Fidelity Rolls Out Solana Trading Access for US-Based Investors
Fidelity has added Solana (SOL) buying and selling to its suite of crypto merchandise, giving each institutional and retail traders entry to the fast-growing blockchain asset.
The enlargement spans Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Wealth Managers and Fidelity Digital Assets, which caters to institutional purchasers.
The transfer indicators the continued mainstreaming of cryptocurrencies inside conventional finance. It additionally comes as Solana cements its place as one of the crucial traded digital property globally, supported by its rising developer base and increasing institutional footprint.
Nick Ducoff, head of institutional progress on the Solana Foundation, confirmed the rollout on X, sharing screenshots that confirmed Solana listed as a tradable asset on Fidelity’s platform.
Fidelity Highlights Solana’s Cost Efficiency And Scalability
Fidelity revealed an explainer on Solana on Thursday, describing it as a blockchain that processes about 60,000 transactions per minute on common, in contrast with roughly 250 for Bitcoin and 800 for Ethereum.
The firm famous that Solana’s transaction charges are usually simply fractions of a cent, whereas Bitcoin and Ethereum usually value at the least 50 cents per transaction.
Solana, like Ethereum, permits third-party builders to construct decentralized purposes and sensible contracts on its community. Its pace and low prices have made it fashionable for funds, buying and selling, and new blockchain-based tasks.
Frequent Network Outages Raise Questions About Solana’s Long-Term Stability
However, Solana’s rise has not been with out setbacks. The community has confronted reliability challenges up to now, with a number of main outages that raised issues about its stability.
The most up-to-date incident occurred in Feb. 2024, when the blockchain went offline for five hours.
The outage was its first in over a 12 months, signaling some enchancment in community efficiency, although critics nonetheless query whether or not Solana can preserve constant uptime below heavy demand.
Earlier this 12 months, in March 2025, congestion points resurfaced when a memecoin frenzy briefly crippled the community. The surge in exercise made Solana practically unusable for a number of hours, prompting renewed scrutiny of its scalability claims.
Institutional Access Expands as Solana ETFs Gain Traction Across Major Markets
Despite these hurdles, Solana’s market momentum continues to develop. The 21Shares Solana Spot ETF within the US just lately acquired approval following the SEC’s clearance of its Form 8-A submitting, enabling it to commerce on a serious American alternate.
The product offers traders direct publicity to Solana’s spot value, a milestone that would additional enhance institutional participation.
In Asia, Hong Kong’s securities regulator additionally approved its first Solana spot ETF this week. The transfer makes Solana the third cryptocurrency, after Bitcoin and Ethereum, to realize such approval within the metropolis and strengthens Hong Kong’s bid to turn out to be a number one hub for regulated digital property.
Fidelity’s addition of Solana rounds out a major month for the blockchain, which has seen rising adoption from each Wall Street and world regulators.
The itemizing gives traders a brand new entry level into one of many business’s fastest-growing ecosystems, signaling that digital property have gotten a everlasting fixture within the monetary mainstream.
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