Data as of .
BSOL vs TSOL: which tracked its coin?
Over the window both share, BSOL finished 1.9 percentage points ahead of Solana and TSOL 0.19 ahead.
ETFIQ Coin Capture Score: TSOL scores higher
How much of what holding the coin gave did a holder of the fund keep?
A percentile among the 28 spot crypto ETPs listed less than a year. It is a position in a set, not a rating, and neither end of it is a recommendation. All crypto ETFs ranked by it · How it is computed
The same coin, two trusts
BSOL and TSOL hold the same asset. Both are 1933 Act trusts holding Solana through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. Over the days each has traded, BSOL finished 4.1% ahead of Solana once both returns are compounded and TSOL 4.4% ahead once both returns are compounded, but the two windows are not the same days, so neither figure is set against the other here. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one figure.
Performance, window by window
| Window | Total return | The coin over the same days | Difference, percentage points | |||
|---|---|---|---|---|---|---|
| BSOL | TSOL | BSOL | TSOL | BSOL | TSOL | |
| 1 month | +35.4% | +35.4% | +35.6% | +35.6% | −0.1 pts | −0.2 pts |
| 3 months | +55.0% | +54.3% | +53.4% | +53.4% | +1.6 pts | +0.9 pts |
| 6 months | +18.1% | +16.3% | +16.1% | +16.1% | +1.9 pts | +0.2 pts |
| Since each listed | −45.1% | −21.9% | −47.3% | −25.2% | +4.1% of its growth | +4.4% of its growth |
| BSOL Bitwise Solana Staking ETF Holds Solana through a custodian, listed Oct 28, 2025 | TSOL 21Shares Solana Staking ETF Holds Solana through a custodian, listed Nov 19, 2025 | |
|---|---|---|
| Sponsor | Bitwise | 21Shares |
| Holds | Solana | Solana |
| Net assets | $592m, balance sheet of Jun 30, 2026 | $3m, balance sheet of Jun 30, 2026 |
| Sponsor’s fee | 0.20% | 0.21% |
| Fee waiver | the whole fee, until January 27, 2026 | none |
| Staking | the filings say it does | the filings say it does |
| Listed | Oct 28, 2025 | Nov 19, 2025 |
| Days since listing | 318 days | 296 days |
| Days it has traded | 219 | 203 |
| Days it closed unchanged | 2 | 1 |
| Quoted | on an exchange, every trading day | on an exchange, every trading day |
| Fund returned, 1 year or since launch | −45.1% | −21.9% |
| The coin over the same days | −47.3% | −25.2% |
| Difference, percentage points | +4.1% of its growth | +4.4% of its growth |
| Fund returned since it listed | −45.1% | −21.9% |
| Difference since it listed | +4.1% of its growth | +4.4% of its growth |
| Price | $14.03 | $9.9443 |
BSOL in plain words
BSOL holds Solana through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, Solana moved −47.3% and BSOL returned −45.1%. That leaves it 4.1% ahead once both returns are compounded. Over a window this long the two returns cannot simply be subtracted. Doing it would read +2.2 pts, which is arithmetically correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 104% of what holding the coin gave says exactly that. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only figure on this page the sponsor does not publish itself. BSOL charges 0.20% a year and still finished 4.1% ahead of Solana, which a fee cannot do on its own. Solana is a proof of stake chain, so a fund holding it can stake. BSOL’s own filings say it does (10-Q, Aug 7, 2026). What the prices show is that it finished 4.1% ahead of Solana’s own price over the same days, against +2.9% for the other 8 funds holding Solana. After a fee, an in-kind ETP ahead of the asset it holds got there by staking. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Solana it custodies.
TSOL in plain words
TSOL holds Solana through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the time since it listed to Sep 11, 2026, Solana moved −25.2% and TSOL returned −21.9%. That leaves it 4.4% ahead once both returns are compounded. Doing it would read +3.3 pts, which is arithmetically correct and describes nothing a holder can act on: what the figure above states is the gap between the two growth factors, so a fund that kept 104% of what holding the coin gave says exactly that. TSOL charges 0.21% a year and still finished 4.4% ahead of Solana, which a fee cannot do on its own. TSOL’s own filings say it does (424B3, Aug 13, 2026). What the prices show is that it finished 4.4% ahead of Solana’s own price over the same days, against +2.9% for the other 8 funds holding Solana.
Questions people ask
- Which tracked Solana more closely, BSOL or TSOL?
- Over the days each has traded, BSOL finished 4.1% ahead of Solana once both returns are compounded and TSOL 4.4% ahead once both returns are compounded. Those are not set against each other here, because the two windows are not the same days, so neither is nearer its coin than the other on this page. Each difference carries the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin.
- Do BSOL or TSOL pay a staking yield?
- Solana is a proof of stake chain, so staking is possible. Whether either trust stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed.
- What is the difference between BSOL and TSOL?
- Both hold Solana through a custodian and both trade on an exchange, so what separates them is what each costs a holder over time. BSOL is sponsored by Bitwise and listed Oct 28, 2025; TSOL by 21Shares, listed Nov 19, 2025.
- Which is cheaper, BSOL or TSOL?
- BSOL charges 0.20% a year and TSOL charges 0.21%, so BSOL is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BSOL against TSOL, data as of Sep 11, 2026. https://etfiq.com/compare/crypto/BSOL-TSOL Free to use with attribution; the underlying files are at Open data.