The crypto ETF market hits a major milestone this week with the simultaneous launch of several Solana spot funds. Fidelity and Canary Funds introduce innovative products that could reshape institutional access to SOL.
November 19, 2025 marks a turning point for the Solana ecosystem with the launch of two new spot ETFs on the US market. Fidelity launches its FSOL with management fees set at 0.25%, an aggressive pricing strategy that directly targets market share conquest against established players. This offensive is part of rapid growth momentum for investment products backed by SOL.
The Solana fund portfolio is expanding considerably. Bitwise’s BSOL already shows nearly $450 million in assets under management, while VanEck has just listed its VSOL. Grayscale is also preparing its entry into this segment, confirming institutional appetite for the third-largest cryptocurrency by market capitalization. This multiplication of investment vehicles reflects growing market maturity and sustained demand from traditional investors.
The major innovation comes from Canary Funds which deploys its SOLC on the same day as Fidelity. The fund partners with Marinade Finance to directly integrate on-chain staking into its structure. This approach allows shareholders to simultaneously access SOL price exposure and validation rewards, all within a regulated framework.
The partnership with Marinade Finance, one of the leading liquid staking protocols on Solana, represents a significant technical advancement. Investors thus benefit from additional yield without having to manage the operational complexity of staking: no wallet to secure, no constraining unbonding period, and no need to understand the subtleties of the validator network.
This staking integration nevertheless raises questions about the final fee structure and reward redistribution. The average annual yield for SOL staking oscillates around 6 to 7%, but Marinade protocol fees and ETF fees will naturally reduce this yield for the end investor.
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Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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