Fidelity Introduces FSOL ETF, Bringing Major Wall Street Name to Solana Funds

Fidelity has launched the Fidelity Solana Fund (FSOL), marking the asset manager's first staking-enabled crypto product. This introduction enhances the presence of major financial players in the Solana ETF market, which has been rapidly growing. Currently, there are only three spot Solana ETFs trading in the U.S., but Fidelity's entry raises the profile of this segment as investors seek ways to invest in SOL without directly holding tokens. Following Fidelity, other firms like Canary Capital and VanEck are also launching Solana ETFs to meet increasing interest. Bitwise's BSOL fund has already seen considerable success, attracting $450 million in inflows since its October debut. Fidelity has been navigating digital assets since 2014, now offering various crypto investment products alongside traditional assets, and positioning itself as a robust option for investors interested in regulated access to the Solana ecosystem.

Source 🔗