Spot solana ETFs may not have been on the bingo card for every advisor out there, but these funds are growing by the day.
Ever since Bitwise led the way with the release of the Bitwise Solana Staking ETF (BSOL), many competitors and firms have been racing to get a slice of the pie. After all, BSOL has already accrued well over $400 million in assets under management, as of November 18, 2025. The fund launched in late October 2025, showcasing significant interest in spot Solana exposure.
This rocketing demand could also be buoyed by BSOL’s temporary fee waiver. Bitwise is waiving the fees on BSOL for the first $1 billion in assets during the fund’s first three months. Afterward, the fund has a net expense ratio of 0.20%.
Mounting Competition
One firm that seems to have seen the appeal of offering a spot solana fund is VanEck. The firm recently launched the VanEck Solana ETF (VSOL). Much like BSOL, VanEck is also offering a significant fee waiver. VSOL’s fees are being waived until February 17, 2026, or until the fund hits the $1 billion AUM threshold. Following this, VSOL has an expense ratio of 30 basis points.
Fidelity Investments isn’t resting on its laurels, either. The firm has joined the spot solana ETF race, debuting the Fidelity Solana Fund (FSOL).
Much like its competitors, FSOL also offers a compelling fee waiver. However, this fund’s waiver extends for six months, unlike the three-month duration for BSOL and VSOL. Afterward, FSOL’s expense ratio sits at 25 basis points.
Competition shouldn’t be expected to slow down any time soon, either. Earlier today, 21Shares launched the 21Shares Solana ETF (TSOL). More firms and competitors are likely to follow suit as the month goes on.
These new solana ETFs come online at a fascinating junction for the crypto ETF space. Many are pulling funds out of bitcoin and ethereum due to weaker sentiment. Nonetheless, the enthusiasm and interest behind these new solana products is certainly palpable.
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