Fidelity Launches Staking Solana ETF, Waives Fees Until 2026
Fidelity Investments this week launched the Fidelity Solana Fund (FSOL), a staking-enabled Solana ETF, on NYSE Arca. The fund offers exposure to SOL tokens with in-built staking rewards and waives its 0.25% expense ratio and 15% staking fee through May 18, 2026. After the waiver period, standard fees will apply, keeping FSOL competitively priced.
FSOL’s debut follows a surge in institutional demand for regulated Solana access. It joins spot Solana ETFs from Bitwise, Grayscale, VanEck and Canary Capital. Bitwise’s BSOL alone has drawn over $450 million since late October. In the Solana ETF market, analysts predict rapid inflows thanks to Fidelity’s brand trust and fee waiver.
The launch underscores Fidelity’s broader digital assets strategy, which includes spot Bitcoin and Ether ETFs, and reinforces the firm’s position in the growing crypto ETF market.
Bullish
Fidelity’s launch of a staking-enabled Solana ETF with fee waivers is likely bullish for SOL prices. In the short term, the product’s competitive fee structure and built-in staking rewards should attract significant capital inflows, boosting demand for SOL tokens. Over the long term, the ETF simplifies institutional access, enhances market liquidity and legitimizes Solana within mainstream finance, which could support sustained price growth despite rising competition.