Fidelity’s Spot Solana ETF FSOL Expected to Go Live on November 18

Core Insights - Fidelity is set to launch its spot Solana ETF on November 18, following VanEck's launch on November 17, marking an increase in competition in the Solana ETF space [1][2] - BlackRock has not filed for a Solana ETF or any altcoin ETF, raising questions about its potential entry into this market [2][4] Group 1: ETF Launches - Fidelity's spot Solana ETF will have a management fee of 0.25% [2] - Bitwise's BSOL was the first US spot Solana ETP, trading on the NYSE with a trading volume of $450 million [5] - VanEck launched a Solana Staking ETF on November 17 with zero fees until February 2026, after which a 0.30% sponsor fee will apply [6] Group 2: Market Dynamics - Fidelity is positioned to potentially become the largest asset manager in the Solana ETF category, according to analysts [3] - Canary Capital is also preparing to launch its Solana ETF under the ticker SOLC [3] - The collaboration between Fidelity and Marinade Finance for the staking aspect of the fund indicates a strategic partnership in the ETF's management [4]