Solana ETF: Fidelity entry sparks optimism for fresh avenues

INFBusiness
19.11.2025
News

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Today, Fidelity SOL Fund (FSOL), a prominent global asset manager, is rolling out its inaugural Solana ETF – featuring an incorporated staking mechanism.
The fund is traded on the NYSE, with charges fully waived until May of 2026. Post that period, it will incur a management charge of 0.25 percent coupled with a 15 percent staking charge.
This action relays a message to the market. FSOL marks the initial Solana offering from a conventional asset manager of this stature – and materializes during a week crowded with Solana ETF introductions.
VanEck's VSOL debuted on Monday, with Canary Capital's SOLC shortly behind it, also providing staking capabilities. Bitwise (BSOL) and Grayscale (GSOL) had already launched back in October.
Institutional interest remains consistent. Even with the widespread market downturn, Solana ETFs have noted inflows across 13 successive days – a notably firm indicator during a period of correction.
Bloomberg analyst Eric Balchunas describes it as a “game on” situation: Fidelity's involvement is the foremost noteworthy challenge to Bitcoin's stronghold in the ETF arena so far. It’s quite remarkable that BlackRock is still absent – despite the fact that the asset manager spearheads the biggest Bitcoin and Ethereum ETFs.
This fresh ETF trend exhibits a distinct design: asset managers are strategically setting their sights on blockchain-centric approaches, which are gradually establishing their presence within institutional allocations.
The “Ethereum challenger,” Solana, gains advantages in this landscape through its robust utilization in DeFi and blockspace avenues, minimal fees, and ongoing lively retail activity.
Investors are currently contemplating if these novel offerings will stimulate supplementary demand shortly. The inflows documented thus far – for example, into Bitwise’s BSOL – at a minimum, insinuate certain underlying backing.
Nonetheless, the pricing chart reveals a contrasting narrative: After attaining a record peak several weeks prior, SOL momentarily dipped beneath $130 and landed at its feeblest valuation since April.
Analysts pin the blame for this downturn on the deflation of the “Digital Asset Treasury” bubble, which has visibly subdued investor sentiment around SOL.
On-chain analysts direct attention to the largest SOL DAT, Forward Industries, which lately moved nearly $200 million in SOL to Coinbase. This sparks speculation as to whether a sale was being prepped – or simply a calculated reallocation.