SOL ETFs: A Right Royal Mess! 👑

Just yesterday, Fidelity, a name known even to simpletons, presented their own Solana fund, FSOL, to the populace on NYSE Arca. A slightly larger fee of 0.25% they impose, and a rather peculiar 15% levy on any rewards earned from “staking,” a practice I find quite…mysterious. Behold, they position themselves as the largest manager of these Solana ventures! And Canary Capital, not to be outdone, arrives with their Canary Marinade Solana ETF (SOLC), staking all its holdings. A bold move, perhaps foolish! VanEck, too, launched their VSOL, promising no fees… until they amass a billion dollars in assets. A cunning ploy, I say! 😈