US EditionSolana Surges 7% As Fidelity Launches Solana Staking ETF
Fidelity and Canary Capital expand Solana ETF offerings with staking to secure the blockchain, joining VanEck and Bitwise in a growing market with $450 million inflows, analysts say.
- On Tuesday, Fidelity's FSOL began trading on NYSE Arca and Canary Capital's SOLC debuted on Nasdaq, both staking tokens to help secure the Solana blockchain.
- Fidelity's decision reflects a bullish stance after absorbing fixed ETF launch costs, following Solana ETF debuts from Bitwise and Grayscale this year and VanEck's entry on Monday.
- Early fund flows reveal BSOL has taken in $450 million since the end of October, and Bitwise and Grayscale's Solana funds have only recorded daily inflows since inception.
- Fidelity's entry positions it as the biggest asset manager in the Solana ETF category, expanding options for investors seeking SOL exposure without direct custody while BlackRock sits out, Balchunas said.
- SOL's price action shows a rise of over 4% in 24 hours despite being down over 26% in 30 days and below its $293 peak, while investor interest in Solana products grows.
16 Articles
16 Articles
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 it…
SOL dips below $140 as market sentiment remains bearish
Key takeaways Solana is down by less than 1% and is currently trading below $140. Canary Capital and Fidelity announced the launch of their spot Solana ETFs SOLC and FSOL on Tuesday. SOL down 1% despite positive fundamentals SOL, the native coin of the Solana blockchain, is down by less than 1% in the last […] The post SOL dips below $140 as market sentiment remains bearish appeared first on CoinJournal.
Solana ETFs: $2.07M Inflows Signal Strong Investor Interest
Fidelity and Canary have launched their Solana (SOL) ETFs on the NYSE and Nasdaq. This gives investors a regulated way to access Solana. On the first day, Fidelity’s $FSOL ETF received $2.07 million in inflows, signaling strong demand. In total, all five U.S. Solana ETFs have now reached $420.4 million in net inflows. This indicates that more investors want exposure to Solana beyond direct cryptocurrency purchases. Strong Debut for Fidelity’s $F…
Fidelity Leads New Wave of Solana ETFs as Industry Races Into Staking-Backed Products
Solana steps deeper into Wall Street this week. A fresh lineup of ETFs is rolling out across NYSE Arca as major firms move fast to lock in early demand. Fidelity’s spot Solana ETF, the highly anticipated FSOL, goes live on November 19, marking one of the biggest launches yet for the network. And it’s not launching alone. Bloomberg analyst James Seyffart confirmed the timeline earlier this week, noting that FSOL will hit the market with a 25 bps …
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