Fidelity Adds SOL Custody and Trading as Solana Tops $190
Fidelity Digital Assets has launched SOL custody and trading services on its platform, enabling institutional investors to securely store and trade SOL without managing private wallets. The move lowers technical barriers, boosting market liquidity and broadening institutional adoption of Solana. Following the announcement, SOL custody and trading volumes increased, and SOL’s price rallied past $190, up 2.6% in 24 hours. Combined with Hong Kong’s new spot SOL ETF, this institutional endorsement strengthens Solana’s case for a future US spot ETF.
Bullish
The addition of SOL custody and trading at Fidelity Digital Assets reduces technical barriers for institutional investors and signals greater confidence in Solana, driving immediate liquidity inflows and a price rally past $190. In the short term, easier institutional access and Hong Kong’s spot SOL ETF lift buying demand, supporting further price gains. Over the long term, this strengthened infrastructure and institutional endorsement pave the way for broader SOL adoption and improve its prospects for a US spot ETF, underpinning sustained bullish momentum.