Fidelity Introduces Solana Trading for US Investors

Fidelity

Fidelity has recently launched the ability to trade Solana (SOL) within its range of cryptocurrency offerings, providing both institutional and retail investors access to this rapidly growing blockchain asset.

This expansion includes Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Wealth Managers, and Fidelity Digital Assets, which serves institutional clients.

This move highlights the ongoing integration of cryptocurrencies into traditional finance. It also comes as Solana secures its status as one of the most actively traded digital assets worldwide, driven by a growing developer community and an increasing presence in institutional markets.

Nick Ducoff, the head of institutional growth at the Solana Foundation, confirmed the news via a post on X, sharing images that showed Solana as a tradable asset on Fidelity’s platform.

Solana’s Efficiency and Scalability Explained by Fidelity

Fidelity released an article on Thursday detailing Solana, noting that this blockchain handles approximately 60,000 transactions per minute on average, in contrast to about 250 for Bitcoin and 800 for Ethereum.

They pointed out that the transaction fees for Solana are generally just a few cents, whereas Bitcoin and Ethereum typically charge at least 50 cents per transaction.

Similar to Ethereum, Solana supports third-party developers in creating decentralized applications and smart contracts on its platform. Its high speed and low costs have established its popularity for payments, trading, and various blockchain-based initiatives.

Concerns About Solana’s Long-Term Stability Due to Network Outages

However, Solana's growth has encountered challenges. The network has experienced reliability issues, facing several significant outages that have raised doubts about its stability.

The latest incident took place in February 2024, when the blockchain was offline for five hours. This outage marked the first in over a year, suggesting some improvements in network performance; nevertheless, critics remain concerned about Solana's ability to provide consistent uptime under high demand.

Earlier in 2025, specifically in March, congestion issues emerged again when a sudden surge of memecoin activity temporarily disrupted the network, rendering Solana nearly unusable for hours and raising further questions regarding its scalability.

Growing Institutional Access as Solana ETFs Make Headway in Major Markets

Despite these setbacks, Solana's market momentum continues to strengthen. The 21Shares Solana Spot ETF in the United States has recently gained approval after the SEC cleared its Form 8-A filing, allowing it to trade on a major American exchange.

This product provides investors with direct exposure to Solana’s spot price, a key development that could encourage more institutional investors to participate.

In Asia, Hong Kong’s securities regulator also approved its first Solana spot ETF this week. This decision makes Solana the third cryptocurrency, following Bitcoin and Ethereum, to earn such approval in the region, bolstering Hong Kong's aspirations to become a leading center for regulated digital assets.

Fidelity’s integration of Solana marks a significant milestone for the blockchain, which has seen increased adoption from both Wall Street and international regulators.

This listing represents a new entry point for investors into one of the fastest-growing ecosystems in the industry, indicating that digital assets are solidifying their place in the financial mainstream.

Key Takeaways

Fidelity now offers trading of Solana (SOL) for US investors, expanding their cryptocurrency offerings.
Solana is recognized for its high transaction speed and low fees compared to Bitcoin and Ethereum.
Despite facing reliability issues and network outages, Solana maintains significant market momentum.
Recent approvals for Solana ETFs in the US and Hong Kong highlight the growing institutional interest in this blockchain.