Fidelity and Canary Launch Solana ETFs on NYSE and Nasdaq
The post Fidelity and Canary Launch Solana ETFs on NYSE and Nasdaq appeared on BitcoinEthereumNews.com.
Fidelity and Canary launched new Solana ETFs, and FSOL recorded strong first-day inflows. Total net inflows across all five U.S. Solana ETFs reached $420.4 million even as the SOL price fell. Fidelity and Canary Capital have officially entered the expanding U.S. Solana ETF market, adding fresh momentum to a sector that continues to attract institutional inflows even as SOL’s price retreats. Both FSOL on NYSE Arca and SOLC on Nasdaq opened trading on Tuesday, marking another stage in the rapid rollout of spot Solana products across major exchanges. Fidelity’s FSOL Begins Trading Fidelity’s Solana ETF made an immediate impact. FSOL recorded $2.07 million in first-day inflows, signaling early appetite from professional investors seeking regulated exposure to SOL. The launch pushes total U.S. Solana ETF net inflows to $420.4 million, underscoring steady institutional positioning despite ongoing market volatility. Moreover, Fidelity introduced a fee-waiver strategy to attract assets quickly. The firm waived its 0.25% management fee for six months and agreed to absorb staking fees on the first $1 billion in rewards generated. The fund became effective through an 8-A filing, which enabled the NYSE to authorize FSOL for listing. Analyst commentary highlighted the scale of Fidelity’s entry. Bloomberg’s Eric Balchunas noted that the company is now the largest traditional asset manager active in Solana ETFs, adding that BlackRock continues to avoid expanding beyond Bitcoin and Ether. Canary’s SOLC Adds New Staking-Backed Exposure Canary Capital also received approval from Nasdaq to list the Canary Marinade Solana ETF (SOLC). The fund integrates Marinade Finance as its staking partner, offering investors exposure tied directly to Solana’s validator ecosystem. SOLC debuts with a 0.50% fee, though no temporary waivers have been announced. Bloomberg analyst James Seyffart confirmed the timing, suggesting that Canary aims to differentiate itself through deeper integrations with on-chain infrastructure. Meanwhile, additional entrants…
