Fidelity joins the Solana ETF lineup, pushing SOL back above $140.

Fidelity, one of the world's largest asset managers, has joined the ranks of Solana ETFs, including one with staking functionality. Fidelity is the fourth company to launch a Solana ETF, and according to SoSo Value data, the Solana ETF has seen net inflows for the 15th consecutive day! Currently, the net asset value of the three ETFs is $510 million. However, the price of Solana has recently lacked support, still down 26% year-to-date and more than halved from its all-time high of $295 at the beginning of the year.

Fidelity joins the Solana ETF battle

The Fidelity Solana Fund (FSOL) will officially list on the NYSE on November 19th, with an expense ratio of 0.25%. This is Fidelity's third crypto ETF after Bitcoin and Ethereum, and its first ETF to include staking functionality.

Fidelity is the fourth company to launch a Solana ETF. Bitwise launched its SOL ▲ ETF in late October, followed by Grayscale. VanEck's VSOL is also on the horizon, and Canary Capital is expected to launch its Solana ETF (SOLC).

According to SoSo Value data, the SOL ▲ ETF has seen net inflows for 15 consecutive days! The current net asset value of the three ETFs is $510 million.

However, there has been no news yet from BlackRock joining the Solana ETF battle.

SOL has rebounded to $140, but is still down 26% year-to-date.

Despite the expansion of holdings by institutional and retail investors through ETFs, Solana's price has recently lacked support, falling 26% year-to-date and halving from its all-time high of $295 at the beginning of the year.