Share this article
21Shares Launching World’s First Solana ETP on SIX Swiss Exchange
The exchange-traded product will track the performance of Solana’s native SOL token.
Updated May 9, 2023, 3:21 a.m. Published Jun 25, 2021, 7:00 p.m.
Switzerland-based investment product provider 21Shares is launching the world’s first Solana exchange-traded product (ETP). The vehicle, trading under the “ASOL” ticker, goes live on Tuesday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
21Shares, formerly known as Amun, said Friday the Solana ETP will list on Switzerland’s primary stock exchange, the Swiss SIX.
The Solana ecosystem is backed heavily by Sam Bankman-Fried, the CEO and founder of crypto derivatives exchange FTX and Alameda Research. SOL is currently the 14th-largest cryptocurrency with a market cap of nearly $8 billion, according to CoinGecko.
Solana Labs, the team building the Solana network, raised $314 million earlier this month in a token sale co-led by Andresseen Horowitz and Polychain Capital.
Read more: Solana Labs Raises $314M in Token Sale Led by A16z, Polychain
The 21Shares ETP will give investors exposure to the high-throughput Solana blockchain and track the performance of its SOL token with each unit of the ETP backed by 0.667 SOL at launch with a base fee of 2.5% per annum.
The Solana ETP structure is physically collateralized, segregated and replicates 1:1 the tracking of the crypto asset, 21Shares said.
ETPs go exotic
European regulators have been showing an increased willingness to list a wide range of cryptocurrency ETPs as the asset class grows in popularity. Due to increased demand, 21Shares launched ETPs for the native cryptocurrencies of the Stellar and Cardano blockchains in April.
21Shares said it has appointed Coinbase Custody as the SOL ETP’s main custodian.
“These new ETPs deliver what clients asked for,” 21Shares CEO Hany Rashwan said in a statement. “We expect to add two new crypto ETPs in the next months together with new listing and trading venues.”
The Solana ETP will also be available on the Stuttgart and Dusseldorf multilateral trading facilities (MTFs) in Germany.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
A16z-Backed Daylight Brings Electricity Markets Onchain with New DeFi Protocol
The DayFi protocol aims to turn electricity cash flows into a crypto-native yield product, bridging capital to new solar power installations.
What to know:
- Blockchain startup Daylight, backed by a16z and Framework ventures, has launched a new decentralized finance protocol on Ethereum to turn electricity into a yield-bearing crypto asset.
- DayFi aims to create capital markets for decentralized energy, addressing the rising power demand from data centers.
- The protocol uses a combination of GRID stablecoin and sGRID yield token to finance solar installations and return tokenized yields to investors.
Top Stories
