Solana’s ETF boom is transforming the altcoin investment landscape. What started as a short-list of niche products has quickly turned into one of the most competitive categories on Wall Street, and now another heavyweight is stepping into the arena.
Key Takeaways
21Shares has received final regulatory clearance to launch its Solana ETF with a 0.21 percent fee.
Solana ETF inflows remain strong despite SOL losing more than 10 percent in the last week.
Bitwise’s BSOL continues to dominate inflows, marking its 15th straight day of positive capital.
If demand continues at this pace, SOL may soon stand alongside Bitcoin and Ethereum as a mainstream institutional asset.
21Shares Moves Into Launch Position
The newest entrant to the Solana ETF market is 21Shares. Regulatory filings published earlier this week show that the issuer has cleared the final step required for listing, with Cboe approving the product for trading shortly after the company submitted its final prospectus. The management fee is set at 0.21 percent — making it one of the most cost-efficient SOL ETFs in the U.S.
This isn’t 21Shares’ only expansion move. The firm recently rolled out two crypto index products offering exposure to Bitcoin, Ethereum, Solana and Dogecoin under the Investment Company Act of 1940. This places the asset manager among the most aggressive ETF issuers in the digital-asset segment.
Rival Issuers Turn Solana Into a High-Stakes Contest
The competitive momentum is intense. Fidelity has already activated its Solana ETF under the ticker FSOL, charging a 0.25 percent management fee and a 15 percent cut on staking rewards. Its massive brand presence gives it a unique advantage with institutions that prefer sticking to familiar names.
Canary Capital chose a different tactic. The firm listed the Canary Marinade Solana ETF (SOLC) on Nasdaq and intends to stake 100 percent of its SOL holdings during normal market conditions. Marinade Finance has secured exclusive staking rights for at least two years.
Meanwhile, VanEck seeded its VSOL fund with $7.32 million and partnered with SOL Strategies. Its no-fee model — valid until the product reaches $1 billion in AUM — signals an extremely aggressive bid to attract capital.
Inflows Remain Relentless Even as SOL Drops
Despite recent volatility, Wall Street has not backed away from Solana. On November 18, the collective Solana ETF category attracted $26.2 million in new inflows. Bitwise’s BSOL dominated the session with $23 million and has now posted 15 consecutive days of positive inflows, even as Bitcoin and Ethereum spot ETFs suffered additional withdrawals.
The irony: demand for Solana ETFs is accelerating while the token itself is under pressure.
Price Action: RSI and MACD Signal Oversold Territory
SOL is trading near $139.52, down more than 10 percent in the past week, and revisiting the same horizontal demand area that has historically triggered strong bullish reactions.
The chart shows:
• RSI at 35.31 – hovering just above oversold conditions, suggesting sellers may be exhausting.
• MACD below the signal line – confirming negative momentum, but the gap between the lines is narrowing, hinting that bearish momentum might be losing strength.
If buyers return at this price floor and ETF inflows continue at the current pace, SOL could stage a rebound. A clean recovery above $150 would break the downtrend structure and attract momentum-driven traders. On the other hand, if the support region fails, the next wave of selling could turn into a deeper capitulation.
What Happens When 21Shares Goes Live?
Once 21Shares activates trading, the United States will officially host six Solana ETFs — each offering distinct fee structures, staking models, and market strategies. This level of competition suggests that issuers expect long-term demand for SOL exposure rather than short-lived hype.
Whether the price follows in the short term remains to be seen, but capital inflows show that macro investors are already positioning for Solana’s next chapter.
