---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-123314"
form_type: "8-K"
ticker: "TSOL"
cik: "0002028834"
company_name: "21Shares Solana ETF"
filed_at: "2025-12-18T23:59:59+00:00"
generated_at: "2026-05-16T12:48:50.833235+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# 21Shares Solana ETF adds Macquarie as AP with in-kind capability; plans quarterly staking reward distributions in 2026

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-123314
- form_type: 8-K
- ticker: TSOL
- cik: 0002028834
- company_name: 21Shares Solana ETF
- filed_at: 2025-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2028834/000121390025123314/0001213900-25-123314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2028834/000121390025123314/ea0270188-8k_21shares.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-123314
- JSON: https://secwatch.observer/filing/0001213900-25-123314.json
- Plain text: https://secwatch.observer/filing/0001213900-25-123314.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.