Fidelity Solana Fund (FSOL) is a Delaware statutory trust and exchange-traded product sponsored by FD Funds Management LLC that seeks to track the performance of SOL, the native token of the Solana blockchain, and provide investors with exposure to SOL and potential staking rewards through a familiar listed investment structure. The fund is headquartered in Boston, Massachusetts, and was launched in November 2025.
The fund invests solely in SOL and uses Fidelity’s Solana Reference Rate as its benchmark, with shares designed for trading on the NYSE Arca and availability through brokerage, trust, and tax-advantaged accounts, including IRAs. FSOL’s custodian network includes Anchorage Digital Bank NA, BitGo Trust Company, and Coinbase, and the product is positioned for investors with high risk tolerance given SOL’s volatility and liquidity risk.
FSOL’s core offering centers on pass-through exposure to SOL price performance plus staking economics; Fidelity waives the fee on staking rewards through May 18, 2026 on the first $1 billion in assets, after which a 15% staking fee applies, while the fund’s contractual expense ratio becomes 25 basis points starting May 19, 2026. In 2026, Fidelity also formalized expanded staking authority in updated SEC filings, allowing the fund to stake up to 100% of holdings and establishing quarterly cash distributions tied to staking rewards.
Recent company changes include the fund’s launch in late 2025, the May 2026 fee transition, and the August 2026 prospectus update that codified full staking authority and quarterly distributions. As of mid-2026, FSOL had scaled to more than $100 million in assets and was actively staking nearly all of its SOL holdings, underscoring Fidelity’s strategic expansion into digital-asset exchange-traded products.