- VanEck launched its VSOL ETF with a fee waiver, kicking off the U.S. spot Solana ETF era.
- Fidelity followed with its FSOL launch, while Canary Capital preps a staking-focused ETF.
- Institutional demand is driven by Solana’s network stability and surging stablecoin liquidity.
The long-awaited era of U.S. spot Solana (SOL) ETFs has officially begun. VanEck led the charge on Monday, launching its product even as the broader crypto market faced significant sell-off pressure. Other global investment giants, including Fidelity, are now following suit to open the asset class to institutional capital.
Related: Solana ETFs See $350M Inflow, but $1B in Alameda Unlocks Caps Price
VanEck and Fidelity Kick Off ‘Solana ETF Season’
On November 17, VanEck, an investment firm with over $130 billion in assets under management, announced the launch of its SOL product dubbed VanEck Solana ETF (VSOL). The firm stated that the VSOL sponsor fee will be waived, until,
- The VSOL hits the first $1 billion in assets under management.
- The waiver is valid until February 17, 2026.
Other firms are launching similar products
Earlier on Tuesday, Nate Geraci, an ETF specialist, joined the Solana community in celebrating the launch of Fidelity’s spot Solana products. Notably, Fidelity launched its spot Solana ETF to offer institutional money a channel to gain exposure to the SOL price and staking.
Eric Balchunas, a senior ETF analyst commended spot Solana ETF products, even though BlackRock has stayed on the sidelines.
Meanwhile, Eleanor Terrett, a popular crypto journalist, noted that Canary Funds will launch its spot SOL ETF in the next 24 hours. She pointed out that Canary Funds will collaborate with Marinade Finance, to optimize gains for its Solana ETF product through staking.
Why Wall Street Is Betting on Solana
Network Stability and Security Drive Demand
The renewed institutional demand for Solana through spot ETFs has been heavily influenced by the network’s vibrant ecosystem. Amid the rising growth of algorithmic trading, the Solana network has completed a whole year without any downtime.
Previously, the Solana network experienced several network outages, especially during its peak of the memecoin hype. Meanwhile, Wall Street investors have shown interest in the Solana network due to its high security, which has not been broken by any modern security attacks.
Furthermore, some security analysts have argued that the Solana network may be more quantum-resistant than other top-layer one (L1) chains.
Surging TVL and the ‘GENIUS Act’ Effect
The notable rise in Solana network’s web3 activities during the last three years has heavily influenced the ongoing renewed demand from institutional investors. The vast number of DeFi projects built on the Solana network, which are especially based in the United States, has helped onboard more organic users.
Since November 17, 2023, Solana’s total value locked (TVL) has surged from $558 million to around $9.2 billion on November 18, 2025. With the enactment of the GENIUS Act by President Donald Trump, Solana’s stablecoin has surged by around $5 billion in the past six months.
As such, Wall Street firms are confident that billions of dollars will flow into the Solana market in the near future. Furthermore, the clear crypto regulatory frameworks in the United States, will help onboard more institutional funds.
Related: Solana Price Prediction: Buyers Defend $150 As Network Activity Surges And Outflows Ease
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Source: https://coinedition.com/spot-solana-etf-launch-vaneck-fidelity-vsol-fsol/
