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21Shares Solana ETF sets 2026 switch to FTSE index

21Shares Solana Staking ETF (TSOL) reports several governance and operational changes.

(Neutral)
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

21Shares Solana Staking ETF (TSOL) reports several governance and operational changes. 21Shares US LLC, as Sponsor, entered into a Benchmark Licensing Agreement with FTSE International Limited under which FTSE will provide the FTSE Solana Index as the new pricing benchmark.

Beginning August 27, 2026, the Trust will value its Shares and calculate net asset value by reference to this FTSE Solana Index instead of the CME CF Solana-Dollar Reference Rate – New York Variant. The Trust and Sponsor also amended the Sponsor Agreement so the Sponsor Fee remains payable in SOL but is paid at least quarterly in arrears rather than weekly. In addition, the Trust’s name was changed from “21Shares Solana ETF” to “21Shares Solana Staking ETF,” and a Second Amended and Restated Trust Agreement was executed to reflect the new benchmark, fee timing, name change, and other ministerial and technical revisions that are stated not to materially impact the rights of the Trust or its shareholders.

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Benchmark change effective date August 27, 2026 Date TSOL begins using the FTSE Solana Index to value Shares and calculate NAV
Benchmark Licensing Agreement date August 20, 2026 Date Sponsor entered into Benchmark Licensing Agreement with FTSE International Limited
Benchmark license initial term 1 year Initial term of FTSE benchmark license before automatic one-year renewals
Certificate of Amendment filing date August 25, 2026 Date Trust filed amendment changing name to 21Shares Solana Staking ETF
Trust Agreement date August 26, 2026 Date of Second Amended and Restated Trust Agreement between Sponsor and Trustee
Sponsor Fee payment frequency At least quarterly in arrears Revised timing for Sponsor Fee payments, previously weekly in arrears
Benchmark Licensing Agreement financial
"entered into a licensing agreement (the “<b>Benchmark Licensing Agreement</b>”) with FTSE"
FTSE Solana Index financial
"use the <b>FTSE Solana Index</b> (the “Pricing Benchmark”) to develop, create"
Pricing Benchmark financial
"use the FTSE Solana Index (the “<b>Pricing Benchmark</b>”) to develop, create"
Sponsor Fee financial
"timing of payment of the sponsor fee the Sponsor receives from the Trust (the “<b>Sponsor Fee</b>”)"
Second Amended and Restated Trust Agreement regulatory
"entered into a <b>Second Amended and Restated Trust Agreement</b> (the “Trust Agreement”)"
Certificate of Amendment regulatory
"caused a <b>Certificate of Amendment</b> to the Trust’s Certificate of Trust to be filed"
A certificate of amendment is an official filing that updates a company’s founding documents—its legal “rulebook” that sets share structure, voting rules, name and basic purpose. Think of it like changing the blueprint of a building: small changes are paperwork, big ones can alter who owns how much and who controls decisions. Investors watch these filings because they can affect share counts, voting power, dilution and company value.

FAQ

What benchmark will TSOL use to value its shares going forward?

TSOL will use the FTSE Solana Index as its pricing benchmark. Starting August 27, 2026, the Trust will value its Shares and calculate net asset value using this index instead of the CME CF Solana-Dollar Reference Rate – New York Variant.

When does TSOL switch from the CME CF Solana reference rate to the FTSE Solana Index?

The switch occurs on August 27, 2026, when the Trust begins valuing its Shares and calculating net asset value by reference to the FTSE Solana Index instead of the CME CF Solana-Dollar Reference Rate – New York Variant.

How did the Sponsor Fee payment terms change for TSOL?

The Sponsor Fee remains payable in SOL, but its timing changed from being paid weekly in arrears to being paid at least quarterly in arrears, as set out in Amendment No. 1 to the Sponsor Agreement.

What is the new official name of TSOL?

The Trust’s name changed from “21Shares Solana ETF” to “21Shares Solana Staking ETF”. This change was effected through a Certificate of Amendment to the Trust’s Certificate of Trust filed in Delaware on August 25, 2026.

Does the new Trust Agreement for TSOL affect shareholder rights?

The Second Amended and Restated Trust Agreement is stated to include changes for the new FTSE Solana Index, Sponsor Fee timing, and name change, plus other revisions, none of which materially impact the rights of the Trust or holders of Shares.

Who is FTSE in TSOL’s new benchmark arrangement?

FTSE International Limited is the Benchmark Provider under the Benchmark Licensing Agreement. It is incorporated in England, has principal offices in London, is experienced in digital asset indices, and is unaffiliated with the Sponsor.

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Learn about SEC filing dates

Filed pursuant to Rule 424(b)(3)

Registration No. 333-280557

 

21SHARES SOLANA STAKING ETF

SUPPLEMENT NO. 9 DATED AUGUST 26, 2026

TO THE PROSPECTUS DATED NOVEMBER 18, 2025

 

This prospectus supplement (this “Supplement”) is part of and should be read in conjunction with the prospectus of 21Shares Solana Staking ETF (the “Trust”), dated November 18, 2025 (the “Prospectus”). Unless otherwise defined herein, capitalized terms used in this Supplement shall have the same meanings as in the Prospectus.

 

The purpose of this Supplement is to include the Trust’s Current Report on Form 8-K filed on August 26, 2026.

