Solana ETFs Set for Competitive Week as Fidelity, Canary, and Grayscale Enter the Market

Solana’s ETF race is accelerating this week as several asset managers prepare new products, adding fresh momentum to the ecosystem. Fidelity plans to bring its spot Solana ETF, FSOL, to market on November 19 with a 25-basis-point fee, according to analysis shared by James Seyffart. This development arrives as trading activity around Solana rises and investors follow strong inflow streaks across the existing ETFs.

Multiple Issuers Enter the Market

The rollout begins with Bitwise’s BSOL, which reached the market first with roughly $450 million in size. VanEck’s VSOL also went live this week and introduced an incentive that waives sponsor fees until the product reaches $1 billion in assets or until February 17, 2026. 

Additionally, Grayscale joined the group to broaden its Solana lineup. Canary Funds plans to bring SOLC into trading on the same day as FSOL. The firm partnered with Marinade Finance to handle on-chain staking, giving its structure a different design from traditional ETF formats.

Besides, the competitive pressure increased as Solana ETFs posted $8.2 million in net inflows yesterday. Most activity came from BSOL, which extended Solana’s streak to 14 consecutive sessions of inflows.

Conversely, Bitcoin and Ethereum products continued to record outflows during the same period. Hence, the current direction shows a rotation toward Solana among ETF investors.

SOL Price Tests Monthly Support 

Solana trades near $137 as of press time after falling more than 15% over the last week. The price now approaches the $130 monthly support level. Analysts at curb.sol identify this region as a structural floor that formed during earlier fear phases. Additionally, the RSI formed a hidden bullish divergence, which signals potential trend continuation if buyers protect the zone.

Source: X

Moreover, a defense of $126–$130 may allow Solana to stabilize and push toward the yearly open near $189. A reclaim of that zone could open a path to the mid-$200 range. However, losing the monthly support would weaken the trend and delay any recovery attempts.