Solana (SOL) Price: 21shares ETF Launches With $100 Million in Opening Day Assets

TLDR

• 21shares launched its Solana ETF (TSOL) on Wednesday with $100 million in assets under management and a 21 basis point fee
• Solana ETFs as a group have attracted over $2 billion in total inflows with consistent daily inflows despite market fear
• VanEck’s VSOL ETF also launched this week, joining earlier offerings from Bitwise and Grayscale that have seen no net outflow days
• SOL price has dropped approximately 14% over the past seven days despite the new ETF launches during a broader market downturn
• Fidelity entered the space with FSOL, becoming the first traditional asset manager outside digital-native firms to offer a Solana product

21shares launched its spot Solana ETF on Wednesday under the ticker TSOL. The fund opened with over $100 million in assets under management.

TSOL charges a fee of 21 basis points. The ETF holds spot SOL tokens and will stake its holdings to secure the blockchain network and earn rewards.

The launch makes TSOL the fifth Solana ETF offering in the United States. Senior Bloomberg ETF analyst Eric Balchunas shared the news on social media.

VanEck also launched its Solana ETF this week on Monday. The VanEck fund trades under the ticker VSOL and also includes staking rewards.

Fidelity entered the market with FSOL. The company became the first traditional asset manager outside of digital-native firms to offer a Solana product.

Canary Capital launched SOLC with staking enabled. These new products join earlier offerings from Bitwise and Grayscale.

Strong Inflows Despite Price Drop

Solana ETFs as a group have now attracted over $2 billion in total inflows. The products have recorded inflows on basically every trading day.

Bitwise’s BSOL launched in October and attracted nearly $500 million in net inflows during its first three weeks. Chief investment officer Matt Hougan called it one of the most successful ETF launches in history.

Both Bitwise and Grayscale products have not recorded a single day of net outflows. This happened despite broader bearish market sentiment.

The consistent inflows come during a period of extreme fear in crypto markets. Bloomberg analyst Balchunas noted this contrast in his analysis.

Price Performance During Launch Week

The price of SOL has decreased by approximately 14% over the last seven days. This decline happened during the same period as the new ETF launches.

The price drop reflects a broader market downturn in October and November. Data from CoinMarketCap shows the decrease across the week.

secondSwap CEO Kanny Lee offered caution about the heavy flows. He told Decrypt the flows could be misleading due to the novelty of staking yields.

Lee said the real signal will come early next year. The test will be whether ETFs maintain sticky allocators once initial hype wears off.

Wall Street Predictions

JP Morgan analysts made forecasts about Solana ETFs in January. They predicted the products would attract billions of dollars to SOL.

The analysts also said SOL and XRP ETF price performance could overshadow Ether ETF performance. They made this prediction for the first six months after U.S. debut.

Matt Hougan suggested 2026 could bring over 100 new altcoin ETF vehicles. He said this could attract fresh capital flows to the sector.

The launches represent increased accessibility for institutional investors. They also signal mainstream acceptance of Solana as an investment product beyond Bitcoin and Ethereum.

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