Fidelity to Launch Spot Solana ETF on November 18

Fidelity plans to launch its spot Solana ETF on November 18, following VanEck and other firms entering the SOL ETF market. The management fee is set at 0.25%. Despite interest from other companies, BlackRock has not filed for a Solana or any altcoin ETF, potentially positioning Fidelity as a leading asset manager in this category.

• Canary Capital is also launching a Solana ETF (ticker: SOLC) in collaboration with Marinade Finance, responsible for staking.
• Bitwise's BSOL was the first US spot Solana ETP, trading started on October 28 on NYSE, achieving $450 million in volume.
• Grayscale launched its SOL ETF shortly after Bitwise.
• VanEck introduced a Solana Staking ETF on November 17 with zero fees until February 2026, afterward charging a 0.30% sponsor fee.

The competitive landscape for Solana ETFs is expanding, yet BlackRock's absence remains notable.