Fidelity Enables Solana Trading For US Brokerage Clients Amid SOL ETF Approval

Key notes

• Asset manager Fidelity, which has $5.8 trillion in assets under management, now offers SOL trading to clients, consistent with its Bitcoin and Ethereum offerings.
• Hong Kong’s securities regulator gave the green light to launch ChinaAMC’s Solana exchange-traded fund on October 27, ahead of US approval expectations.
• Market momentum pushed Solana’s price from $180 to $192, making it the best performing among major cryptocurrencies on the day.Reintentar.

Solana

Sol
$191.5



24-hour fluctuations:
5.6%


Market value:
$104.68 billion



Vol. 24 hours:
$7.04 billion

It received another major institutional endorsement on October 23 after asset management firm Fidelity listed its native coin, SOL, on its trading platform.

Fidelity, which has $5.8 trillion in assets under management (AUM), has enabled SOL trading for its clients alongside Bitcoin, the Solana team confirmed in an official X post on Thursday.

Bitcoin
$110,370



24-hour fluctuations:
2.0%


Market value:
$2.20 T



Vol. 24 hours:
$63.03 billion

And Ethereum

Ethereum
$3860



24-hour fluctuations:
1.2%


Market value:
$466.04 billion



Vol. 24 hours:
$35.98 billion

.

break: @ Sincerityan asset manager with $5.8 trillion in AUM, making SOL available to all US brokerage clients pic.twitter.com/t5F1DauESm

– Solana (@Solana) October 23, 2025

The addition of Solana is consistent with Fidelity’s broader strategy of expanding access to digital assets for brokerage clients. According to official filesThe Fidelity Wise Origin Bitcoin Fund (FBTC:CBOE) currently holds 205,888.4 BTC, worth approximately $22.77 billion USD, representing 0.98% of Bitcoin’s total supply of 21 million.

Solana ETFs get approval in Hong Kong

In another display of institutional momentum, Hong Kong’s Securities and Futures Commission (SFC) recently approved its first Solana exchange-traded fund, issued by ChinaAMC. The ETF, scheduled to begin trading on October 27, puts Hong Kong ahead of the United States in providing regulated institutional access to exposure to Solana.

This development has sent bullish signals across the market, with prediction markets now pricing the odds of approval for the Solana ETF in the US at 99%.

Solana (SOL) Price Action, October 23, 2025 | Source: CoinMarketCap

Market trends reflected a positive reaction as Solana stock rose 6% during the day Thursday, rising to $192 from an opening price of just under $180. The dual catalysts of Fidelity’s listing and the approval of the SOL ETF in Hong Kong have seen Solana emerge as the best performer among the top 10 ranked cryptocurrencies at the time of writing.

Pepe node pre-sale approaches $2 million target as demand for Solana whale grows

Anticipated demand for SOL from Fidelity’s brokerage clients has fueled speculative trading on early-stage cryptocurrency projects like Pepe Node (PEPENODE).

Pepe Node allows users to own virtual currency mining rigs, combine nodes for higher returns, and earn additional rewards from participating in the network.

Baby knot pre-sale

Currently priced at $0.0011, the Pepe Node pre-sale has raised more than $1.9 million of its $2 million goal. Investors can still join via the official Pepe Node website before the next price level opens.

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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.

Solana News (SOL), Market News

Ibrahim Ajibade is an experienced research analyst with a background in supporting several startups and financial institutions in the Web3 space. He has his undergraduate degree in Economics and is currently studying for a Masters in Blockchain and Distributed Ledger Technologies at the University of Malta.

Check him out Ajibade on LinkedIn.