Fidelity's New Crypto Fund: Fidelity has launched the Fidelity Solana Fund (FSOL), its third spot crypto ETF, specifically tied to the Solana blockchain's native token, SOL, which has a market cap of approximately $80 billion.
Cost Structure and Staking: FSOL will initially have a waived expense ratio and staking-reward fees until May 2026, after which it will charge a 0.25% expense ratio and a 15% fee on staking rewards, while planning to stake up to 100% of its holdings.
Competitive Landscape: FSOL enters a competitive market with existing products like the Bitwise Solana Staking ETF (BSOL) and Grayscale Solana Trust ETF (GSOL), which offer different fee structures and staking rewards.
Custody and Staking Partnerships: Fidelity will manage and stake assets through partnerships with various custodians, including Anchorage Digital Bank and Coinbase Custody, while retaining some SOL for liquidity and expenses.
Wall Street analysts forecast FSOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSOL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast FSOL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSOL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 15.440
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Current: 15.440
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
