FSOL ETF Rated 'Hold': Fidelity Stakes Less Than BSOL's 100%, Solana's Users Flee Like a Failed Merge

Analyst Mike Fay gives the Fidelity Solana Fund ETF a "hold" rating due to its lower staking ratio and comparable fees. The Solana network shows declining daily active addresses and transactions, raising concerns about utility and competitiveness. As of late-October, Bitwise Solana ETF is preferred over Fidelity Solana Fund ETF due to its lower expense ratio and 100% staking, amid Solana's stablecoin growth and declining network metrics, with daily active addresses and transactions decreasing, sparking concerns about the network's future.