21Shares Files Final Prospectus, Readies New Solana ETF for Market

TLDR

• 21Shares has completed its final SEC filing for its Solana ETF and is cleared to begin trading.
• The fund will charge a management fee of 0.21 percent, which is the lowest among current Solana ETFs.
• Cboe has approved the listing and registration of the ETF, allowing its official market launch.
• Fidelity has launched its own Solana ETF, FSOL, on NYSE Arca, with a 0.25% fee.
• Canary Capital has introduced the SOLC ETF on Nasdaq in partnership with Marinade Finance for staking.

21Shares has finalized its U.S. SEC filing, confirming the launch of its Solana ETF. This brings the number of Solana ETFs in the market to six. The product may begin trading today, with a management fee of 0.21%.

The SEC’s website showed that Cboe approved the listing. This clears the final hurdle for the ETF’s market entry. The development follows recent crypto ETF activity by 21Shares.

Last week, 21Shares introduced two crypto index ETFs. These covered Bitcoin, Ethereum, Solana, and Dogecoin. The products are registered under the Investment Company Act of 1940.

Fidelity Launches FSOL on NYSE Arca

Fidelity Investments launched its Solana ETF under the ticker FSOL. The fund started trading yesterday on NYSE Arca. It applies a 0.25% management fee and a 15% staking reward charge.

This makes Fidelity the largest asset manager offering a Solana ETF. The firm has not disclosed its initial assets. The FSOL fund provides direct exposure to Solana and staking yield.

The fund joins other Solana ETFs launched in recent weeks. FSOL focuses on institutional-grade custody and compliance. The strategy emphasizes the benefits of staking under regulated conditions.

According to market records, FSOL started with positive investor traction. Early volume data suggests strong retail and institutional interest. However, full weekly inflows are yet to be reported.

Canary Capital Adds SOLC Fund on Nasdaq

Canary Capital launched its Solana ETF named SOLC. The fund trades on Nasdaq and uses Marinade Finance for staking. Marinade will serve as the sole staking partner for two years.

SOLC plans to stake all its SOL holdings in standard market conditions. This strategy allows staking rewards to enhance fund returns. The ETF aims to maintain complete transparency in staking activity.

The fund does not charge extra staking fees. It uses a single management fee model. This may appeal to cost-conscious investors seeking exposure to Solana.

Canary Capital joins a growing list of SOL ETF issuers. The launch increases competition in the Solana ETF segment. Each issuer now offers a unique staking and fee model.

21Shares ETF Joins Competitive SOL Market

21Shares will enter a crowded space with its Solana ETF. The product differentiates with a 0.21% fee structure. This is currently the lowest among existing Solana ETFs.

The company completed its final prospectus filing on Tuesday. This followed Cboe’s recent approval of the listing. “The fund is now cleared for trading,” said an official.

21Shares recently launched two crypto index ETFs. These covered Solana alongside Bitcoin, Ethereum, and Dogecoin. Both products are regulated under the 1940 Act.

The 21Shares Solana ETF is expected to follow a direct exposure model. It may or may not include staking. Further details are expected at market open.

Solana ETFs posted $26.2 million in inflows on November 18. Bitwise’s BSOL led the day with $23 million. This marked the fifteenth consecutive day of inflows.

This happened while Bitcoin and Ethereum ETFs recorded outflows. Investors continued to support SOL funds during price weakness. Solana’s price dropped over 10% in the past week.

VanEck’s VSOL launched on November 17 with $7.32 million. It uses SOL Strategies for staking and charges no fees until it reaches $1 billion in AUM. This approach may appeal to long-term holders.

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