Form 8-K

8-K — 21Shares Solana ETF

Accession: 0001213900-26-081840

Filed: 2026-07-27

Period: 2026-07-27

CIK: 0002028834

SIC: 6221 ()

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — ea0299146-8k_21sharessola.htm (Primary)

EX-99.1 — PRESS RELEASE (ea029914602ex99-1.htm)

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8-K — CURRENT REPORT

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0002028834

2026-07-27

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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): July 27, 2026

21SHARES

SOLANA 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

(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:

☐

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 Exchange Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Shares of Beneficial Interest

of 21Shares Solana 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 ☒

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

8.01 Other Events.

Sponsor

Fee Waiver

July 27, 2026, 21Shares US LLC (the “Sponsor”) agreed to voluntarily waive the sponsor fee it receives from 21Shares Solana

ETF (the “Trust”) as compensation for the Sponsor’s services rendered to the Trust for a period of one year beginning

on July 28, 2026 and ending on July 27, 2027.

Press

Release

July 27, 2026, the Trust issued a press release, attached hereto as Exhibit 99.1, announcing the fee waiver.

Item

9.01 Financial Statements and Exhibits.

99.1

Press Release.

104

Cover Page Interactive Data File (embedded within the

Inline XBRL document).

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: July 27, 2026

21SHARES SOLANA ETF

21Shares

US LLC, as Sponsor of 21Shares Solana ETF

By:

/s/

Duncan Moir

Name:

Duncan Moir

Title:

President

EX-99.1 — PRESS RELEASE

EX-99.1

Filename: ea029914602ex99-1.htm · Sequence: 2

Exhibit 99.1

21shares Introduces

1-Year Fee Waiver on 21shares Solana ETF (ticker: TSOL)

Investors in TSOL can

now benefit from a 0.00% sponsor fee for the next 12 months

NEW YORK – July 27, 2026 –

21shares, one of the world’s leading issuers of crypto exchange-traded products (ETPs), today announced a 12-month sponsor fee waiver

for its 21shares Solana ETF (TSOL). Effective from July 28, 2026, 21shares will reduce the sponsor fee on TSOL from 0.21% to 0.00% for

a period of one year.

The 21shares Solana ETF (TSOL) (referred

to as the “Trust”), is not registered under the Investment Company Act of 1940 (the “40 Act”) and therefore is

not subject to the same regulations and protections as 40 Act registered ETFs and mutual funds. Investing involves significant risk, including

possible loss of principal. An investment in the Trust is subject to a high degree of risk and heightened volatility and not suitable

for all investors. TSOL is not suitable for an investor who cannot afford the loss of the entire

investment. An investment in the Trust is not a direct investment in SOL.

The limited-time fee waiver is designed to

lower barriers to entry for both retail and institutional investors seeking exchange-traded exposure to Solana (SOL), one of the world’s

most active and rapidly growing blockchain ecosystems.

“21shares pioneered the world’s

first Solana exchange traded product in Europe in 2021. Since launching TSOL last year as part of our expanding U.S. ETF suite, our mission

has remained centered on delivering low-cost and accessible investment solutions,” said Duncan Moir, President at 21shares. “With

the introduction of a 0% sponsor fee for the next 12 months alongside native staking rewards, we are giving investors an opportunity to

gain exposure to Solana’s growing ecosystem while benefiting from 21shares’ long-established operational and custody infrastructure.”

Key highlights of the 21shares Solana ETF

(TSOL):

● 0.00% sponsor fee: for 12 months starting July 28, 2026, 21shares is waiving its sponsor fee on TSOL.

● Staking yield: TSOL captures on-chain

staking rewards generated by the Solana network (currently offering an estimated net staking

yield of ~4.29%1), allowing investors to earn potential yield on top of price

exposure.

● Direct exposure: designed to offer investors a direct, hassle-free way to participate in the price performance of Solana (SOL) without

managing private keys or crypto wallets.

● Institutional security: TSOL leverages industry-renowned custody partners to ensure the highest standards of asset segregation and

security.

For more information

about the 21shares Solana ETF (TSOL), please visitwww.21shares.com.

