Fidelity’s Solana ETF FSOL Debuts With Staking, Fees Waived Until 2026

• Fidelity introduced its Solana-based ETF, marking a major institutional push into cryptocurrency investments.
• The FSOL fund includes staking benefits and fee waivers until May 2026, reflecting growing interest in Solana.

On November 18, 2025, CoinGape and AMBCrypto reported Fidelity’s launch of its Solana exchange-traded fund (ETF), FSOL, which provides investors exposure to Solana (SOL) along with staking rewards built into the fund structure. This marks a significant institutional development, leveraging Fidelity’s global scale and reputation to expand into niche cryptocurrency assets.

The Fidelity SOL Fund incorporates a staking feature that enables investors to earn rewards by securing the Solana network through their holdings. To remain competitive, Fidelity waived investment and staking fees for FSOL until May 18, 2026. After this promotional period, a management fee of 0.25% will apply. This pricing strategy positions Fidelity strongly in the market, appealing to both early adopters and institutional clients seeking well-structured exposure to Solana.

Fidelity’s launch intensifies competition within the increasingly crowded Solana ETF space. Asset manager VanEck introduced its Solana ETF (VSOL) on November 17, while Bitwise, Grayscale, and Canary Capital also offer Solana-focused ETFs with varied features. Grayscale’s offering includes a staking component akin to Fidelity’s. Canary Capital debuted its Marinade Solana ETF (SOLC) on November 18, further diversifying options for investors. These launches collectively highlight Solana’s growing prominence in the financial sector.

Market analysts have responded positively to Fidelity’s entry into the Solana ETF market. Bloomberg ETF analyst Eric Balchunas noted Fidelity’s stature as “easily the biggest asset manager in this category,” emphasizing the absence of comparable products from BlackRock. Nate Geraci, CEO of NovaDius Wealth Management, referred to the move as a significant institutional shift, further stressing the impact on the competitive landscape.

Institutional interest in Solana continues to expand, underscored by the surge in ETF launches from major firms. Fidelity’s FSOL ETF reinforces the industry’s recognition of Solana as an investment asset, offering more choices for exposure via professionally managed funds.

As of November 18, 2025, at 15:08 UTC, Solana (SOL) was trading at $137.914, a 1.617% decrease in price over the last 24 hours. Its 24-hour trading volume increased by 43.627%, reflecting heightened activity within the ecosystem and strengthening the narrative of growing institutional focus on the asset.