PiCK
Fidelity·Canary Capital simultaneously launch Solana spot ETFs… institutional competition intensifies
Summary
- It said that competition for Solana spot ETFs in the United States is expected to intensify.
- Fidelity's FSOL listing is scheduled, and the management fee was set at 0.25%.
- Canary Capital also said it will launch Solana spot ETF including staking 'SOLC'.
Competition for Solana (SOL) spot exchange-traded funds (ETFs) in the United States is expected to intensify.
On the 18th (local time), Eric Balchunas, a Bloomberg ETF analyst, said, "Fidelity's Solana spot ETF (FSOL) is scheduled to be officially listed soon, and the management fee has been set at 0.25%."
Fidelity is the largest asset manager to enter the Solana ETF market, and with BlackRock not participating in the field, it is expected that competition for institutional inflows will intensify. Bitwise's BSOL has already secured the market with USD 450 million, and VanEck's VSOL is also listed.
Meanwhile, on the same day Canary Capital also plans to launch the Solana spot ETF 'SOLC' including staking in cooperation with Marinade Finance.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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