Fidelity’s Solana ETF Filing Sparks $117M Inflows as SOL Eyes $220
Fidelity Investments has made a pivotal move in its pursuit of launching a Solana exchange-traded fund (ETF) by amending...
Quick overview
- Fidelity Investments has amended its S-1 filing to expedite the launch of its Solana ETF, removing a delaying provision.
- The Bitwise Solana ETF achieved $69 million in first-day inflows, setting a benchmark for institutional interest in Solana.
- Other asset managers like VanEck and Canary Funds are also preparing to launch their Solana ETFs by mid-November.
- Solana-focused investment products saw significant daily net inflows of $47.94 million, indicating growing investor confidence.
Fidelity Investments has made a pivotal move in its pursuit of launching a Solana exchange-traded fund (ETF) by amending its S-1 filing with the U.S. Securities and Exchange Commission (SEC). The update, submitted on October 29, 2025, removes a key delaying provision—meaning the ETF could automatically take effect within 20 days, barring SEC intervention.
This amendment marks a significant procedural step that could expedite the ETF’s market entry. Fidelity’s Solana Fund (FSOL) joins a wave of institutional interest following the success of the Bitwise Solana ETF, which recorded $69 million in first-day inflows for its $BSOL product.
Other asset managers, including VanEck and Canary Funds, have also revised their Solana ETF filings and are targeting mid-November launches pending Form 8-A exchange approvals. The accelerating pace of these filings suggests that institutional exposure to Solana is gaining momentum faster than expected.
Key developments:
- Fidelity removes the “delaying amendment” from its S-1.
- Bitwise Solana ETF sets benchmark with $69M debut inflow.
- VanEck and Canary target mid-November ETF launches.
Solana ETFs Attract Record Market Inflows
Data from SoSoValue shows that Solana-focused investment products witnessed a dramatic $47.94 million in daily net inflows on October 29, with cumulative inflows now exceeding $117.40 million. This signals growing investor confidence in Solana’s long-term potential as both a Layer-1 blockchain and an institutional-grade asset.
Total net assets across Solana ETFs climbed to $432.29 million, representing 0.40% of Solana’s total market capitalization, while daily trading volume reached $79.50 million, underscoring steady participation from institutional investors.
Analysts suggest that such consistent inflows could fortify Solana’s price stability, even amid broader crypto market volatility triggered by the Federal Reserve’s recent 25-basis-point rate cut and Chair Jerome Powell’s cautionary stance on inflation.
Is SOL Preparing for a Breakout?
Solana’s price continues to hold strong above $190, currently trading near $196, down 0.51% over the past 24 hours. Technical indicators show a mixed but stabilizing outlook: the Relative Strength Index (RSI) stands at 48, suggesting neutral momentum, while the MACD line hovers slightly below the signal line, reflecting a modest bearish bias.
If buyers manage to sustain support above $190, analysts project a potential rebound toward the $200–$220 resistance range. However, a dip below $190 could trigger a retracement to $180 before renewed accumulation begins.
Overall, Solana’s resilience amid ETF-driven inflows and institutional optimism indicates that the network could be positioning for another leg higher—potentially outpacing peers if broader risk appetite returns to crypto markets.
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