other material
confidence high
sentiment neutral
materiality 0.60
21Shares Solana ETF adds Macquarie as AP with in-kind capability; plans quarterly staking reward distributions in 2026
21Shares Solana ETF
- Entered Authorized Participant Agreement with Macquarie Capital (USA) Inc. allowing in-kind creation and redemption of Baskets.
- Macquarie can create/redeem blocks of 10,000 shares; Sponsor charges a transaction fee per order unless waived.
- The ETF intends to pay cash distributions at least quarterly starting in 2026 from staking rewards earned on Solana held.
- Distribution amounts depend on staking rewards and cannot be predicted; no assurance of any payment in a given quarter.