Mandy Chiu, Head of Financial Product Development at 21Shares, highlighted Solana's rapid evolution since its 2020 launch, emphasizing its essential transaction capabilities.

Founded in 2018, 21Shares has a proven track record of creating crypto ETPs that are listed on major securities exchanges worldwide.

By the end of 2024, Solana is projected to reach an all-time high in Total Value Locked (TVL) with $1.2 billion in new investments, reinforcing its status as a leading blockchain network.

CSOL is the fourth product in 21Shares' 'core' suite, following the 21Shares Bitcoin Core ETP, the 21Shares Ethereum Core Staking ETP, and the 21Shares Crypto Basket 10 Core ETP.

The CSOL product boasts a management fee of just 0.35% and is fully physically backed, allowing investors to benefit from staking rewards without locking their assets.

In 2024, the Solana network is expected to see net inflows of $1.2 billion, indicating strong investor confidence and anticipated growth.

Major companies like PayPal, Visa, and Shopify have integrated Solana-based payments, further solidifying its role in the traditional finance landscape.

21Shares has established itself as one of the largest issuers of crypto ETPs globally, aiming to enhance accessibility to cryptocurrency for investors.

On January 28, 2025, 21Shares AG launched the 21Shares Solana Core Staking ETP (CSOL) on the SIX Swiss Exchange, marking a significant expansion of its crypto exchange-traded products (ETPs).

As of late January 2025, the average staking yield for Solana is reported at 6.60%, which adds an attractive incentive for investors in CSOL.

The Solana blockchain is recognized for its high speed and low transaction costs, processing around 2,400 transactions per second at an average cost of less than $0.01.

Solana's decentralized exchange (DEX) trading volume surpassed $100 billion for the first time in late November, showcasing its growing market dominance.