Fidelity to Launch Solana ETF, Becoming Largest Player in the Space

Fidelity Investments is set to launch its spot Solana exchange-traded fund ($FSOL) on November 19th. The fund will carry a 25 basis point expense ratio. Fidelity’s entry solidifies its position as the dominant asset manager in the Solana ETF segment, surpassing BlackRock. Other existing Solana ETFs include $BSOL (launched first, holding $450 million), and $VSOL which began trading today. Grayscale also remains actively involved. 2 new ETFs are set to launch on November 19th. Canary Funds’ $SOLC ETF will partner with Marinade Finance for staking services. 📈