ETC Group Physical Solana
ESOL
Ticker
ISIN

Buy Solana

just like an ETF
  • NAV daily change -7.43%
  • NAV YTD change 69.84%
  • NAV since inception -1.74%

Investment Objective

Looking to buy Solana through your regular securities broker or bank? ETC Group makes it possible: This Solana exchange traded product (ETP) is 100% physically backed, giving you seamless and pure exposure to the performance of SOL while trading on Europe’s largest stock exchanges.

Institutional Focus

The ETP was designed to offer a secure and cost-efficient way to gain investment access to Solana (SOL). Issuer-default risk has been minimised due to an independent trustee holding the rights over all investor assets in custody for the benefit of investors. No wallet or new account are required. The issuer is domiciled in Germany.

Factsheet
Ticker
ISIN
KID Final Terms Prospectus EMT EET All Documents

ESOL Product Specifications

Advantages of ESOL

Trades like an ETF

Buy and sell like any stock or ETF through your regular broker or bank. No new account needed, just enter the ticker or ISIN on your trading platform.

Cold-storage custody

The Solana is kept in cold-storage at a regulated custodian, and all assets are secured by an independent trustee, thus eliminating issuer default risk.

100% physical

You are legally entitled to the underlying Solana and you can redeem the ETP for the cryptocurrency, alternatively to selling on exchange.

Regulated security

Issued in Germany under German regulatory oversight, the ETP’s primary listing is on XETRA, the largest ETF exchange in Europe.

Specifications

Key Information

Primary Ticker ESOL
ISIN DE000A3GVKZ1
WKN A3GVKZ
TER 1.95% p.a.
Asset Class Digital Assets
Underlying Exposure Solana (SOL)
Strategy Delta-One
Replication Method Physically allocated (100% fully backed)

Composition

0 logo Solana 100 %

NAV

NAV (USD)
$ 17.83
NAV to previous day
-7.43%  /  $ -1.43

The ETP's NAV U.S. dollar value is determined at 4.00 pm CET of each business day, and represents the value of one unit; it is calculated by using the relevant spot price of the underlying digital asset. The value is not necessarily the same as the ETP's intraday trading price. Investors should not expect to buy or sell the ETP at the determined NAV value.

Performance

Period NAV
Year 2020 -46.19%
Year 2021 -0.05%
Year 2022 -94.44%
Year 2023 839.36%

Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. NAV performance is displayed in base currency (USD). Brokerage or transaction fees will apply. Past performance is no guarantee of future performance, and your invested capital may be at risk.

Assets under Management

Asset name Solana
Asset symbol SOL
Shares outstanding 1,197,750
AUM in cold storage SOL 112,769.98
AUM market value (USD) $ 21,351,115.37
Cryptocurrency Entitlement (per unit) SOL 0.09415151

ESOL Trading Information

Trading Currency
Exchange
ISIN
WKN
Valoren
Ticker BBG
SEDOL
RIC
Deutsche Börse XETRA
EUR
Ticker
Listing date:
ISIN DE000A3GVKZ1
WKN A3GVKZ
Valoren -
ESOL GR
SEDOL BN473S6
RIC ESOL.DE
Deutsche Börse XETRA
USD
Ticker
Listing date:
ISIN DE000A3GVKZ1
WKN A3GVKZ
Valoren -
ESOM GR
SEDOL BN6KDG1
RIC ESOM.DE
SIX Swiss Exchange
GBP
Ticker
Listing date:
ISIN DE000A3GVKZ1
WKN -
Valoren 115256504
ESOLGBP SW
SEDOL BL6CF56
RIC ESOLGBP.S
SIX Swiss Exchange
CHF
Ticker
Listing date:
ISIN DE000A3GVKZ1
WKN -
Valoren 115256504
ESOLCHF SW
SEDOL BL6CFB2
RIC ESOLCHF.S

Buy and sell just like stocks or ETFs

Use the securities account you already have or select from a wide range of platforms

  1. Open your online securities account and call up the order mask.
  2. Insert ticker, ISIN, or name of the product and select trading platform (Our products are tradable at least on Xetra).
  3. Set amount and review your order to ensure accuracy before confirming the trade.
Registered for sale
cz flag Česká Republika dk flag Danmark de flag Deutschland es flag España fr flag France hr flag Hrvatska ie flag Ireland it flag Italia lu flag Luxembourg mt flag Malta nl flag Nederland no flag Norge at flag Österreich pl flag Polska ch flag Schweiz fi flag Suomi se flag Sverige

Liquidity Ecosystem

Market Makers /
Authorised Participants (APs) detailed info
Flow Traders B.V.
Susquehanna International Securities Limited
Goldenberg Hehmeyer LLP
DRW Europe B.V.
Jane Street Financial Limited
XTX Markets SAS
Makor Securities London Ltd (Enigma Securities)

Note: MM/AP services may vary by product

Product Details

Structure

Domicile Germany
Issue Date 29.11.2021
Primary Listing Exchange Deutsche Börse XETRA
Primary Listing Date 15.12.2021
Legal Form Debt Security, fully asset-backed
Product Structure ETP (Exchange Traded Product)
Redemption by Investors* Yes
Creation & Redemption (APs) In-kind
Leverage 1:1 (No leverage)
Minimum Investment 1 unit
Expiry Date Open ended
Replication Method Physically allocated (100% fully backed)
Lending No
* Possible against the undelrying cryptocurrency or in cash in cases where redemption in cryptocurrency is not possible for regulatory reasons.

