Fidelity Launches Solana ETF: Institutional Entry Fuels Market Activity

Fidelity Investments has entered the cryptocurrency market with a new Solana Exchange Traded Fund (ETF), marking a significant step for institutional investors and potentially influencing Solana’s future growth. The Fidelity Solana ETF (FSOL) debuted on NYSE Arca, offering a 0.25% management fee. This move signals growing institutional interest in Solana, fueling heightened trading activity and derivatives market engagement.