21Shares Launches New Solana Core Staking ETP on SIX Swiss Exchange
21Shares AG has launched the 21Shares Solana Core Staking ETP (CSOL) on the SIX Swiss Exchange. This new product provides investors with an affordable means to gain exposure to the Solana blockchain.
Key Features of CSOL
- Management fee set at 0.35%, making it a low-cost option.
- Offers staking rewards averaging 6.60%, automatically added to shares.
- Designed for ease of access without locking assets away.
The CSOL ETP adds to 21Shares’ existing crypto offerings, including Bitcoin Core ETP (CBTC) and Ethereum Core Staking ETP (ETHC).
Solana’s Market Position
- Solana processes 2,400 transactions per second at under $0.01.
- Decentralized exchange volume exceeded $100 billion in November.
- Projected Total Value Locked (TVL) expected to reach $1.2 billion by the end of 2024.
- Major companies like Visa, Shopify, and PayPal are adopting Solana-based payments.
- Institutional interest from firms like Franklin Templeton and Citibank is growing.
This launch follows 21Shares’ introduction of the Future of Crypto Index ETP (FUTR) for European customers. The company previously launched the first Solana ETP in 2021, reinforcing its commitment to accessible crypto investment products.