21Shares Solana Staking ETF Announces Benchmark License, Name Change

What Happened

• 21Shares US LLC (the Sponsor) entered a Benchmark Licensing Agreement with FTSE International Limited dated August 20, 2026. The Trust will begin valuing its shares and calculating NAV by reference to the FTSE Solana Index (the “Pricing Benchmark”) beginning August 27, 2026, replacing the CME CF Solana‑Dollar Reference Rate - New York Variant. FTSE’s license is non‑exclusive, worldwide, and has a one‑year initial term with automatic one‑year renewals.
• The Trust filed a Certificate of Amendment on August 25, 2026 changing its name from “21Shares Solana ETF” to “21Shares Solana Staking ETF.” On August 26, 2026 the Trust entered a Second Amended and Restated Trust Agreement to reflect the benchmark change, the name change and other ministerial updates.
• Also on August 26, 2026 the Trust and Sponsor agreed to Amendment No. 1 to the Sponsor Agreement, changing Sponsor Fee timing from weekly in arrears to at least quarterly in arrears; Sponsor Fees are payable in SOL.

Key Details

• Benchmark deal: Benchmark Licensing Agreement with FTSE International Limited dated Aug 20, 2026; FTSE is unaffiliated with the Sponsor.
• NAV change effective: Trust will use the FTSE Solana Index to value Shares and calculate NAV beginning Aug 27, 2026.
• Name change filed: Certificate of Amendment filed Aug 25, 2026 renaming the Trust to “21Shares Solana Staking ETF.”
• Sponsor fee timing: Amendment dated Aug 26, 2026 moves Sponsor Fee payment from weekly (in arrears) to at least quarterly (in arrears), payable in SOL.

Why It Matters

• Investors should note the Trust’s NAV calculation benchmark has changed to the FTSE Solana Index as of Aug 27, 2026; that could affect how the Trust’s NAV tracks Solana market prices compared with the prior reference rate.
• The Trust’s name change to include “Staking” formalizes the vehicle’s staking-related focus and is now reflected in governing documents.
• The sponsor will be paid less frequently (quarterly vs. weekly), which alters cashflow timing but, per the filing, the amendments and trust agreement revisions do not materially change holders’ rights.