Five Firms Target $2B in Solana ETFs, Defying Market Price Slump

Five financial firms filed for Solana ETF products. These filings collectively target $2 billion in assets.

Bitwise’s BSOL leads the sector with over $1 billion in assets. The product currently captures 78% of all net inflows for the market.

Fidelity, 21Shares, Canary Capital, and Grayscale submitted filings for these investment vehicles. Morgan Stanley also filed for a separate Solana trust.

Solana (SOL) currently trades near $82.48 following a year-to-date decline.