds actual SOL, not futures or swaps, and hands the private-key problem to regulated custodians.cdn.21shares.com

Worth knowing

  1. 01Small and thinly traded next to Solana funds like BSOL and GSOL, which typically means wider spreads and more care needed on limit orders.
  2. 02The fee waiver has an expiration date; the 0.21% sponsor fee resumes after July 27, 2027.globenewswire.com
  3. 03A grantor trust, not a 1940 Act fund, so the usual fund-law protections don't apply. It launched in late 2025, and SOL itself moves violently.21shares.com

TSOL Holdings

As of Sep 20, 2026, 6:36 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
SOLANA100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SOLANA100.00%82,910$9M6

Showing 1–1 of 1 holdings

TSOL Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TSOL$9,654
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. TSOL $9,654. SPY $11,430. Use the arrow keys to read each point.$4,598$8,510$12,423Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TSOL. Periods over one year show the average yearly return.
PeriodTSOL
Year to date−3.5%
1 month+30.3%
3 months+64.0%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TSOL
YearReturn barTSOL
2026 YTD−3.5%
2025−6.3%

History from Nov 19, 2025

TSOL in the news

ETF.net Research hasn’t filed on TSOL yet — coverage lands here as it’s written.

TSOL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Feb 13, 2026 $0.32; Mar 30, 2026 $0.02; Jun 29, 2026 $0.04. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.04
Mar 30, 2026Mar 31, 2026$0.02
Feb 13, 2026Feb 17, 2026$0.32

TSOL Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Nov 2025; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.64
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TSOL Cost

Expense ratio0.21%
  • The middle half of Spot Solana funds
  • Median 0.21%

4 of the 9 Spot Solana funds charge less.

TSOL costs $21.00 a year on $10,000. The median Spot Solana fund costs $21.00.