Fidelity joins the Solana ETF ranks, SOL returns to 140 USD

One of the largest asset management companies in the world, Fidelity (, has joined the ranks of Solana ETF and includes a stake feature. Fidelity is the fourth company to launch a Solana ETF. According to data from SoSo Value, the SOL ETF has achieved net inflows for 15 consecutive days! Currently, the net asset value of the three ETFs stands at 510 million USD. However, the price of SOL has recently shown no support, down 26% year-to-date, and has already experienced a 50% Slump from its historical high of 295 USD at the beginning of the year.

Fidelity joins the Solana ETF battlefield

Fidelity Solana Fund )FSOL( will officially list on NYSE on 11/19, with an expense ratio of 0.25%. This is Fidelity's third crypto ETF following Bitcoin and Ethereum, and it is also the company's first ETF that includes staking functionality.

Fidelity is the fourth company to launch a Solana ETF. Bitwise was the first to launch the SOL ETF in late October, followed closely by Grayscale. Following that was VanEck's VSOL, and Canary Capital is also expected to launch its Solana ETF (SOLC)).

According to SoSo Value's data, the SOL ETF has achieved net inflows for 15 consecutive days! The current net asset value of the three ETFs is 510 million USD.

However, there has been no news of BlackRock joining the Solana ETF battlefield.

SOL returned to 140 USD, still down 26% year to date.

Although the ETF has expanded the holdings of institutional investors and retail investors, the price of Solana has not shown support recently, having fallen 26% year to date, and has already experienced a 50% Slump from its historical high of 295 dollars at the beginning of the year.

This article Fidelity joins the ranks of Solana ETF, SOL returns to 140 USD first appeared in Chain News ABMedia.