Digital Assets

Introducing the Fidelity® Solana Fund

Incorporating SOL and staking rewards into your clients' portfolios is easer than ever with Fidelity Solana Fund (FSOL).

View pricing & performance View prospectus
This product is for investors with a high risk tolerance and invests solely in SOL, which is highly volatile and could become illiquid. Investors could lose their entire investment. Please see the additional digital assets disclosure below.

An easier path to crypto

Your clients can now invest indirectly in SOL cryptocurrency and gain access to lower correlated income through staking rewards with Fidelity® Solana Fund, giving you another way to consider integrating digital assets into your practice.

Simplicity

With a familiar investment structure, 
standard reporting, and transparent pricing, FSOL can help add value to your practice and your client's portfolio.

Experience

Fidelity has been researching cryptocurrency and developing blockchain solutions since 2014.

Value

Staking rewards, competitive pricing, and no lockups can help FSOL add value to your practice and your client's portfolio.

What is SOL cryptocurrency?

Use these Q&As about Solana to become your clients’ go-to resource on these topics.

What is Solana?
What is Solana?

The Solana network is a programmable blockchain designed to support decentralized applications and crypto assets at scale. The network’s decentralized computing platform is designed for scalable smart contract execution and high-speed transactions.
What is SOL?
What is SOL?

SOL (sometimes "Solana") is the Solana network's native token. SOL can be used as a method to pay for transactions on the Solana network ("on-chain transactions"); as a potential investment; as an aspiring payment method; or for trading on crypto exchanges.
What’s the difference between direct ownership (“spot”) and investing through Fidelity’s spot crypto ETPs?
What’s the difference between direct ownership (“spot”) and investing through Fidelity’s spot crypto ETPs?

Fidelity’s spot crypto ETPs (i.e., FBTC, FETH, FSOL) provide indirect exposure to the price of cryptocurrencies through an investment product available on traditional stock market exchanges. These funds operate like other exchange-traded products, trading during stock market hours with certain fees charged as a contractual expense ratio. Spot crypto ETPs can be bought in brokerage accounts, trusts, and IRAs.

Direct ownership of cryptocurrency (“spot crypto”) means that the investor owns the actual assets and is individually responsible for the secure custody of their crypto via a wallet or third-party custodian. In doing so, the investor may have access to 24/7 trading and can move assets via the blockchain. The fees paid on transactions are defined by the individual exchanges, typically based on the size of the transaction, demand for block space, and the exchange’s fee model. Third-party custodians may also apply a custody fee.
What’s an ETP? Is it different than an ETF?
What’s an ETP? Is it different than an ETF?

All ETFs are part of a broader category called exchange-traded products (ETPs), which are listed on an exchange and can be bought and sold during market hours like a stock. ETFs, the most common type of ETP, are governed by the Investment Company Act of 1940 and are pooled investment opportunities that typically include baskets of stocks, bonds, and other asset groups based on fund objectives. Fidelity’s spot crypto ETPs are similar to ETFs in that they trade on an exchange, however, the funds are ETPs that hold 100% cryptocurrencies and do not invest in securities; therefore, they are not subject to the Investment Company Act of 1940.
What is staking?
What is staking?

Staking is the process of pledging crypto assets as collateral to become a validator on a blockchain network, receiving rewards in return for contributing to the network’s security. Similar to miners in a proof-of-work network (e.g., Bitcoin), validators on a proof-of-stake network (e.g., Ethereum, Solana) validate and organize new transactions.
Will FSOL stake SOL?
Will FSOL stake SOL?

Yes, FSOL participates in staking activity and expects to receive staking rewards as a result. The rewards generated by staking are reinvested into the ETP to enhance performance. The potential additional income provided by staking is realized by the investor through the NAV price. Staking fees are deducted from the rewards before reinvestment.
What are the risks of staking SOL in an ETP structure?
What are the risks of staking SOL in an ETP structure?

The amount of SOL the Trust may receive as a reward for its staking activity can vary significantly over time. Staking activity comes with a risk of loss of SOL, including in the form of “slashing” penalties which may be assessed by the SOL network if third-party validators contracted by the Trust’s Custodian either validate incorrect transactions or go offline for a prolonged period of time. There is no guarantee the Trust would recover any of its staked assets, or the value thereof, if it is subject to slashing or penalties. In addition, the Solana Network implements “activations” and “exit” buffer periods that may limit when assets may be unstaked and withdrawn. The Sponsor will seek to mitigate this liquidity risk, but this may result in less than all of the Trust’s SOL being staked, which would reduce the potential amount of staking rewards received by the Trust and the value of Shares.

