Overview
- Fidelity enabled custody and trading for Solana across Fidelity Crypto, Crypto for IRAs, Crypto for Wealth Managers and its institutional Fidelity Digital Assets platform, confirming access for U.S. brokerage clients.
- A Fidelity spokesperson and the Solana team on X confirmed the rollout, and Fidelity’s reported $5.8 trillion in assets under management underscores the scale of the new gateway.
- Hong Kong’s Securities and Futures Commission approved a ChinaAMC spot Solana ETF slated to begin trading on October 27, preceding any U.S. spot SOL products.
- SOL rose roughly 5% and traded above $190 following the announcements, with traders watching support near $170–$175 and resistance around the $195–$200 area.
- Institutional participation continues to build, with reported Solana treasuries of about $2.6 billion across nine companies and an altcoin-focused REX‑Osprey Solana + Staking ETF nearing $400 million, even as Solana’s history of outages remains a noted risk.