Fidelity has added Solana (SOL) buying and selling to its suite of crypto merchandise, giving each institutional and retail buyers entry to the fast-growing blockchain asset.
The growth spans Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Wealth Managers and Fidelity Digital Belongings, which caters to institutional shoppers.
The transfer alerts 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 development on the Solana Basis, the rollout on X, sharing screenshots that confirmed Solana listed as a tradable asset on Fidelity’s platform.
Retail buyers in U.S. can now buy SOL of their brokerage accountSome screenshots from my accountNFA — Nick Ducoff (@nickducoff) Fidelity Highlights Solana’s Price Effectivity And Scalability
Fidelity revealed an 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 corporate famous that Solana’s transaction charges are usually simply fractions of a cent, whereas Bitcoin and Ethereum usually value at the very 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 in style for funds, buying and selling, and new blockchain-based tasks.Frequent Community Outages Elevate Questions About Solana’s Lengthy-Time period Stability
Nevertheless, 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 newest incident occurred in Feb. 2024, when the blockchain went offline for 5 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 keep constant uptime beneath 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 Acquire Traction Throughout Main Markets
Regardless of these hurdles, Solana’s market momentum continues to develop. The 21Shares Solana Spot ETF within the US just lately obtained approval following the SEC’s clearance of its Type 8-A submitting, enabling it to commerce on a significant American change.
The product provides buyers direct publicity to Solana’s spot worth, a milestone that might additional enhance institutional participation.
In Asia, Hong Kong’s securities regulator additionally permitted 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 change into a number one hub for regulated digital property.
Fidelity’s addition of Solana rounds out a big month for the blockchain, which has seen rising adoption from each Wall Road and international regulators.
The itemizing provides buyers 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.
