Fidelity Launches Solana ETF with Low Management Fee

Fidelity’s new spot exchange-traded fund (ETF), the Fidelity Solana Fund (FSOL), is set to launch on November 18th, Eastern Time. This announcement was made by Bloomberg’s Eric Balchunas, a senior ETF analyst, who shared the news on Twitter. The FSOL will have an attractive management fee of just 0.25%. The fund tracks the Fidelity Solana Reference Index (FIDSOLP) and incorporates staking rewards from SOL tokens into its portfolio.