‘Game on’: Asset management giant Fidelity debuts Solana exchange-traded fund
Fidelity launched its Solana exchange-traded fund (FSOL) with a staking feature, becoming the third firm to offer a SOL ETF.Summary
Asset management giant Fidelity has launched the Fidelity SOL Fund (FSOL), an exchange-traded fund tracking Solana, which includes a staking feature. This debut follows Fidelity filing a Form 8-A with the SEC on Monday. Matt Horne, head of digital asset Strategists at Fidelity Investments, highlighted that the inclusion of staking is a significant benefit for investors, offering network security contribution and yield generation. Fidelity is the third firm to launch a SOL ETF, following Bitwise and Grayscale, with Canary Capital also expected to launch one. Bloomberg ETF analyst Eric Balchunas noted Fidelity's entry, calling it "Game on," especially as BlackRock is currently absent from this specific product category. Fidelity will waive investment and staking fees until May 18, 2026, after which the fund will carry an expense ratio of 25 basis points and a 15% staking fee. Fidelity has previously launched ETFs for Bitcoin and Ethereum.
(Source：The Block)