Fidelity expanded its crypto footprint on Tuesday with the launch of the Fidelity Solana Fund (NYSE:FSOL), its third spot crypto ETF and its first offering tied directly to SOL, the native token of the Solana blockchain. Solana, valued at roughly $80 billion, is one of the largest smart-contract platforms and a key rival to Ethereum, which commands a market cap near $380 billion.
FSOL launches with a temporary waiver in both its expense ratio and its staking-reward fees, the former through May 18, 2026. Investors will subsequently incur a 0.25% expense ratio, along with a 15% fee on staking rewards, placing the fund between low-cost competitors and higher-fee incumbents.
