Fidelity will debut a new Solana ETF on Tuesday, joining VanEck’s recent launch. Bitwise and Grayscale’s ETFs saw $390 million in net inflows within three weeks. Fidelity, a major asset manager, is entering the Solana ETF market, while BlackRock remains focused on other digital assets.

The competition in the Solana ETF market is heating up, with Fidelity and Canary Funds set to launch new offerings on Tuesday. Despite the recent influx of funds, the total investment in Solana ETFs remains small compared to the overall market. Fidelity’s entry into the space could attract institutional demand for SOL exposure.

BlackRock, Vanguard, and other major players are not currently pursuing Solana ETFs, leaving Fidelity as a leading contender in the market. Fidelity’s track record in the ETF space, coupled with its significant assets under management, positions the firm well to capitalize on growing interest in SOL investments.

Read more at Yahoo Finance: Solana ETF Competition Heats Up as Fidelity and VanEck Arrive on the Scene