Fidelity Launches FSOL Solana ETF on NYSE Arca with Zero Fees Until 2026

Fidelity Investments has launched the Fidelity Solana Fund ETF (FSOL) on the NYSE Arca on November 18, 2025. The move is an additional initiative expanding access to Solana-based investment products into the mainstream markets. The company had submitted Form 8-A to the US Securities and Exchange Commission (SEC) a day before the start of trading. This process enables issuers to list in a short time without the need for prolonged document amendments.

Fidelity will not impose placement or management fees until May of 2026. Analysts view this as a great advantage in acquiring early capital and interest from investors. The launch makes FSOL the fifth spot Solana ETF in the US (excluding C Corporation products, such as REX Shares and Osprey Funds). Other active providers include Bitwise, Grayscale Investments, and VanEck.

Competitive Edge and Market Position for Fidelity

Along with FSOL, another Solana ETF called SOLC was launched by Canary Capital on the same day. 

Bloomberg Intelligence analyst Eric Balchunas said Fidelity is "easily the biggest asset manager in this category" and therefore has the potential to lead over other entrants.

NovaDius Wealth Management CEO Nate Geraci also questioned why BlackRock didn't expand its crypto ETF, but noted that he saw opportunities for Fidelity and other competitors to grab market share. The presence of multiple ETFs combined indicates the increased competition in the Solana investment space.

Furthermore, the recent launches of Solana ETFs highlight the growing institutional interest in SOL, boosting its price outlook in the long term. However, Solana price experienced a 22% drop in early November but recovered 7% after testing support at $130. As of Wednesday, it is trading at around $139, with potential for further recovery if support at $128.68 holds, while the target is near $160.

Also Read: Solana at Critical Moment: Will it Hit $1,000 or Fall to $100?

Inflows and Growing Interest in Crypto ETFs

Cryptocurrency ETFs are attracting high investor interest. There is demand in the industry, and this has been evidenced by the sector receiving more than $421 million in inflows. The zero-fee service offered by FSOL will be attractive to both retail and institutional investors who seek exposure to Solana.

As more Solana ETF providers emerge, analysts highlight that early leaders in the market will have to consolidate into competitive fee structures. The reputation of Fidelity and the size of its product provide the company with an advantage in attracting significant attention from major investors and capital flows in the emerging Solana ETFs market.

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