Solana ETFs Surge in US, Driven by $30 Million Net Inflow

Fidelity Solana Fund (FSOL) and Canary Marinade Solana ETF (SOLC) have officially listed on the New York Stock Exchange and Nasdaq respectively, marking a significant milestone for Solana spot ETFs in the U.S., bringing the total number to five. On November 18th alone, these ETFs saw a combined net inflow of $30.09 million as investors show increasing interest in this cryptocurrency’s potential. Fidelity’s FSOL experienced a notable $2.07 million net inflow on its first day, while SOLC saw no such influx during its debut, showcasing the market’s diverse response to these new products. 4 Bitwise Solana ETF (BSOL) recorded the highest single-day net inflow of $23 million and holds historical total net inflows exceeding $388 million. The overall value of Solana spot ETFs now stands at $594 million, with a Solana net asset ratio of 0.76% and a cumulative historical net inflow of $420 million. Fidelity’s FSOL offers both cash and physical redemption options along with Solana staking for additional returns, with a profit-sharing ratio of 15% for both the manager and staking provider, while the remaining 15% goes to investors. The Canary Marinade Solana ETF also supports these features but without charging extra profit-sharing fees.