Fidelity Launches Solana ETF With Staking Option

Asset management giant Fidelity has launched its Solana exchange-traded fund (ETF), a new investment product focused on Solana, with the ticker FSOL. With this fund, Fidelity has joined major financial institutions to offer an SOL ETF.

A Major Step for Fidelity and Solana Investors

A key feature of the Fidelity SOL Fund is its staking capability. This allows investors to earn extra yield on their Solana holdings directly through the fund. This built-in staking feature makes FSOL an attractive option for investors seeking exposure to Solana’s price changes. 

With the staking feature included, Fidelity aims to make it easier for investors to access high-growth opportunities. To attract early investors, the company will not charge any investment or staking fees until May 18, 2026. This fee waiver shows the digital asset manager’s goal to gain a larger market share and compete with earlier SOL ETFs.

After the fee waiver ends, the Fidelity SOL Fund will have a fee of 0.25%, which is competitive with other crypto funds. There will also be a 15% fee on staking rewards generated within the ETF. Additionally, it offers investors steady returns without the challenges of buying and managing Solana on their own.

Solana ETFs Set to Expand

The launch of Solana ETFs such as BSOL, GSOL, and VSOL marks an important step in bringing cryptocurrencies to mainstream investors. Looking ahead, the growth of Solana ETFs could influence both Solana adoption and the broader crypto market.

Investors said more funds are poised to enter the market, offering different features, fees, and yield opportunities. Experts also believe that the U.S. SEC will soon approve the other pending Solana ETFs filed by issuers such as CoinShares, VanEck, and 21Shares.

Additionally, the SEC has recently issued new guidance. The regulators clarified the status of other filed crypto funds that were pending during the recent government shutdown.

Solana Momentum Expands Beyond ETFs

Interestingly, Solana’s momentum is extending beyond ETFs. In Japan, DeFi Development Corp launched the country’s first Solana Treasury firm with Superteam Japan. The company announced that this move is part of its “Treasury Accelerator Program” to help institutions build Solana-based treasuries. 

Meanwhile, Gemini has launched its Solana Edition Credit Card, making Solana usage a part of everyday spending. The card allows users to earn rewards on purchases, which can be automatically staked to earn extra yield. Cardholders can also get up to $5 cashback in SOL on eligible purchases, helping them grow their crypto while they spend.