Fidelity Investments is set to launch its Solana Fund (ticker: $FSOL) on November 18, marking its entry into the spot ETF market for Solana. The fund, which tracks the Fidelity Solana Reference Index (FIDSOLP), will have a management fee of 0.25% and includes collateralized yields on SOL. Fidelity's entry into this market positions it as the largest asset manager offering a Solana ETF, joining competitors such as Bitwise's $BSOL, VanEck's $VSOL, and Grayscale.