- 21Shares’ final SEC filing positions it to become the sixth U.S. Solana ETF issuer.
- Multiple major asset managers launched new SOL ETFs as inflows stayed consistently strong.
- SOL price held above $139 despite weaker volume and continued institutional accumulation.
21Shares is preparing to enter the expanding U.S. Solana ETF market after filing its final prospectus with the Securities and Exchange Commission, a step that positions the firm to begin trading as early as today. The submission makes 21Shares the latest issuer to pursue a spot Solana product during a period of continued institutional inflows into SOL-linked funds, even as Solana’s market price has weakened over the past week. The filing also follows a coordinated acceleration of SOL ETF launches by several large asset managers.
The prospectus submitted on Tuesday includes a management fee of 0.21% for the upcoming ETF. Shortly after the document appeared on the SEC’s website, Cboe confirmed approval for the fund’s listing and registration. This action effectively opens the door for trading to commence once operational steps are completed.
The prospective launch follows the introduction of two crypto index products from 21Shares last week. Those funds, which provide regulated exposure across Bitcoin, Ethereum, Solana, and Dogecoin, became the first crypto index ETFs registered under the Investment Company Act of 1940.
New Entrants Expand U.S. Solana ETF Lineup
Fidelity added to the recent activity on Monday with the debut of its Solana ETF under the ticker FSOL. The fund is listed on NYSE Arca with a 0.25% management fee and includes a 15% fee on staking rewards. According to available information, Fidelity is currently the largest asset manager offering a Solana ETF.
Another entrant this week was Canary Capital, which introduced the Canary Marinade Solana ETF (SOLC) on Nasdaq. The product is partnered with Marinade Finance, which will serve as the exclusive staking provider for a minimum of two years. Under standard market conditions, the fund intends to stake its full SOL holdings.
VanEck also advanced its position in the sector on November 17 with the launch of its VSOL ETF. The fund opened with $7.32 million in assets and plans to collaborate with SOL Strategies for staking services. VanEck is offering a zero-fee structure until the fund reaches $1 billion in assets.
Strong ETF Inflows Contrast With Price Decline
Despite recent selling pressure, Solana ETFs recorded $26.2 million in net inflows on November 18, led by Bitwise’s BSOL fund with $23 million. The increase extended a 15-day streak of positive flows, occurring while both Bitcoin and Ethereum spot ETFs faced renewed outflows.
SOL Price Holds Above Key Level
Solana traded at $139.23 at the time of writing, marking a 1.94% daily gain, with market capitalization rising to $77.19 billion. The price fluctuated between $137.60 and the $139–$141 band, an area where buyers continued to absorb intraday dips.
Source: CoinMarketCap
Trading volume slipped nearly 38% to $5.71 billion, indicating lighter activity despite midday recoveries. Circulating supply is now 554.39 million SOL.
Stay informed with daily updates from Blockchain Magazine on Google News. Click here to follow us and mark as favorite: [Blockchain Magazine on Google News].
Disclaimer: Any post shared by a third-party agency are sponsored and Blockchain Magazine has no views on any such posts. The views and opinions expressed in this post are those of the clients and do not necessarily reflect the official policy or position of Blockchain Magazine. The information provided in this post is for informational purposes only and should not be considered as financial, investment, or professional advice. Blockchain Magazine does not endorse or promote any specific products, services, or companies mentioned in this posts. Readers are encouraged to conduct their own research and consult with a qualified professional before making any financial decisions.
About the Author: Peter Mwangi
