TLDR
- Fidelity’s FSOL Solana ETF to launch with a 25bps fee, marking institutional interest.
- Canary Capital’s SOLC ETF to feature Solana’s on-chain staking through Marinade.
- Solana ETFs show a surge in institutional investment with $390M in inflows.
- BlackRock stays out of the Solana ETF space as Fidelity and Canary launch products.
The Solana ETF wave continues to gain momentum as two major firms, Fidelity and Canary Capital, prepare to launch their own spot Solana ETFs. This marks a significant shift as Fidelity, one of the world’s largest asset managers, joins the growing institutional interest in Solana. The ETFs, named FSOL (Fidelity’s Solana ETF) and SOLC (Canary Capital’s Solana ETF), are set to launch on November 19, 2025. These products come on the heels of successful launches from other firms such as Bitwise, VanEck, and Grayscale, which have already drawn $390 million in inflows.
Fidelity’s Solana ETF Joins Growing Trend
Fidelity’s spot Solana ETF, FSOL, will be available for trading under the ticker symbol FSOL. It is expected to charge a 25 basis points fee, reflecting Fidelity’s serious push into the cryptocurrency space. Fidelity’s move into crypto has been closely watched by the market, especially since it’s known for its conservative approach to investments.
The firm, which manages $7 trillion in assets, is now actively involved in providing traditional investors with a direct way to gain exposure to the Solana ecosystem. This follows Fidelity’s recent launch of direct spot Solana trading, marking a more hands-on approach with the cryptocurrency.
Fidelity’s Solana ETF is seen as a major vote of confidence for Solana, especially as Wall Street institutions continue to adapt to the evolving digital assets market. Despite the current downturn in the crypto market, Fidelity’s entrance into the Solana market is expected to bring in substantial institutional capital.
Canary Capital Launches SOLC with Staking Integration
At the same time, Canary Capital is launching its own Solana ETF, SOLC, which will feature on-chain staking, thanks to a partnership with Marinade Finance. This integration of staking capabilities into the ETF offers an added benefit for institutional investors looking for ways to engage with Solana’s ecosystem beyond just price speculation.
Canary Capital’s move mirrors the success of other crypto-related ETFs launched in 2025, including its XRP ETF, which saw $250 million in inflows on its first day. The SOLC ETF’s launch is expected to generate similar excitement, especially with the added staking functionality. This could position SOLC as a top player in the Solana ETF space.
Solana ETF Growth Amid Regulatory Shifts
The launch of Fidelity’s FSOL and Canary’s SOLC comes at a pivotal moment for Solana. The US regulatory agencies have started to clear the backlog of approvals, allowing firms like Fidelity and Canary Capital to bring their products to market.
This shift in the regulatory environment has triggered a wave of new crypto ETF launches, with analysts expecting even more firms to enter the Solana space soon. While the market remains volatile, the entry of these major financial firms signals that digital assets are becoming more mainstream.
Interestingly, the absence of BlackRock, one of the world’s largest asset managers, in the Solana ETF market has drawn attention. BlackRock has been active in the Bitcoin and Ethereum ETF space but has not yet announced plans for a Solana ETF. This absence may give firms like Fidelity an opportunity to capitalize on a growing demand for Solana products.
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