 

Current Report on Form 8-K

 

On August 26, 2026, the Trust filed its Current Report on Form 8-K (the “Report”) with the Securities and Exchange Commission. The Report (without exhibits) is attached to this Supplement.

 

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 20, 2026

 

21SHARES SOLANA STAKING ETF

(Exact name of registrant as specified in its charter)

 

Delaware   001-42904   39-6900299
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

158 W. 27th Street    
New York, New York   10001
(Address of principal executive offices)   (zip code)

 

Registrant’s telephone number, including area code: (646) 370-6016

 

21Shares Solana ETF

(Former Name or Former Address, if Changed Since Last Report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Shares of Beneficial Interest of 21Shares Solana Staking ETF   TSOL   Cboe BZX Exchange, Inc.

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

Benchmark Licensing Agreement

 

On August 20, 2026, 21Shares US LLC (the “Sponsor”) entered into a licensing agreement (the “Benchmark Licensing Agreement”) with FTSE International Limited (“FTSE” or the “Benchmark Provider”). Entry into the Benchmark Licensing Agreement follows the Sponsor’s notice, provided on June 30, 2026 and previously disclosed, of the termination, effective August 31, 2026, of the Sponsor’s licensing agreement with CF Benchmarks Ltd. relating to the use of the CME CF Solana-Dollar Reference Rate - New York Variant. Pursuant to the Benchmark Licensing Agreement, FTSE will provide each of the Sponsor, 21Shares Solana Staking ETF (the “Trust”), and their affiliates a non-exclusive, non-transferable, non-sub-licensable, worldwide license to access, view and use the FTSE Solana Index (the “Pricing Benchmark”) to develop, create, calculate, settle, maintain or support and market the Trust. Beginning August 27, 2026, the Trust will value its shares of beneficial interest (“Shares”) and calculate its net asset value by reference to the Pricing Benchmark in place of the CME CF Solana-Dollar Reference Rate - New York Variant. Such license is expected to have a one-year initial term and will automatically be renewed for successive one-year periods, unless terminated pursuant to its terms.

 

FTSE is a company incorporated and registered in England, and its principal offices are located at 10 Paternoster Square, London, EC4M 7LS, United Kingdom. FTSE is experienced in calculating and administering digital asset indices. FTSE is unaffiliated with the Sponsor.

 

Amendment No. 1 to the Sponsor Agreement

 

On August 26, 2026, the Trust entered into Amendment No. 1 to the Sponsor Agreement, by and between the Trust and the Sponsor (“Amendment No. 1 to the Sponsor Agreement”), to change the timing of payment of the sponsor fee the Sponsor receives from the Trust as compensation for the Sponsor’s services rendered to the Trust (the “Sponsor Fee”) from weekly in arrears to at least quarterly in arrears, in each case payable in SOL.

 

The foregoing descriptions of the Benchmark Licensing Agreement and Amendment No. 1 to the Sponsor Agreement are summaries, do not purport to be complete, and are qualified in their entirety by reference to the full text of the Benchmark Licensing Agreement and Amendment No. 1 to the Sponsor Agreement, copies of which are filed as Exhibits 10.1 and 10.2 hereto, respectively, and are incorporated by reference herein.

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On August 25, 2026, the Sponsor caused a Certificate of Amendment to the Trust’s Certificate of Trust to be filed with the Secretary of State of the State of Delaware in order to change the name of the Trust from “21Shares Solana ETF” to “21Shares Solana Staking ETF”. In addition, on August 26, 2026, the Sponsor and CSC Delaware Trust Company, the Trustee of the Trust, entered into a Second Amended and Restated Trust Agreement (the “Trust Agreement”). The Trust Agreement made changes to the Amended and Restated Trust Agreement to reflect (i) the Trust’s use of the FTSE Solana Index in place of the CME CF Solana-Dollar Reference Rate - New York Variant, (ii) the change in timing of payment of the Sponsor Fee, (iii) the change in the Trust’s name and (iv) various other ministerial, technical, conforming and clarifying revisions, none of which materially impact the rights of the Trust or holders of Shares. A copy of the Certificate of Amendment to the Trust’s Certificate of Trust and a copy of the Trust Agreement are filed as Exhibits 3.1 and 3.2 hereto, respectively.

 

Item 9.01 Financial Statements and Exhibits.

 

3.1   Certificate of Amendment to the Certificate of Trust.
3.2   Second Amended and Restated Trust Agreement, dated as of August 26, 2026.
10.1†   Benchmark Licensing Agreement, dated as of August 20, 2026, between the Sponsor and FTSE.
10.2   Amendment No. 1  to the Sponsor Agreement, dated as of August 26, 2026, between the Trust and the Sponsor.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

Certain portions of this exhibit have been omitted in accordance with Item 601(b)(10)(iv) of Regulation S-K because the omitted information is (i) not material and (ii) the registrant customarily and actually treats that information as private or confidential. The registrant agrees to furnish supplementally an unredacted copy of the exhibit to the Securities and Exchange Comission upon its request.

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: August 26, 2026 21SHARES SOLANA STAKING ETF
   
  21Shares US LLC, as Sponsor of 21Shares Solana Staking ETF
   
  By: /s/ Duncan Moir
  Name:  Duncan Moir
  Title:  President

 

 

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