Fidelity Introduces FSOL Fund, Bringing Major Wall Street Name to Solana (SOL) ETFs

Fidelity has launched the Fidelity Solana Fund (FSOL), marking its entry into the Solana ETF market and representing its first staking-enabled cryptocurrency product. This initiative is notable as it adds a significant name from traditional finance into a burgeoning segment of investment products, where only three other Solana ETFs are currently available in the U.S. The timing coincides with other companies like Canary Capital and VanEck also introducing their own Solana ETFs, thus expanding the market amid increasing demand. The FSOL fund is pivotal as it follows Bitwise’s successful BSOL fund, which attracted $450 million since its inception. Fidelity’s decade-long journey into digital assets has finally culminated in this launch as they continue to develop various crypto investment services, reflecting the growing trend of institutional investment in cryptocurrencies.

Source 🔗