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Solana Price News: SOL Rises as Fidelity Launches ETF – $155 Next?
Another titan of the financial industry has joined the growing chorus of asset management firms to launch a Solana spot ETF. This time is Fidelity’s turn, with its new fund FSOL. Solana (SOL) has booked a 6% jump amid the news. Fidelity is a major player in the asset management industry, administering over $6.4 trillion for its customers. Its decision to launch a Solana ETF could bring significant inflows to the token and contribute to its recovery. Solana is currently the worst-performing token of the top 5 with year-to-date losses of 25.6%. The lack of ecosystem growth in the decentralized finance (DeFi) space ... (full story)
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