- Fidelity is launching the Fidelity Solana Fund (FSOL), a new exchange-traded fund (ETF) featuring a staking option, on the NYSE Arca.
- The FSOL adds to a growing field of Solana ETFs, joining products from Bitwise, Grayscale, VanEck, and Canary Capital.
- Bitwise’s Solana ETF has attracted approximately $450 million since its late October debut, showing strong investor interest in accessible Solana exposure.
- Fidelity has over a decade of digital asset experience, offering various crypto investment services including spot Bitcoin and ether funds.
Fidelity is entering the Solana exchange-traded fund (ETF) market with the launch of the Fidelity Solana Fund (FSOL). The ETF, which offers a staking feature, begins trading Tuesday on NYSE Arca. This launch marks Fidelity’s third cryptocurrency exchange-traded product and its first with staking capabilities.
The introduction of FSOL brings a major asset manager into the relatively new Solana ETF sector in the U.S., which has so far included only three spot Solana funds. Fidelity aims to provide investors a regulated way to track SOL tokens without owning them directly.
Launching on the same day as FSOL is the Canary Marinade Solana ETF (SOLC) from Canary Capital, which will trade on Nasdaq. Additionally, VanEck recently debuted its own Solana ETF. These entries further expand investor options amid increasing demand for Solana investment products.
Early Solana ETF movers include Bitwise and Grayscale. Bitwise’s Solana ETF (BSOL) stands out, having attracted about $450 million since its late October start. This inflow indicates rising interest in simple and regulated access to the Solana Blockchain ecosystem.
Fidelity has developed its digital asset expertise for over ten years. Since 2014, the firm has expanded to offer trading, custody, research, and investment services in crypto, paralleling its traditional offerings in stocks and bonds. Its product line features spot bitcoin and ether funds, a tokenized Treasury fund share class, and a blockchain-based interest token.
For further details refer to SEC filing and reports on Canary Capital’s ETF launch.
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