Key Insights
- Fidelity’s Solana ETF amendment signals potential approval, reinforcing market optimism amid rising institutional demand for Solana assets.
- Solana remains steady above $190 despite market volatility, indicating strong investor confidence and technical resilience.
- Investment inflows into Solana funds surged to $47.94 million, underscoring increased institutional participation in Solana-related products.
Solana’s price maintained stability above the $190 level even as the broader cryptocurrency market showed signs of volatility. The token briefly slipped below $200 during market consolidation but recovered swiftly, highlighting investor resilience.
The Federal Reserve’s recent decision to lower interest rates by 25 basis points prompted a wave of caution among investors. Chair Jerome Powell’s remarks on persistent inflation and policy uncertainty dampened market sentiment. Consequently, most digital assets faced mild corrections, though Solana showed strong support near the $190 range.
Fidelity Advances Solana ETF Filing
Fidelity Investments took a significant step by amending its S-1 filing for the Fidelity Solana Fund (FSOL). The latest update, submitted to the U.S. Securities and Exchange Commission on October 29, 2025, removed the delaying amendment clause. This change allows the ETF to become effective automatically after a 20-day statutory period if the SEC takes no action.
This adjustment reflects a growing trend among fund issuers adopting faster approval methods. Following the success of the Bitwise Solana ETF, which recorded more than $69 million in first-day inflows, firms like VanEck and Canary are also pursuing similar strategies.
Inflows Indicate Rising Institutional Confidence
According to data from Sosovalue, Solana-focused investment products recorded $47.94 million in daily net inflows, bringing cumulative inflows to $117.40 million. Total net assets climbed to $432.29 million, representing 0.40% of Solana’s overall market capitalization. This consistent increase underscores growing institutional confidence and stronger engagement within the Solana ecosystem.
At press time, Solana traded near $196, marking a slight 0.51 percent decline over 24 hours. The Relative Strength Index hovered around 48, suggesting neutral momentum. Meanwhile, the MACD indicated a minor bearish crossover, though price action remained within an upward range. A sustained move above $190 could strengthen bullish sentiment toward the $200 to $220 levels.
Despite broader market uncertainty, Solana continues to demonstrate resilience. The combination of strong ETF-related developments and persistent inflows positions the token for potential gains as institutional demand increases.
