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- 21Shares launches sixth U.S. spot Solana ETF with a 0.21% fee.
- Solana ETFs report $26.2M inflows despite price volatility.
- Institutional interest in SOL grows with multiple ETFs offering varied staking strategies.
The U.S. crypto market is witnessing a surge in Solana-based ETFs as 21Shares prepares to launch its latest spot Solana ETF following its final SEC prospectus filing. With approval from Cboe, the fund is set to begin trading today, marking the sixth spot SOL ETF in the U.S. and offering a competitive management fee of just 0.21%. This move highlights growing institutional interest in Solana, even amid recent price dips.
A Crowded Solana ETF Landscape
The Solana ETF space has become increasingly competitive. Fidelity unveiled its FSOL fund on NYSE Arca with a 0.25% management fee and a 15% fee on staking rewards, positioning itself as the largest asset manager in the SOL ETF market. Canary Capital entered with the Canary Marinade Solana ETF (SOLC), staking all holdings through Marinade Finance for the next two years. VanEck launched its VSOL fund on November 17, starting with $7.32 million in assets and offering zero fees until the fund reaches $1 billion.
21Shares has also expanded its product line with two crypto index ETFs under the Investment Company Act of 1940, providing diversified exposure to Bitcoin, Ethereum, Solana, and Dogecoin. This rapid growth of Solana-focused ETFs reflects increasing institutional confidence in the blockchain’s long-term potential.
Also Read: Solana Price Prediction 2025: SOL Forecast & Bullish Outlook
SOL ETF Inflows Remain Resilient
Investor demand for Solana ETFs remains robust despite SOL’s recent price weakness. On November 18, Solana ETFs reported $26.2 million in net inflows, marking the 15th consecutive day of positive flows. Bitwise’s BSOL fund led with $23 million in inflows, contrasting with Bitcoin and Ethereum spot ETFs, which experienced outflows. This trend suggests that institutional investors see Solana as a high-conviction, long-term asset, valuing its staking rewards, network speed, and growing ecosystem.
Institutional Trust Strengthens
The launch of 21Shares’ ETF brings the total number of actively traded U.S. Solana spot ETFs to six. Each fund offers unique staking approaches, fee structures, and exposure models, catering to diverse investor preferences. Despite broader crypto market volatility, Solana’s increasing popularity among institutional players highlights its role as one of the most sought-after crypto assets for long-term investment strategies.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
