Fidelity and Canary Marinade Launch Solana ETFs, Total Net Inflow Reaches $30.09M in One Day

According to MetaEra, on November 18 (EST), Fidelity Solana Fund (FSOL) and Canary Marinade Solana ETF (SOLC) were listed on the New York Stock Exchange and Nasdaq, respectively. As of now, there are five Solana spot ETFs listed in the U.S. According to SoSoValue data, Solana spot ETFs recorded a total net inflow of $30.09 million on November 18. FSOL saw a net inflow of $2.07 million on its first day, with a trading volume of $8.58 million and total net assets of $5.38 million. SOLC had no net inflow, with a trading volume of $130,000 and total net assets of $820,000. Bitwise Solana ETF (BSOL) recorded the highest single-day net inflow of $23 million. As of the time of writing, the total net assets of Solana spot ETFs reached $59.4 million, with a net asset ratio of 0.76% and cumulative net inflows of $42 million. Fidelity Solana Fund supports cash or in-kind redemption, with a management fee of 0.25%, and allows Solana to generate additional returns through staking, with a 15% split between the manager and staking provider, and the remaining 15% going to investors. Canary Marinade Solana ETF also supports cash or in-kind redemption, with a management fee of 0.50%, and allows Solana to generate additional returns through staking, with no additional split for the manager.