Particle.news
Download on the App Store

Fidelity, Canary Launch Solana ETFs as VanEck’s Zero-Fee VSOL Hits Market

Nearly $400 million in early inflows signals intensifying fee competition with staking under new SEC listing rules.

Overview

  • Fidelity’s FSOL and Canary’s SOLC began trading on Nov. 18 with 0.25% and 0.50% fees respectively, and both products include staking features.
  • VanEck’s VSOL opened on Nov. 17 with a 0.30% sponsor fee waived until Feb. 17, 2026 or $1 billion in assets, partnering with SOL Strategies for staking and using Gemini and Coinbase for custody.
  • Cumulative Solana ETF inflows have reached roughly $380–$400 million, with Bitwise’s BSOL leading on assets at about $450 million and posting a long streak of positive daily flows.
  • Solana’s token price has remained under pressure, trading around $134–$141 this week and down roughly 20–30% from recent highs despite continued ETF demand.
  • 21Shares cleared the final regulatory step to list a sixth U.S. Solana ETF, setting a 0.21% fee ahead of its expected launch.