Fidelity Solana ETF will officially launch tomorrow

According to Bloomberg analyst Eric Balchunas, Fidelity's spot ETF tracking Solana------Fidelity Solana Fund (ticker: $FSOL) will launch tomorrow, with a management fee of 0.25%. This ETF tracks the Fidelity Solana Reference Index (FIDSOLP) and includes staking rewards from SOL.

Fidelity is currently the largest asset management company entering this category, with competitors including Bitwise's $BSOL (currently at $450 million in assets), VanEck's $VSOL (already launched), and Grayscale.