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Fidelity introduced FSOL, a Solana ETF with staking rewards
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It becomes the firm’s first ETF with native staking
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Fidelity joins Bitwise and Grayscale in the SOL ETF category
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Fees will be waived until May 2026
A New Solana ETF From a Major Asset Manager
Fidelity has officially launched the Fidelity SOL Fund (FSOL), expanding its digital asset offerings with a Solana ETF that includes built-in staking. This makes Fidelity the third asset manager to bring a SOL ETF to market, following Bitwise and Grayscale, both of which already added staking to their products.
Fidelity filed its Form 8-A with the SEC a day earlier, signaling that the fund was ready to go live.
Why Staking Matters
Solana staking allows validators to secure the network while earning yield for token holders. Incorporating staking into a regulated ETF provides a way for traditional investors to access those rewards without handling tokens or managing wallets. Fidelity said the design aims to make Solana exposure more complete by reflecting both price performance and network-level participation.
The firm will waive management and staking fees until May 18, 2026. After that, FSOL will have a 25 bps expense ratio and a 15 percent staking fee.
A Competitive ETF Landscape
The launch signals a new phase in the altcoin ETF race. Bitwise was first to market, Grayscale followed, and Canary Capital is also expected to launch its SOL ETF this week. Analysts noted that Fidelity is the largest asset manager to participate so far, since BlackRock has not yet entered the category.
Fidelity already operates Bitcoin and Ethereum ETFs, and industry observers view FSOL as part of a broader move by top asset managers to expand their multi-chain product lineups.
