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- Fidelity adds Solana (SOL) to its crypto lineup, expanding access for both retail and institutional investors.
- Solana processes 60,000 transactions per minute—outpacing Bitcoin and Ethereum with ultra-low fees.
- Despite past outages, Solana gains strength as ETFs win U.S. and Hong Kong approval, boosting global trust.
Fidelity has included Solana (SOL) in the list of its tradable cryptocurrencies and has expanded its services to evaluate both retail and institutional investors. The move expands Fidelity Crypto, Fidelity Crypto IRA, and Fidelity Digital Assets, which serves institutional clients. This is another major move toward mainstream cryptocurrency usage in conventional finance.
Nick Ducoff, institutional growth director of the Solana Foundation, announced the launch on X and shared screenshots showing Solana as a tradable asset on the Fidelity platform.
Solana has a reputation for the high-speed capabilities of the blockchain. It can process 60,000 transactions in a minute, which is significantly higher than the 250 and 800 of Bitcoin and Ethereum, respectively. This scalability has made Solana a favorite among developers who develop decentralized apps, as well as other systems based on blockchain.
The transaction rates are also very low at Solana. While Bitcoin and Ethereum transactions may cost 50 cents or more, Solana fees are often just a fraction of a cent. This attractive cost, as well as speed, has made Solana be of interest to developers and investors.
Solana Faces Reliability Challenges Amid Growing Adoption
Nevertheless, Solana has experienced problems of reliability in the past. In February 2024, there was a significant outage of the blockchain, where the network was down for five hours. It was the first major down period in more than one year, which was an indicator that some progress was made in the stability of Solana. Nonetheless, others are not that confident that Solana will be capable of reliably sustaining high uptimes throughout the times when the network is under heavy usage.
In March 2025, the network briefly went offline due to congestion caused by a burst of activity driven by memecoins. This incident rekindled some anxiety over the issue of Solana scalability. However, in spite of these, the thrust of Solana on the market will continue to be high.
Also Read: Kalshi’s Valuation Soars to $12 Billion Amid Fierce Competition in Prediction Markets
Fidelity Expands Crypto Portfolio with Solana ETF Approval in U.S. and Hong Kong
The approval of the 21Shares Solana Spot ETF in the U.S. earlier this year also saw Solana on an upturn. This is because the consent granted by the U.S. Securities and Exchange Commission (SEC) will enable the ETF to trade on major American exchanges, where investors can get direct exposure to the Solana spot price.
Moreover, the securities regulator of Hong Kong granted the first Solana spot ETF in the region. Such acceptance makes it the third cryptocurrency in the city, after Bitcoin and Ethereum, to receive this recognition. It enhances the position of Hong Kong as one of the major financial nexuses of regulated digital assets.
The introduction of Solana by Fidelity is a breakthrough towards the blockchain. Solana is already a major player in the crypto market, growing with institutional backing and regulatory acceptance. The creation also entrenches the space occupied by digital assets within the overall financial system, which presents investors with a new opportunity in one of the fastest-expanding industries in the financial sphere.
Also Read: Coinbase’s New AI Tool Lets Models Use Crypto for Transactions—A Game Changer!
