TSOL aims to provide investment results that reflect the price movements of Solana (SOL) plus additional SOL through staking rewards. The passively managed fund gains direct exposure to SOL by holding SOL and establishes its NAV with reference to the CME CF Solana-Dollar Reference Rate New York Variant. The fund seeks to benefit from staking, which refers to the protocols that ensure transactions are properly recorded on a blockchain. Owners of cryptocurrency, through a custodian, validate block transactions to ensure accuracy. Staked SOL serves as collateral that is locked in the network. In return, staking provides the fund with the opportunity to create and earn additional SOL. The fund intends to engage one or more third-party staking service providers for its staking activities. The choice of staking service providers is based on various factors, such as performance, reliability, reputation, uptime, and slashing history.
Sector: Commodity Contracts Brokers & Dealers
Industry: Asset Management
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based on 430,000 shares outstanding
US21shares Solana ETF (TSOL or the Fund) constitutes the Fund. TSOL seeks to track the performance of SOL, as measured by the CME CF Solana-Dollar Reference Rate – New York Variant, adjusted for the Fund’s expenses and other liabilities, and to reflect rewards from staking a portion of the Fund’s SOL, to the extent the Sponsor determines such activities can be conducted without undue legal or regulatory risk. The Fund maintains exposure to “spot” SOL.
Employees
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Country
US
Sector
Financial Services
Website
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based on 430,000 shares outstanding
US30d Avg
16.35K
60d Avg
15.37K
90d Avg
14.01K
