Now that the spot XRP ETF has been approved, all eyes are quickly turning to Solana. The race for spot Solana ETFs is moving much faster than expected. Bloomberg ETF analyst Eric Balchunas says Fidelity, one of the world’s largest asset managers, will join the competition with its own Solana fund, FSOL, launching on November 19 with a fee of 25 basis points.
Fidelity’s SOL ETF launches on November 19
Bloomberg analyst Eric Balchunas has confirmed that Fidelity’s Solana ETF, FSOL, will go live tomorrow with a fee of 25 basis points. This launch is significant because Fidelity is the largest asset manager within the Solana ETF group, with $6.4 trillion in assets under management. Many believe its entry will bring new institutional attention to Solana.
But while Fidelity grabs most of the headlines, the Solana ETF market is becoming increasingly crowded. Bitwise was the first to launch its Solana Staking ETF (BSOL) and already has about $450 million, giving it a strong early start.
Moreover, Grayscale has also entered the Solana ETF category, making the competition even tougher.
VanEck launches VSOL at no cost to early investors
Earlier today, VanEck launched its Solana ETF under the ticker (VSOL), trading on the Nasdaq.
VSOL became the third Solana ETF in the US, following its launch in October by Bitwise and Grayscale. To attract early investors, VanEck will waive the 0.3% sponsorship fee on the first $1 billion of assets under management until February 17, 2026.
Canary Funds Launch Solana ETF
Another senior ETF expert, James Seyffart, added that Canary Funds is also launching a Solana ETF today. The new product, called SOLC, will go live tomorrow with one notable difference: it partners with Marinade Finance to manage on-chain staking.
This approach makes SOLC one of the first ETFs to openly include staking via a major Solana protocol, putting it in a unique position in the growing SOL ETF market.
Impact on the Solana Prize
Historically, ETF approvals have led to price increases in underlying tokens. The prospect and confirmation of the launch of Solana ETFs has already fueled speculative inflows, driving SOL up more than 20% from recent lows in late October.
Currently, Solana SOL is trading at around $138, reflecting a decline of 2.89%, with a market cap of $76.5 billion.
Trust CoinPedia:
CoinPedia has been providing accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict editorial guidelines based on EEAT (Experience, Expertise, Authoritativeness, Trustworthiness). Each article is fact-checked from reputable sources to ensure accuracy, transparency and reliability. Our review policy ensures unbiased evaluations when recommending exchanges, platforms or tools. We aim to provide timely updates on everything crypto and blockchain, from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making any investment decisions. Neither the writer nor the publication accepts responsibility for your financial choices.
Sponsored and Ads:
Sponsored content and affiliate links may appear on our site. Ads are clearly marked and our editorial content remains completely independent from our advertising partners.