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11 Solana ETFs (and Their Fees and Promotions)

The SEC has approved the first spot Solana ETFs. Here’s what to know, plus how they compare to older Solana-related ETFs.

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Sam Taube

Lead Writer

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9 years of experience

Expertise

• Stocks
• ETFs
• economic news

Sam Taube writes about investing for NerdWallet. He has covered investing and financial news since earning his economics degree from the University of Maryland in 2016. Sam has previously written for Investopedia, Benzinga, Seeking Alpha, Wealth Daily and Investment U, and has worked as an editor for Investment U, Wealth Daily and Haven Investment Letter. He is based in Brooklyn, New York.

Published in

Lead Writer

Sam Taube writes about investing for NerdWallet. He has covered investing and financial news since earning his economics degree from the University of Maryland in 2016. Sam has previously written for Investopedia, Benzinga, Seeking Alpha, Wealth Daily and Investment U, and has worked as an editor for Investment U, Wealth Daily and Haven Investment Letter. He is based in Brooklyn, New York.

Chris Davis

Managing Editor

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12 years of experience

Expertise

• Brokerage accounts
• stock market
• cryptocurrency

Chris Davis is a Managing Editor on the Investing team. He has passed the Series 65 (Uniform Investment Adviser Law Exam) and covered the stock market, investing strategies, investment accounts and cryptocurrency. His work has appeared in The Associated Press, The Washington Post, MSN, Yahoo Finance, MarketWatch, Newsday and TheStreet.

Published in

Managing Editor

Chris Davis is a Managing Editor on the Investing team. He has passed the Series 65 (Uniform Investment Adviser Law Exam) and covered the stock market, investing strategies, investment accounts and cryptocurrency. His work has appeared in The Associated Press, The Washington Post, MSN, Yahoo Finance, MarketWatch, Newsday and TheStreet.

What is a spot Solana ETF?

A spot Solana ETF is an exchange-traded fund that invests directly in Solana (SOL), the seventh-largest cryptocurrency in the world by market capitalization.

In 2024, the Securities and Exchange Commission approved the first spot Bitcoin ETFs and spot Ethereum ETFs. Solana is the third cryptocurrency tracked by ETFs.

Although it’s not the most valuable cryptocurrency, Solana has a number of features that have put it on investors’ radars.

The cryptocurrency uses a proof-of-stake system to validate transactions, which is a more energy-efficient alternative to Bitcoin’s proof-of-work-based mining system. Staking allows Solana holders to generate passive income with their holdings; staking rewards are a bit like the crypto equivalent of dividends or interest payments. Some proposed Solana ETFs may pay a staking yield to investors, or automatically reinvest their staking income, to boost returns.

Also, the Solana blockchain hosts other cryptocurrency projects in addition to its native Solana token. Many meme coins, including the controversial TRUMP Coin launched by President Donald Trump last year, run on the Solana blockchain.

8 spot Solana ETFs and their fees

At the time of writing, eight ETF issuers have filed registration statements with the SEC for a spot Solana ETF. They’re listed below in order from lowest to highest fee.

Tip: You can buy these ETFs through a number of brokerages. Here's our list of the best brokerages to get you started in your search.

Fund name & symbol

Fee

Notes

Franklin Solana ETF (SOEZ)

0.19%

Fee waived until May 31, 2026, or first $5 billion in fund assets.

Bitwise Solana Staking ETF (BSOL)

0.20%

N/A.

21Shares Solana ETF (TSOL)

0.21%

N/A.

Invesco Galaxy Solana ETF (QSOL)

0.25%

N/A.

Fidelity Solana Fund (FSOL)

0.25%

Fee waived for first six months of trading.

VanEck Solana ETF (VSOL)

0.30%

N/A.

Grayscale Solana Trust (GSOL)

0.35%

N/A.

Canary Marinade Solana ETF (SOLC)

0.50%

Fee waived until July 1, 2026, or until the federal funds rate is lowered to 3% or lower, whichever comes first.

