With the spot XRP ETF now approved, all eyes have quickly shifted to Solana. The race for spot Solana ETFs is moving much faster than expected. Bloomberg ETF analyst Eric Balchunas says that Fidelity, one of the world’s largest asset managers, is joining the competition with its own Solana fund, FSOL, launching on November 19 with a 25 bps fee.
Fidelity’s SOL ETF To Launch On 19 Nov
Bloomberg analyst Eric Balchunas has confirmed that Fidelity’s spot Solana ETF, FSOL, will go live tomorrow with a 25 bps fee. This launch is important because Fidelity is the biggest asset manager in the Solana ETF group, with $6.4 trillion in AUM. Many believe its entry will bring fresh institutional attention to Solana.
But while Fidelity is grabbing most of the headlines, the Solana ETF space is getting crowded. Bitwise was the first to launch its Solana Staking ETF (BSOL), and it already has around $450 million, giving it a strong early start.
On top of it, Grayscale has also stepped into the Solana ETF category, making the competition even stronger.
VanEck Launches VSOL with Zero Fees for Early Investors
Earlier today, VanEck launched its Solana ETF under the ticker (VSOL), trading on the Nasdaq.
VSOL became the third Solana ETF in the U.S., following October launches by Bitwise and Grayscale. To attract early investors, VanEck is waiving the 0.3% sponsor fee on the first $1 billion of assets under management until February 17, 2026.
Canary Funds Launching Solana ETF
Another senior ETF expert, James Seyffart, added that Canary Funds is also launching a Solana ETF today. The new product, called SOLC, will go live tomorrow with a notable difference: it is partnering with Marinade Finance to manage on-chain staking.
This approach makes SOLC one of the first ETFs to openly include staking through a major Solana protocol, giving it a unique position in the growing SOL ETF market.
Impact on Solana Price
Historically, ETF approvals have catalyzed price rallies in underlying tokens. The anticipation and confirmation of Solana ETF launches have already spurred speculative inflows, pushing SOL up over 20% from recent lows in late October.
As of now, Solana SOL is trading at approximately $138, reflecting a drop of 2.89%, with a market cap hitting $76.5 billion.
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