PANews reported on November 18 that, according to Bloomberg analyst Eric Balchunas, Fidelity's Solana Fund (ticker symbol: $FSOL), a spot ETF tracking Solana, will launch tomorrow (November 18, Eastern Time) with a management fee of 0.25%. The ETF tracks the Fidelity Solana Reference Index (FIDSOLP) and includes collateralized yields on SOL.

Fidelity is currently the largest asset management firm to enter this category, with competitors including Bitwise's $BSOL (currently with $450 million in assets), VanEck's $VSOL ( already launched ), and Grayscale.