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21Shares will distribute staking proceeds to holders of its Ethereum ETF (TETH) and Solana ETF (TSOL) on March 31, 2026, continuing a monthly cycle of on-chain yield pass-throughs from the issuer to investors.
TETH holders will receive $0.012530 per share, while TSOL holders will receive $0.016962 per share. Both funds have an ex-dividend and record date of March 30, 2026, with payment scheduled for the following day.
The distributions are proceeds from the sale of staking rewards earned by each fund, not a return of principal. 21Shares said it confirmed the payout schedule alongside risk disclosures noting that neither fund is registered under the Investment Company Act of 1940.
The March 31 distribution extends 21Shares’ recurring monthly staking payouts. A prior TETH staking distribution paid $0.010378 per share on January 9, 2026, while TSOL distributed $0.316871 per share on February 17, 2026.
The latest TETH payout of $0.012530 per share represents an increase of roughly 21% versus the January distribution. The TSOL figure, however, declined sharply from the February level, falling from $0.316871 to $0.016962 per share.
Unconfirmed reports suggest the difference may relate to variations in staking period lengths or changes in accounting methodology between payout cycles, but 21Shares has not publicly explained the variance.
Shareholders are advised to consult tax advisors, as the tax treatment of staking proceeds distributions may vary by jurisdiction.
Staking is the process by which holders of proof-of-stake cryptocurrencies lock tokens to help validate transactions on the network, earning rewards in return. Ethereum’s annualized staking yield is described as approximately 3-4%, while Solana staking yields are described as higher, in the range of 6-8%.
21Shares stakes the underlying ETH and SOL held by TETH and TSOL, accumulates on-chain rewards, sells them, and passes the cash proceeds to investors as distributions. The issuer says this mechanism differentiates staking ETFs from standard crypto ETFs that hold the underlying asset without generating yield.
For investors, the ETF structure is positioned as a trade-off versus self-custody staking: simplified access and custody in a regulated wrapper, offset by management fees that reduce net yield compared with staking directly through wallets or protocols. The ETF approach also avoids technical complexity and smart contract risk associated with direct staking or liquid staking protocols.
Ethereum is trading at approximately $2,000, with a market cap of roughly $241.28 billion. Solana trades at approximately $82.56, with a market cap of around $47.26 billion. The article also cites a Fear and Greed Index reading of 9, described as “Extreme Fear” territory.
The ability to pass staking rewards through to fund holders is presented as a structural advantage over non-staking crypto ETFs. A standard spot ETH ETF tracks Ethereum’s price, while a staking ETF adds incremental yield on top of price exposure.
The article notes that this distinction can be most relevant when markets move sideways or decline. In such conditions, staking yield becomes a potential source of positive return for ETF holders, even if modest.
The article states that Solana ETFs as a category have attracted $2 billion in inflows since launch, with net inflows occurring nearly every day, citing Bloomberg Intelligence analyst Eric Balchunas.
It also says TSOL launched with $100 million in assets under management and a fee of 21 basis points, positioning it within the Solana ETF landscape. The combination of low fees and staking yield pass-through is described as appealing to investors seeking regulated crypto exposure with built-in income.
The SEC acknowledged 21Shares’ proposal in early 2025 to permit staking on its Ethereum ETF. The March 31 distribution is described as the realized activation of that staking yield pass-through, turning regulatory approval into investor income.
The article also highlights that other spot ETH ETF applicants, including Fidelity and Franklin Templeton, have signaled interest in incorporating staking into their fund structures. It notes that each approval would validate the model and potentially expand the market for staking-enabled crypto ETFs.
It further points to potential network-level developments that could affect future yields, including the Ethereum Pectra upgrade and other planned protocol changes, which may alter staking economics. For ETF issuers, the article says changes in base staking yields can flow through to distribution amounts.
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