Key Service Providers

Issuer ETC Issuance GmbH
Prospectus Competent Authority BaFin (Germany)
Custodian Coinbase Custody Trust Company
Security Trustee The Law Debenture Trust Corporation p.l.c.
Administrator Apex Corporate & Advisory Services Ltd
Registrar Clearstream Banking AG
Paying Agent & Fiscal Agent Quirin Privatbank AG

Underlying Price Reference

Benchmark Name CryptoCompare Cryptocurrency Fixing for Solana
Bloomberg Ticker SOL CCCAGG
Benchmark Provider CryptoCompare
Price Reference Currency USD
NAV Valuation Method Daily NAV

Fees

Management Fee (TER) 1.95% p.a.
Performance Fee None
Entry/Exit Fees* None
* Your broker may charge commissions to buy and sell the ETP

Legal & Tax

Tax Treatment Germany Benefits apply to 1-year holding period
UCITS Compliant No
UCITS Eligible Eligible but not compliant with UCITS*
SFDR Classification Contact us for more information
ISA Eligible Yes
SIPP Eligible Yes
* Currently, there are no definitive regulatory indications to determine the suitability of this ETP for investment in UCITS. ETC Group has conducted an internal analysis, applying the UCITS eligibility framework to ETPs with cryptocurrencies as underlying assets. For further information, please contact us at europe@bitwiseinvestments.com.

Institutional Custody

ETC Group has partnered with the leading providers of digital asset custody

Coinbase Custody Trust Comany was founded in 2018 and is a custodian for digital assets. The company offers a secure, institutional-grade offline storage solution.

Custodian logo

Regulated & Certified

Coinbase Custody is an independent qualified custodian and is a fiduciary under New York state banking laws. Coinbase custody is also the first crypto custodian to be issued both the SOC 1 Type 2 and SOC 2 Type 2 reports.

Cold img Wallets

All ETC assets are kept in cold wallets. Cold wallets mean that the digital wallets are not connected to the internet. This protects the wallets from hacks, unauthorized access, and other vulnerabilities.

High Security
img Standard

Coinbase Custody has developed its own first-class key generation protocol to generate cold storage addresses for custody wallets.

Insured img

Coinbase industry leading insurance policy protects both online and offline assets across all of Coinbase's products.

Key risks of Crypto ETPs

  1. Investor's capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision.
  2. Any decision to invest should be based on the information contained in the relevant prospectus.
  3. ETP securities are structured as debt securities, not as equity.
  4. ETPs trade on exchanges like securities. They are bought/sold at market prices which may be different to the net asset value of the ETP.

Buy ETC Group Physical Solana
through your regular online broker or bank

Buy this ETP using your existing brokerage account, or choose from a variety of platforms:

Select your country
  • Česká Republika flag Česká Republika
  • Danmark flag Danmark
  • Deutschland flag Deutschland
  • Eesti flag Eesti
  • España flag España
  • France flag France
  • Hrvatska flag Hrvatska
  • Ireland flag Ireland
  • Italia flag Italia
  • Luxembourg flag Luxembourg
  • Malta flag Malta
  • Nederland flag Nederland
  • Norge flag Norge
  • Österreich flag Österreich
  • Polska flag Polska
  • Portugal flag Portugal
  • Schweiz flag Schweiz
  • Slovenija flag Slovenija
  • Slovensko flag Slovensko
  • Suomi flag Suomi
  • Sverige flag Sverige
  • Ελλάδα flag Ελλάδα
  • Κύπρος flag Κύπρος
How to order the ETP in stock market trading:
  • Open your online securities account
  • Call up the order mask
  • Set amount
  • Enter order details using the ISIN or WKN
    of the desired product
  • Select trading platform (our ETPs are all tradable on at least Xetra)
  • Place the order
What to do if the ETP is not available to you?

Contact your online trading platform or your bank's customer service to request trading access to our products. Always include ISIN and ticker in your request. If you face any difficulties, send us an email with further information to europe@bitwiseinvestments.com. We are here to help and may contact your online trading platform or bank to help resolve the issue.

Risks Involved in Investing in ETPs

  • Cryptocurrencies and products linked to cryptocurrencies are highly volatile.
  • You can lose some or all of your investment.
  • Risks of investing are numerous and include market, price, currency, liquidity, operational, legal, and regulatory risks.
  • Exchange traded products do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.
  • Investment in cryptocurrencies and products linked to cryptocurrencies are only suitable for experienced investors and you should seek independent advice and check with your broker prior to investing.

All investors should read the relevant base prospectus and final terms contained on this website before investing and, in particular, the section entitled ‘Risk Factors’ for further details of risks associated with an investment.

Redirection to external website

The website or web pages to which you are redirected are not owned by Bitwise. Bitwise therefore shall not be held liable for any information, data, details, explanations and representations (hereinafter referred to as "Information") provided on such websites, in particular not for damages that may result from the use of this Information for your own investment decisions. Price and performance data on the websites of Bitwise may differ from the price information on the websites of the respective online brokers or banks.

The information on the websites to which you are redirected is the sole responsibility of their providers. The offers you find on the providers' websites are expressly not directed at persons in countries that prohibit the provision or retrieval of the content posted therein. Each user is responsible for finding out about any restrictions before accessing the websites and complying with them.

By clicking the "Continue" button, you will be forwarded directly to the website or login or order screen of the selected provider. In the case of an order form, the following fields are usually preset: ISIN, buy/sell and exchange. It should be possible to change such fields at any time. We recommend to carefully check all the details in the securities order form before placing an order.