Finchmitters fidelity registers Solana funds and thus gets deeper into crypto
- Fidelity has registered a Solana fund in Delaware and thus signals his conviction of the future high institutional interest in the crypto project.
- Solana is five years old and recently reached 400 billion transactions.
Fidelity recently officially registered. There is a clear signal behind it: one wants to expand the commitment in the field of digital assets, and the focus is currently on Solana.
ETF News: @DigitalAssets @Fidelity registers #Solana Spot Fund in Delaware https://t.co/jJnONdlwqi pic.twitter.com/EMN5n8BIh6
— MartyParty (@martypartymusic) March 21, 2025
Solana is not a new player in the crypto world, but a clipping after the standards of the still young industry, because the fifth anniversary has been celebrated since the start of the Minneet.
During this period, Solana processed more than 400 billion transactions and sales achieved around one trillion dollar.
Fidelity focuses on Bitcoin and Ethereum
So far, Fidelity has been known for his Bitcoin and Ethereum products. However, it seems that the company will take a new way. As for timing, this step follows a Fidelity report from the beginning of January, which assumes that 2025 for central banks and governments would be time for strategic Bitcoin purchases.
SIMD-0228 vote reveals great concerns within the Solana network
CNF already reported on the SIMD-0228 Governance proposal, which was submitted to reduce inflation in the network. The proposal had been developed with the best intentions, but failed with only 43.6% yes votes due to the required two-thirds majority.
Interestingly, not only the results were the focus of interest, but also the procedure. This time the turnout was over 74%. This is a considerable number that shows that the community participates. However, the proposal also triggered a debate.
Some small validers expressed concerns that they could be disadvantaged in the new, more dynamic system. There are also concerns about the technical complexity and unforeseen consequences.
Could a Sol-ETF Fidelity’s next step?
The question now is: Is this a sign that a Solana-based spot ETF will come? So far, Fidelity has not officially commented on this. But if you look at Fidelity’s success balance, registration of such a company is usually the first step before an investment product is actually put on.
Finally, the latest trends have shown that investors begin to open their eyes for alternatives to Bitcoin and Ethereum. Solana is fast, cost -effective and has a mature application system. If the market continues to support it, it is not excluded that we will see more institutions that integrate Solana into traditional investment products.
At the editorial deadline, Solana’s course was $ 130.58, which corresponds to an increase of 1.32% in the last 24 hours and market capitalization increased to over $ 66 billion.
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