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 fee. BlackRock is staying out for now, but that’s not slowing the momentum. Bitwise already pulled in $450 million into its BSOL fund. VanEck has VSOL live. And Grayscale is officially joining the Solana ETF pack.
A new challenger has also stepped forward: Canary Funds. The firm is launching its own staking-enabled Solana ETF, SOLC, on the same day as FSOL, built in partnership with Marinade Finance.
The Solana ETF era is no longer “incoming.” It’s here.
Fidelity Solana Trust Gets the Green Light
NYSE Arca has officially certified the Fidelity Solana Trust ETF, clearing the last regulatory step before trading begins. The approval signals the exchange’s confidence in Solana’s liquidity, market depth, and institutional readiness.
FSOL is Fidelity’s first staking-enabled crypto ETF inside its digital assets lineup. The product targets professional-grade access to the Solana ecosystem. Investors gain exposure to native SOL, and the staking yields that come with it, without touching wallets or handling private keys.
Fidelity’s entrance sends a message. The firm rarely moves early in emerging asset classes. When it does, the move is deliberate and strategic.
FSOL is expected to open with strong flows. Dominant brand, low fee, and first-mover advantage in traditional finance, all aligned with Solana’s strongest market momentum in years.
Bitwise Leads With a $450 Million Head Start
Fidelity may draw the news cycle, but Bitwise already holds the early lead. Its spot Solana ETF BSOL launched ahead of the crowd and has rapidly attracted $450 million in inflows.
BSOL lists first among the new ETFs. The fund’s swift capital attraction signals growing institutional appetite for Solana exposure, particularly among allocators who previously leaned heavily toward Ethereum. With staking yields and cheaper network activity, Solana is positioning itself as the faster, leaner alternative for asset managers seeking diversification inside the crypto basket.
Bitwise’s success created a sense of urgency across the ETF field. Every major issuer now wants a Solana footprint.
VanEck and Grayscale Enter the Race
VanEck launched VSOL earlier today, adding another competitive entrant to the expanding Solana ETF class. The firm has leaned heavily into crypto products this year, but its Solana offering arrives at a crowded moment. Its early trading activity will help determine whether brand recognition or yield incentives drive investor choice.
Grayscale is also stepping into the arena. The asset manager, known for GBTC and ETHE, is preparing its Solana ETF entry as it continues repositioning away from closed-end products and into ETFs with more competitive fee structures.
The Solana ETF race now resembles the early days of spot Bitcoin ETFs: multiple issuers, fierce competition, and an audience ready to deploy capital.
Canary Funds Unveils Staking-Enabled SOLC
One of the most striking launches comes from Canary Funds. NYSE Arca approved the listing of the system’s Solana Marinade ETF (SOLC) under the 1934 Act, a detail that signals a fully compliant structure and long-term regulatory alignment.
SOLC launches on the same day as FSOL. But the twist lies in its design: Canary partnered with Marinade Finance, one of Solana’s largest liquid staking protocols, to build an ETF that captures on-chain yields natively.
The move pushes ETF design forward. It blends traditional market structure with Solana’s high-speed staking economy. If the product gains traction, it could pressure other issuers to integrate direct staking models rather than off-chain approximations.
This is the clearest sign yet that legacy finance is beginning to embrace on-chain mechanics rather than merely tokenize exposure.
A New Chapter for Solana on Wall Street
Market timing couldn’t be more aligned. Solana is testing yearly highs. Developer activity is accelerating. New consumer apps and payment rails are expanding. And institutional research desks increasingly cite Solana as a credible multiyear infrastructure bet.
The wave of ETFs solidifies that thesis.
With Fidelity, Bitwise, VanEck, and Canary Funds entering the arena, Solana now has one of the deepest ETF pipelines outside Bitcoin. It places SOL directly in front of pension funds, RIAs, wealth managers, and global macro investors, groups that do not hold self-custody and rely on ETF markets for exposure.
The inflows could reshape Solana’s liquidity profile. It may also accelerate staking demand, validator growth, and protocol revenue.
For now, all eyes are on November 19.
Social Confirmation: Seyffart Signals the Launch
Bloomberg analyst James Seyffart broke the story early, confirming the launch schedule on X.
ALSO. @CanaryFunds will be launching their Solana ETF — $SOLC — tomorrow too. It’s in partnership with @MarinadeFinance who will be doing the staking. https://t.co/DKsDY3xymg
— James Seyffart (@JSeyff) November 18, 2025
His update triggered immediate attention across the ETF community. Seyffart’s coverage has become the unofficial indicator for institutional timelines in crypto markets. When he posts, the industry listens.
The Solana ETF landscape is forming fast. Large issuers are competing on fees, staking yields, and market timing. FSOL’s launch marks a milestone, but the real story is bigger: Wall Street now sees Solana as a core digital asset, not an experiment.
The next phase begins this week. And with $450M already flowing into early products, the race is only getting started.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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