BREAKING: Fidelity Solana Fund Nears Launch as NYSE Arca Files Key Certification
Wall Street’s crypto embrace hits warp speed—again.
NYSE Arca just dropped the paperwork bomb: a certified filing for Fidelity’s Solana Fund. Translation? Institutional-grade SOL exposure is coming faster than a trader hitting ‘sell’ at resistance.
Why this matters (beyond the obvious)
Forget ‘if’—the question now is how fast legacy finance will cannibalize itself chasing crypto yields. Fidelity’s move isn’t just another fund launch; it’s a full-throated endorsement of Solana’s infrastructure—Ethereum’s ‘faster, cheaper’ rival that keeps eating its lunch.
The cynical take? Watch traditional asset managers suddenly discover ‘blockchain expertise’ when fees start drying up elsewhere. But hey—at least they’re finally reading the whitepapers.
Van Eck’s Solana ETF starts trading
Along with the pre-listing approval of Fidelity’s fund, Van Eck’s SOL ETF started trading with the ticker VSOL.
VanEck’s Solana ETF, $VSOL, is now live and trading.
Prospectus: https://t.co/qEAAqPSncb pic.twitter.com/SnNaE6YbWv
— VanEck (@vaneck_us) November 17, 2025
VSOL launched on Nasdaq with zero fees in the initial stage. The ETF will expose investors to SOL investments, as well as to passive income of 6% to 7% from staking the underlying SOL.
The zero-fee trading for VSOL will continue from November 17 to January 17, 2026, or until the first $1B in fees, whichever comes first. VSOL will use a third-party staking provider, which will also waive its on-chain fees. After the initial period, the ETF fee will be established at 0.30%.
After the initial interest in the Solana ETF, inflows stalled on November 17. For now, there have been no outflows from the ETF for a streak of more than 10 days. However, the coming days will show if the trend is retained.
SOL slides despite external buying
After the most recent market downturn, SOL slid further, to $131.19. In the past month, the SOL market deleveraged, sliding down to $2.7B in open interest.
At the current price level, SOL has a potential scenario of dipping further or breaking out from the lows in the case of a recovery.
A part of the slide for SOL may come from Forward Industries. One of the leading SOL treasuries started moving SOL to exchanges. On November 17, the fund started sending SOL to Coinbase Prime, sparking fears of an eventual sale.
Forward Industries holds 6.82M SOL in the biggest treasury so far, and selling may be a sign of unraveling for Solana-based treasury companies.
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