Fidelity и Canary Capital открывают новые горизонты с Solana-ETF на NYSE и Nasdaq Translation: Fidelity and Canary Capital Open New Horizons with Solana-ETF on NYSE and Nasdaq

On November 18, trading commenced for spot exchange-traded funds based on Solana from Fidelity (FSOL) and Canary Capital (SOLC) on the NYSE Arca and Nasdaq exchanges, respectively.

As of the time of writing, the trading volume for FSOL had reached $3 million, while SOLC’s figure was significantly lower at around $35,000. Information regarding the AUM and inflows is currently unavailable.

According to a statement from Canary, their ETF offers access to the native SOL token through the Marinade liquid staking protocol.

The competing product also earns rewards through coin locking.

Nate Geraci, president of NovaDiusWealth, noted that Fidelity, which ranks as the third-largest asset management firm globally, has simultaneously launched direct SOL trading and a spot ETF based on the asset.

«Welcome to the future. Still surprised that BlackRock is sitting on the sidelines,» he added.

Since the debut of the spot SOL-ETF by Bitwise on October 28, products in this segment have experienced a 15-day streak of inflows. Other funds include GSOL from Grayscale and VSOL from VanEck.

Total net inflows into these instruments reached $390 million (data excluding the two new products). The overall assets under management amount to $513.48 million, representing 0.71% of Solana’s market capitalization.

Additionally, it is worth noting that on November 13, trading for spot ETFs based on XRP with the ticker XRPC from Canary Capital began on the Nasdaq exchange.