Overview
- Fidelity’s FSOL began trading on Tuesday with a 0.25% fee and Canary’s SOLC launched with Marinade as staking partner and a 0.50% fee, bringing the U.S. count of spot/staking Solana ETFs to five.
- VanEck’s VSOL started trading Monday with a 0.30% sponsor fee waived until Feb. 17, 2026 or $1 billion in assets, and staking administered by SOL Strategies, which also waived its provider fee during the promotion.
- VanEck seeded VSOL with $10 million, purchasing 400,000 shares representing 51,656 SOL, according to its prospectus.
- Combined flows into Solana ETFs are approaching roughly $380–$400 million, concentrated in the first movers, while SOL has dropped about 20% over recent weeks.
- Major issuers are charting different paths, with Fidelity entering Solana ETFs as BlackRock sits out, and filings suggest more altcoin products could follow, including Dogecoin funds that could launch as soon as next week if approvals proceed.