Fidelity Solana ETF will officially launch tomorrow

According to ChainCatcher, Bloomberg analyst Eric Balchunas stated that Fidelity's spot ETF tracking Solana—Fidelity Solana Fund (ticker: $FSOL)—will be launched tomorrow, with a management fee of 0.25%. This ETF tracks the Fidelity Solana Reference Index (FIDSOLP) and includes staking rewards from SOL.

Fidelity is currently the largest asset management company entering this category, with competitors including Bitwise's $BSOL (currently holding $450 millions in assets), VanEck's $VSOL (already launched), and Grayscale.