(FBTC Prospectus | FETH Prospectus | FSOL Prospectus)

A vision for digital assets. The experience to make it happen.

At our core, Fidelity Investments is committed to innovation, which has helped drive growth during shifting market conditions and consumer preferences. With a firm-wide focus on digital assets, Fidelity is developing a blockchain ecosystem with the goal of becoming a holistic solutions provider.

2014
Fidelity began researching digital assets and blockchain technology.
2018
Fidelity became the first traditional firm to onboard and custody an institutional manager’s bitcoin—through Fidelity Digital Assets®.
2020
Fidelity Digital Assets® added an asset management arm and collateral agent capabilities.
2023
Launched Fidelity Crypto® for Wealth Managers for advisors in Wealthscape℠.*
2024
Launched Fidelity® Wise Origin® Bitcoin Fund (FBTC) and Fidelity® Ethereum Fund (FETH).**
2025
Launched Fidelity® Solana Fund (FSOL).**
  • * Fidelity Crypto® for Wealth Managers is a service of Fidelity Digital Assets®. Accounts for and custody and trading of digital assets are provided by Fidelity Digital Asset Services, LLC, which is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business (NMLS ID 1773897).

    ** Spot crypto ETPs are not investment companies registered under the Investment Company Act of 1940 (the “1940 Act”) nor are they commodity pools under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of spot crypto ETPs do not have the protections associated with ownership of shares in a registered investment company nor are shareholders afforded the protections of investing in an CEA-regulated instrument or commodity pool. FBTC, FETH, and FSOL must be preceded or accompanied by its prospectus (FBTC Prospectus | FETH Prospectus | FSOL Prospectus).

    Fidelity Digital Assets® is a subsidiary of Fidelity Investments® and operates as a separate business dedicated to digital assets.
A solid foundation

With over 70 years of securities market experience, Fidelity is building on a growing market presence in digital assets. Fidelity Digital Asset Management is a business within Fidelity Investments focused on developing investment products and capabilities that provide exposure to digital assets. The team supports investor education and implementation using Fidelity solutions, while leading efforts in crypto research, asset tokenization, trading, and settlement.

Fidelity® Solana Fund (FSOL)

Learn more about FSOL and how you can give clients easier exposure to the digital assets market.

View pricing & performance View prospectus

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The Fund's assets will be held in one or more accounts maintained for the Fund by Fidelity Digital Asset Services, LLC (as Custodian) or at local custodian banks which may be located in other jurisdictions. The insolvency of the Custodian or of any local broker, custodian bank, or clearing corporation may result in the loss of all or a substantial portion of the Fund's assets. Additionally, custody of digital assets presents inherent and unique risks relating to access loss, theft, and means of recourse in such scenarios. Recourse of the Fund and the investors to the Custodian is limited.

Digital assets are highly volatile, and their market movements are very difficult to predict. Various market forces may impact their value including, but not limited to, supply and demand, investors’ faith and their willingness to purchase it using traditional currencies, investors’ expectations with respect to the rate of inflation, interest rates, currency exchange rates, an evolving legislative and regulatory environment in the U.S. and abroad, and other economic trends. Investors also face other risks, including significant and negative price swings, flash crashes, and fraud and cybersecurity risks. Digital assets may also be more susceptible to market manipulation than securities.

Staking rewards can vary significantly over time. Staking activity comes with a risk of loss including in the form of “slashing” penalties which may be assessed if third party validators contracted by the Trust's Custodian either validate incorrect transactions or go offline for a prolonged period of time. There is no guarantee a Fund will recover any of its staked assets, or the value thereof, if it is subject to slashing penalties. In addition, activation and exit buffer periods may be instituted, which may limit when assets may be unstaked and withdrawn. This may result in less than all of a Fund’s assets from being staked, which would reduce the potential amount of staking rewards received by the Trust and the value of Shares.

The performance of each fund or funds will not reflect the specific return an investor would realize if the investor actually purchased cryptocurrency. Investors in either fund will not have any rights that cryptocurrency holders have and will not have the right to receive any redemption proceeds in the underlying cryptocurrency.

Spot crypto ETPs must be preceded or accompanied by its prospectus (FBTC Prospectus | FETH Prospectus | FSOL Prospectus). Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses.

“Fidelity Investments” and/or “Fidelity” refers collectively to FMR LLC, a U.S. company, and its subsidiaries, including but not limited to Fidelity Management & Research Company LLC (FMR).

© 2025 FMR LLC. All rights reserved.

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