21Shares Launches Sixth Solana Spot ETF as Inflows Hit 16-Day Streak
21Shares has launched its sixth Solana spot ETF, charging a 0.21% management fee and expanding its Solana ETF lineup. The product follows the firm’s recent crypto index ETFs and strengthens regulated SOL exposure. Competitors such as Fidelity’s FSOL (0.25% fee plus 15% staking charge), Canary Capital’s SOLC (with Marinade Finance, two-year staking plan), and VanEck’s VSOL (fee waiver up to $1 billion) have also entered the field. Institutional demand remains strong, with SOL ETFs recording inflows for 16 consecutive days per Farside Investors: Bitwise saw $388.1 million, Grayscale $28.5 million, Fidelity $2.1 million, and VanEck $1.8 million, totaling $421 million. SOL traded near $140.26 (+2.28% over 24 hours), market cap at $77.7 billion and volume over $6 billion. Analyst johnnybtrader notes a base near $130, targeting a move above $150 and potentially $210. This ongoing momentum underscores the bullish outlook for Solana ETFs.
Bullish
The launch of a sixth Solana spot ETF by 21Shares, alongside competing products from Fidelity, Canary Capital and VanEck, reflects growing institutional demand and regulatory approval for SOL exposure. Sixteen consecutive days of inflows (totaling $421 million) demonstrate strong appetite for Solana ETFs. Historically, the introduction of new regulated ETFs—such as Bitcoin and Ethereum spot funds—has boosted market liquidity and positive sentiment, driving price rallies. In the short term, increased trading volumes and fresh capital are likely to support upward price momentum. Over the longer term, a diversified and expanding ETF ecosystem can foster sustained inflows and broader market adoption, reinforcing a bullish outlook for SOL.