Solana Staking ETP, sponsored by 21Shares is now live on the SIX Swiss Exchange.
21Shares AG, a leading name in the crypto exchange-traded product (ETP) space, has unveiled a new product to the financial market. According to its announcement, the company has launched the 21Shares Solana Core Staking ETP (CSOL) on the SIX Swiss Exchange.
What Makes CSOL Unique
This product will offer investors a simple and affordable way to access the Solana blockchain. Its launch highlights Solana’s potential and meets the rising demand for low-cost investment options in the crypto market.
The latest addition to the “core” suite of ETPs on the SIX Swiss Exchange joins other offerings. This includes Bitcoin Core ETP (CBTC), Ethereum Core Staking ETP (ETHC), and Crypto Basket 10 Core ETP (HOLDX).
With CSOL, 21Shares has created a simple way for investors to gain exposure to Solana’s native cryptocurrency, SOL. The ETP is designed to be affordable, with a management fee of 0.35%, making it one of the lowest-cost options available.
The added benefit of staking rewards sets this new digital asset investment apart. Solana’s network allows investors to earn extra income by staking their holdings. As of January 2025, these rewards averaged 6.60% and are automatically added to the investor’s share.
This boosts returns without requiring assets to be locked away. This feature makes CSOL an investment and a way to generate ongoing income. As reported by Coinspeaker, the firm introduced its 44th crypto ETP, the Future of Crypto Index ETP (FUTR), for European customers in late October.
This latest offering follows that launch, expanding their range of crypto products.
21Shares Leverages Solana’s Growth with New Product Launch
21Shares’ decision to launch a financial product to give exposure to Solana is due to the network’s remarkable advancements and increasing adoption. Since its launch in 2020, Solana has emerged as one of the most efficient blockchain networks, offering users fast transactions and low costs.
The network can process 2,400 transactions per second for under $0.01. This efficiency has attracted attention from both individual and big institutional investors. In late November, Coinspeaker reported that Solana’s decentralized exchange (DEX) volume hit a major milestone, crossing $100 billion for the first time.
This achievement further highlights its increasing dominance in the blockchain world. By the end of 2024, Solana is expected to reach an all-time high (ATH) in Total Value Locked (TVL), with $1.2 billion in new investments.
Solana’s reputation extends beyond crypto circles. Major companies like Visa and Shopify have added Solana-based crypto payments. Impressively, PayPal’s PYUSD stablecoin also runs on Solana with impressive transaction milestones.
In addition, institutions like Franklin Templeton and Citibank are showing confidence in Solana. This strengthens its role as a link between traditional and decentralized finance (DeFi). By launching CSOL, 21Shares is capitalizing on Solana’s rapid growth and expanding role in the crypto and financial sectors.
Notably, this is not 21Shares’ first foray into Solana’s ecosystem. In 2021, the firm launched the world’s first Solana ETP, setting a new standard for making crypto more accessible.
With CSOL, 21Shares continues to build on its legacy of creating financial products that meet the needs of today’s investors.
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