Sources: Fund websites and SEC EDGAR system. Data is current as of March 6, 2026, and is intended for informational purposes only.

Could there be a price war in Solana ETFs?

It’s worth noting that in the days leading up to the approvals of Bitcoin and Ethereum ETFs, issuers engaged in a last-minute race to the bottom in terms of fees. Many filed amended SEC documents slashing their fees and announcing new fee-waiver promos to try to undercut their competitors, who often responded by filing their own fee-slashing amendments hours later.

History seems to be repeating itself with the recent Solana ETF launches, as many issuers have announced fee-waiver promos. So if you’re reading this article a few days after the "updated" date, it’s worth double-checking the fees of a specific ETF on the issuer’s website. We will do our best to keep the table above updated, but we’re human — there’s a chance the numbers could be outdated by the time you read them, given how quickly amendments can be made.

Brokerage firms

on Charles Schwab's website

on E*TRADE's website

on Vanguard's website

on Fidelity's website

Other ways to invest in Solana

If you’re looking for other ways to invest in Solana, there are a few ways to get exposure to the cryptocurrency outside of the spot ETFs listed above.

Solana strategy ETFs

There were already a few Solana strategy ETFs on the market before the recent launches. These are ETFs that indirectly track the returns of Solana (or some multiple of them) by investing in Solana derivatives. There are three Solana strategy ETFs on the market that invest at least 50% of their non-cash-equivalent holdings in Solana and/or its derivatives. They're listed below from lowest to highest fee. Leveraged ETFs are marked with an * asterisk.

Fund name & symbol

Fee

Notes

REX-Osprey SOL + Staking ETF (SSK)

0.75%

Invested in Solana, Solana derivatives, a spot Solana fund and Treasury bills.

VolatilityShares Solana ETF (SOLZ)

1.15%

Invested in Solana futures. Fee reduced to 0.95% until June 30, 2026.

VolatilityShares 2x Solana ETF (SOLT)*

1.85%

Invested in Solana futures, targeting 2x the daily returns of Solana.

Sources: The Block and fund websites. Data is current as of market close March 6, 2026, and is intended for informational purposes only.

Note that these types of ETFs often charge higher fees than the proposed spot ETFs, and their returns may diverge significantly from those of Solana itself due to their indirect investing methods.

Solana futures

If you know how to trade futures, buying Solana futures is another way to get Solana exposure. The Chicago Mercantile Exchange launched Solana futures trading in March of 2025, and the contracts are now available through many futures brokers.

But futures trading isn’t for everyone — it can be risky, and can have a steep learning curve.

» MORE: Best online brokers for futures trading and commodities

Investing directly in Solana

The other way to invest in Solana is by purchasing the cryptocurrency itself. The price of the Solana token is volatile; in 2025, it saw highs above $250 and lows near $100, which gave short-term traders the opportunity to make (or lose) a lot of money on its swings.

Investing in Solana itself may have some advantages over buying a Solana ETF — for example, no expense ratio and more control over staking. (Even the ETFs that have staking features will have discretion over how much of their Solana they stake, how long they stake it and what they do with the rewards. If you own the cryptocurrency outright, these decisions are up to you.)

» MORE: Best crypto exchanges, platforms and apps

The bottom line on Solana ETFs

The launch of Solana ETFs creates a new way to invest in one of the biggest and most dynamic altcoins. Many retirement accounts do not allow users to directly purchase cryptocurrencies like Solana, but spot Solana ETFs could solve this problem.

Now, will the launch of Solana ETFs boost the price of Solana itself? That’s harder to say, based on crypto ETF history. To look at another example: The first spot Ethereum ETFs started trading in July 2024, and it has experienced significant volatility between then and now. Ether prices slid significantly in the months after the ETFs launched, and at certain points in 2025, the cryptocurrency was down more than 50% from its price at ETF launch time.

» MORE: Best ETF platforms and brokers

More on crypto, ETF and alternative asset investing

How to get a crypto wallet

Best-performing cryptocurrencies

Best-performing commodity ETFs

The author owned Bitcoin and Ethereum at the time of publication.

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