Solana continues drawing strong institutional attention as another major asset manager moves to join the expanding ecosystem of SOL-linked products. 21Shares is preparing to introduce its sixth spot Solana ETF today after submitting a final prospectus with the U.S. Securities and Exchange Commission.
The approval appeared on the SEC website shortly after the filing, signaling that the fund is cleared to begin trading. The launch adds further momentum to a month marked by rising inflows, multiple new ETFs, and firm demand across major platforms.
Expanding Lineup of Solana ETFs Gains Attention
The upcoming product from 21Shares features a 0.21% management fee and arrives only a week after the firm introduced two crypto index ETFs. Those earlier products offered regulated exposure to Bitcoin, Ethereum, Solana, and Dogecoin. Hence, today’s launch strengthens the firm’s presence in the regulated crypto ETF market and broadens investor choice.
Several asset managers have joined the growing lineup. Fidelity launched its FSOL fund yesterday on NYSE Arca with a 0.25% fee and a 15% charge on staking rewards.
Moreover, Canary Capital introduced the SOLC fund on Nasdaq in collaboration with Marinade Finance. The partners plan to stake all SOL held under normal conditions for at least two years. VanEck recently entered the market as well, starting its VSOL fund with $7.32 million and offering a fee waiver until assets reach $1 billion.
Inflows Extend to a Sixteenth Day
Institutional participation continues to grow alongside new product launches. Data from Farside Investors shows uninterrupted inflows into SOL ETFs for sixteen consecutive sessions.
Bitwise recorded $388.1 million in flows, while VanEck added $1.8 million. Fidelity posted $2.1 million, and Grayscale captured $28.5 million. Consequently, total inflows reached $421 million with no outflow days reported.
Solana’s spot price reacted with modest strength. The token traded near $140.26 after rising 2.28% in the past day, though it remains lower on the week. Market cap stood near $77.7 billion with trading activity exceeding $6 billion.
Analyst Sees SOL Price Stabilizing Near Monthly Low
Source: X
Analyst johnnybtrader noted that Solana recently swept liquidity near $130 and attempted to establish a rounded intraday base. Price now trades around $141 as it seeks a firm reclaim of the range low. A move above $150 could shift momentum toward the mid-range. Moreover, liquidity positioned near $210 continues to attract attention as a programmed upside target.
Source: https://coinpaper.com/12448/21-shares-launches-sixth-spot-solana-etf-as-institutional-demand-extends-sixteen-day-inflow-streak
