21Shares to Launch Sixth Solana ETF Following SEC Approval
- 21Shares is set to launch its sixth Solana ETF after receiving approval from the SEC and Cboe.
- Fidelity Investments launched the Fidelity Solana fund (FSOL) on NYSE Arca with a management fee of 0.25% and a charge of 15% on staking rewards.
- Canary Capital introduced the Canary Marinade Solana ETF (SOLC) on Nasdaq, partnering with Marinade Finance for staking services over two years.
- On November 18, SOL ETFs recorded net inflows of $26.2 million, with Bitwise’s BSOL leading at $23 million, marking the fifteenth consecutive day of positive inflows.
- VanEck launched its VSOL fund on November 17 with an initial investment of $7.32 million and will offer no fees until it reaches $1 billion in assets.
Despite a decline in SOL’s price by over 10% this week, demand for staking remains strong among investors as evidenced by continued inflows into SOL ETFs.
The recent net inflows of $26.2 million highlight ongoing investor interest in Solana products despite market fluctuations.(Source)
