Business UpdateJul 7, 2026, 04:41 PM
21Shares Solana ETF Switches Benchmark Provider to FTSE
AI Summary
21Shares US LLC, the Sponsor of the 21Shares Solana ETF, has terminated its licensing agreement with CF Benchmarks Ltd., effective August 31, 2026. This agreement provided the CME CF Solana-Dollar Reference Rate used for valuing the Trust's shares and calculating its net asset value. The Sponsor plans to enter a new licensing agreement with FTSE International Limited around August 24, 2026, to provide similar index data services as part of a broader transition.
Key Highlights
- Sponsor terminated licensing agreement with CF Benchmarks Ltd.
- Termination of CF Benchmarks agreement effective August 31, 2026.
- CF Benchmarks provided CME CF Solana-Dollar Reference Rate for valuation.
- Sponsor intends to enter new licensing agreement with FTSE International Limited.
- FTSE agreement expected to commence around August 24, 2026.
- FTSE will provide index data for the Trust's valuation and NAV calculation.
Price Impact
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