1 Data as of July 20, 2026: https://www.21shares.com/en-us/products-us/tsol.

The net staking rewards rate reflects the estimated annualized return on staked assets after deduction of applicable staking fees and

expenses. This rate is not reflective of overall Trust performance and is subject to change based on network conditions and the proportion

of assets deployed in staking. Past performance and net staking yield estimates are not indicative of future results.

About 21shares

21shares is one of the world’s leading cryptocurrency exchange

traded product (ETP) providers and offers one of the largest suites of crypto ETPs in the market. The company was founded to make cryptocurrency

more accessible to investors, and to bridge the gap between traditional finance and decentralized finance. 21shares listed the world’s

first physically-backed crypto ETP in 2018, building an eight-year track record of creating crypto ETPs that are listed on some of the

biggest, most liquid securities exchanges globally. Backed by a specialized research team, proprietary technology, and deep capital markets

expertise, 21shares delivers innovative, simple and cost-efficient investment solutions.

21shares is a subsidiary of FalconX, one of the world’s largest digital

asset prime brokers. 21shares maintains independent operations from FalconX while strategically leveraging the resources and reach of

FalconX to accelerate its mission and unlock new growth. For more information, please visit www.21shares.com.

Media Contact

Audrey Belloff: audrey.belloff@21Shares.com

Alethea Jadick: ajadick@sloanepr.com

Important Information

Investing involves significant risk, including

the possible loss of principal. There is no assurance that the Trust will generate a profit for investors.

Solana is a relatively new asset class,

and the market for these assets is subject to rapid changes and uncertainty. Solana is largely unregulated and this investment may be

more susceptible to fraud and manipulation than more regulated investments.

Must be preceded or accompanied by the

prospectus for TSOL (here).

The Trust participates in staking a portion

of its holdings in order to generate additional rewards. Staking involves committing assets to support the operations of a blockchain

and, in return, may provide rewards to the Trust. While staking can potentially enhance returns, it also introduces additional risks,

including operational, technological, regulatory, and counterparty risks. Staking Solana introduces several

risks, including the possibility of losing staked Solana through penalties, slashing, or inactivity leaks if validators behave poorly,

go offline, or violate protocol rules. Staked Solana can also be locked for long and unpredictable periods due to activation and exit

queues, creating liquidity constraints and making it harder to meet redemptions. Because staking depends heavily on third-party providers,

operational failures, outages, cybersecurity breaches, or mismanagement by these providers could lead to lost assets or reduced rewards.

Rewards themselves are uncertain and can fluctuate based on network conditions, validator performance, governance changes, commission

rates, and downtime. Additionally, staking may create conflicts of interest if operators are incentivized to stake more Solana than is

prudent, increasing liquidity risk.

Solana is subject to unique and substantial

risks, including significant price volatility, lack of liquidity, and theft. The value of an investment in the Trust could decline significantly

and without warning, including to zero. Solana is subject to rapid price swings, including as a result of actions and statements by influencers

and the media, changes in the supply of and demand for Solana, and other factors. There is no assurance that Solana will maintain its

value over the long-term.

Failure by the Trust’s custodian to

exercise due care in the safekeeping of the Trust’s Solana, as applicable, could result in a loss to the Trust. Investors cannot be assured

that a custodian will maintain adequate insurance with respect to the Solana, as applicable, held by the custodian on behalf of the Trust.

The Trust is not actively managed and will

not take any actions to take advantage, or mitigate the impacts, of volatility in the price of Solana, as applicable. An investment in

the Trust is not a direct investment in Solana. Investors will also forgo certain rights conferred by owning Solana directly. Shares of

the Trust are generally bought and sold at market price (not NAV) and are not individually redeemed from the Trust. Only Authorized Participants

may trade directly with the Trust and only large blocks of Shares called “creation units.” Your brokerage commissions will reduce

returns.

Shares in the Trust are not FDIC insured

and may lose value and have no bank guarantee.

The Marketing Agent for the Trust is Foreside

Global Services, LLC. 21Shares US LLC is the Sponsor to the Trust. 21Shares is not affiliated with Foreside Global Services, LLC. FalconX

is not affiliated with Foreside Global Services, LLC.

material may be reproduced in any form, or referred to in any other publication, without written permission.

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