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

Fidelity is entering the solana $SOL$137.84 exchange-traded fund (ETF) market with the Fidelity Solana Fund (FSOL), the firm’s third crypto exchange-traded product and its first to include a staking feature.

FSOL, which starts trading Tuesday on NYSE Arca, brings one of the largest asset managers to a still-young corner of the Solana ETF market. Until now, only three spot Solana funds are trading in the U.S. Fidelity’s arrival raises the profile of the sector and gives investors a familiar name as they look for ways to track $SOL without holding tokens directly.

The timing sets up a crowded day, with Canary Capital also reported to be introducing a spot solana ETF, the Canary Marinade Solana ETF (SOLC) on Nasdaq. The new products expand the field just as interest in Solana investment products is climbing. VanEck entered the market on Monday with its own Solana ETF.

The competitive backdrop has been shaped by a pair of early movers. Bitwise and Grayscale debuted the first Solana funds this year, and Bitwise’s product, BSOL, has emerged as an early standout. BSOL has taken in $450 million since it started at the end of October, making it one of the strongest ETF debuts of 2025. The inflows hint at growing demand from investors who want simple, regulated access to the Solana ecosystem.

Fidelity has been building toward this moment for a decade. The firm began exploring digital assets in 2014 and now runs trading, custody, research and investment services that mirror the support it offers for stocks and bonds. Its lineup includes spot bitcoin and ether funds, as well as a tokenized share class for a Treasury fund and its blockchain-based interest token.