On November 19, 2025, Fidelity Investments officially launched its spot Solana ETF on the NYSE Arca, trading under the ticker FSOL. This move marks Fidelity’s latest step into the expanding cryptocurrency ETF market.
Alongside Fidelity, VanEck and Canary Capital also introduced their Solana-based products, reflecting continued capital inflows into the sector over the past 15 days.
Ahead of trading, Fidelity filed Form 8-A with the U.S. Securities and Exchange Commission (SEC), streamlining the listing process under new cryptocurrency product regulations and avoiding lengthy amendment procedures.
The Fidelity Solana Fund incorporates staking through trusted intermediaries. A spokesperson told The Block that the firm will not charge placement or management fees until May 2026, aiming to attract both retail and institutional investors.
FSOL is now the fifth spot Solana ETF available in the U.S., following offerings from Bitwise, Grayscale, VanEck, and excluding products like REX Shares and Osprey Funds, which are registered as C Corporations rather than investment contracts. Canary Capital’s SOLC ETF also debuts on November 18. Experts predict Fidelity’s FSOL may capture a leading market position due to the firm’s scale and credibility.
Bloomberg Intelligence analyst Eric Balchunas commented:
“Fidelity is undoubtedly the largest asset manager in this category, especially as BlackRock has yet to enter the space. The game has officially begun.”
Neat Jeraci, CEO of NovaDius Wealth Management, echoed this sentiment, questioning why BlackRock has not expanded its cryptocurrency ETF offerings.
Capital inflows into the sector remain strong, with over $342 million entering Solana ETFs in the first 10 days since the launch announcements.
