Fidelity Shakes Up the Market With Its New Staking-Backed Solana ETF

Fidelity has rolled out its new FSOL fund, giving investors Solana exposure and staking rewards - the first time the firm has included staking inside an ETF.

The launch went live Tuesday after the company finalized its SEC filings earlier in the week.

Matt Horne, who leads Fidelity’s digital asset strategy, called staking a “key part of the Solana ecosystem,” noting that adding it directly into the fund turns the product into a yield-generating asset rather than simple price exposure.

The move places Fidelity as the third major issuer in the Solana ETF wave, following Bitwise and Grayscale, both of which recently launched their own SOL products. Canary Capital is expected to add another competitor with its SOLC fund.

To draw early capital, Fidelity is waiving all management and staking fees until May 2026. After that, FSOL will charge a 0.25% expense ratio and a 0.15% staking fee.

With VanEck launching its SOL ETF on Monday and BlackRock still absent, analysts argue the Solana ETF race is heating up quickly — and Fidelity’s entry adds serious weight to the field.