Solana ETFs Launch on NYSE and Nasdaq Amid Growing Interest

According to Foresight News, on November 18, Fidelity Solana Fund (FSOL) and Canary Marinade Solana ETF (SOLC) were officially listed on the New York Stock Exchange and Nasdaq, respectively. This brings the total number of Solana spot ETFs trading in the United States to five. Data from SoSoValue indicates that on November 18, Solana spot ETFs saw a total net inflow of $30.09 million. On its first day of trading, FSOL recorded a net inflow of $2.07 million, with a trading volume of $8.58 million and a total asset value of $5.38 million. SOLC, however, did not see any net inflow on its debut, with a trading volume of $130,000 and a total asset value of $820,000. The Bitwise Solana ETF (BSOL) experienced the highest single-day net inflow of $23 million, with historical total net inflows reaching $388 million. As of the time of reporting, the total asset value of Solana spot ETFs stands at $594 million, with a Solana net asset ratio of 0.76% and cumulative historical net inflows of $420 million. The Fidelity Solana Fund allows for cash or physical redemption, with a management fee rate of 0.25%. It supports Solana staking for additional returns, with a profit-sharing ratio of 15% for both the manager and staking provider, while the remaining 15% goes to investors. The Canary Marinade Solana ETF also supports cash or physical redemption, with a management fee rate of 0.50%. It offers Solana staking for additional returns without charging extra profit-sharing fees.