21Shares is poised to launch a new Solana 
$84 ETF following its latest application to the US Securities and Exchange Commission (SEC). With the listing approval from Cboe Exchange, this ETF is now ready to commence trading. Offered with a 0.21% fund management fee, it marks the sixth spot Solana ETF available for trading in the US, reflecting strong ongoing institutional interest through consecutive ETF launches in recent weeks.
21Shares’ Bold New Solana ETF Initiative
Emerging as a leader in cryptocurrency management, 21Shares has obtained approval to launch its sixth spot Solana ETF following its recent filing with the SEC. According to information available on the regulatory body’s official site, Cboe Exchange has finalized the registration and listing of the ETF. Therefore, this innovative investment product can begin trading in US markets starting today.
The ETF is designed to offer investors Solana investments at a low management fee. This move by 21Shares follows the recent announcement of two cryptocurrency index funds covering Bitcoin 
$76,351, Ethereum 
$2,290, Solana, and Dogecoin 
$0.099449. These index products are noted as the first crypto ETFs recorded under the 1940 Investment Company Act, showcasing the company’s aim to deepen its diversified cryptocurrency investment strategy.
Fidelity and Canary Capital in the Arena
Fidelity Investments launched its Fidelity Solana ETF (FSOL) on November 18 at NYSE Arca. The ETF implements a 0.25% fund management fee and takes a 15% share from staking revenues. This launch has positioned Fidelity as the leading asset manager offering Solana-focused products.
Similarly, Canary Capital announced its Canary Marinade Solana ETF (SOLC), trading on Nasdaq. Through a partnership with Marinade Finance, all SOL assets in the fund will be staked through a single provider for at least two years. Moreover, VanEck entered the market on November 17 with its VSOL fund. The ETF, starting with an initial capital of $7.32 million, applies a zero-fee policy until it reaches a $1 billion asset size.
Despite a price decline, investment demand for Solana ETFs remains robust. As of November 18, total net inflows into ETFs had risen to $26.2 million. Bitwise’s BSOL ETF stands out with a $23 million inflow, marking positive entries for Solana ETFs for the 15th consecutive trading day.
