Solana Surges 7% As Fidelity Launches Solana Staking ETF

Fidelity Investments, one of the world’s largest asset managers, on Tuesday launched its new Solana (CRYPTO: SOL) exchange-traded fund with staking.

Fidelity Enters The Solana ETF Market

The firm introduced the Fidelity SOL Fund under the ticker FSOL after filing a Form 8-A with the SEC on Monday. 

The ETF includes staking rewards, making it one of the few U.S.-listed funds to offer yield from a proof-of-stake cryptocurrency.

Bitwise launched its Solana ETF in October, and Grayscale followed shortly after with its own staking-enabled product. 

Canary Capital is also preparing to debut its Solana ETF on Tuesday, expanding competition in a segment that has drawn rapid institutional interest.

Bloomberg ETF analyst Eric Balchunas highlighted Fidelity’s …

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