21Shares launches Solana Core Staking ETP
21Shares launches Solana Core Staking ETP on SIX Swiss Exchange.
21Shares AG, a leading issuer of crypto exchange-traded products (ETPs), has announced the launch of the 21Shares Solana Core Staking ETP (CSOL) on the SIX Swiss Exchange.
This marks the fourth addition to 21Shares’ “core” suite, joining the Bitcoin Core ETP (CBTC), Ethereum Core Staking ETP (ETHC), and Crypto Basket 10 Core ETP (HOLDX). These products provide investors with exposure to cutting-edge blockchain technologies at competitive fees, reports GlobeNewswire.
With a management fee of just 0.35%, CSOL offers affordable exposure to Solana, one of the fastest-growing blockchain networks. The product is 100% physically backed and integrates staking rewards directly into the investor’s coin entitlement. As of January 23, 2025, Solana’s staking yield averaged 6.60%, adding an attractive income stream to the investment without locking assets.
Solana’s Momentum in Blockchain and Traditional Finance
Solana has established itself as a leader in blockchain innovation, known for its high-speed performance and cost efficiency. With transaction fees under $0.01 and an average throughput of 2,400 transactions per second, the network is set to reach an all-time high in Total Locked Value (TLV) by 2025, with $1.2 billion in net inflows projected for 2024.
Its adoption in traditional finance further highlights its potential. PayPal’s PYUSD stablecoin, processed on Solana, reached $13 billion in transactions, while major partnerships with Visa and Shopify have enabled crypto payments. Institutional players like Franklin Templeton and Citibank have also embraced Solana, signaling its growing role as a bridge between traditional and decentralized finance.
“Solana emerged as a clear solution to outdated blockchain technologies. Its speed and cost efficiency make it essential for modern transactions,” said Mandy Chiu, Head of Financial Product Development at 21Shares.
Pioneering Crypto Accessibility
Since its founding in 2018, 21Shares has been at the forefront of bridging traditional and decentralized finance. The firm launched the world’s first physically-backed crypto ETP and continues to provide innovative investment products globally.
With the launch of CSOL, 21Shares reaffirms its commitment to offering investors cost-effective and innovative ways to access the rapidly evolving crypto ecosystem, cementing Solana’s role as a critical player in shaping the future of finance.
Recently we wrote, that Virtuals Protocol, a decentralized platform enabling the creation, co-ownership, and monetization of AI agents, has announced its launch on the Solana blockchain.
