🚀 Fidelity Jumps on the Crypto Bandwagon - Will They Outdo BlackRock? 🤑

Fidelity throws its hat into the SOL ETF ring, leaving BlackRock scratching their heads.
$470M SOL vanished from exchanges like magic in just three weeks.

So, Fidelity, with its $15 trillion in assets, decides to join the cool kids in the Solana ETF race. Because, you know, everyone is doing it.

March25th, they file a19b-4 form with the SEC, like they’re applying for a VIP club membership through Cboe BZX. Fancy.

The Great SOL ETF Showdown

BlackRock’s still sitting on the sidelines, probably debating if this is just another fad. Meanwhile, Grayscale,21Shares, and the rest of the gang already RSVP’d. And the market’s like, “86% chance of approval? Sure, why not!”

February rolls around, and the SEC’s like, “Okay, fine, we see you,” and starts the240-day countdown clock. Franklin Templeton’s still playing catch-up, though.

Oh, and Fidelity registering a trust in Delaware? That’s their way of saying, “We’re in it to win it.”

After the CME Futures debut, SOL’s the star of the show, with other altcoins like Litecoin and Dogecoin trying to get a piece of the ETF pie. But Nate Geraci’s betting the SEC won’t let just anyone in.

“I’m all for some altcoin ETFs, but let’s not get carried away. Advisors want a bit of everything, right? Broad crypto ETFs, that’s where it’s at.”

And the market? Speculators are all in, pulling $70M of SOL off exchanges like they’re prepping for a crypto winter.

Coinglass data shows $470M SOL flying off exchanges in three weeks. SOL’s feeling the love, bouncing back30% from its March low.

But, will the bulls break through the $150 barrier, or will the short sellers crash the party? Only time will tell.

2025-03-26 17:14

Fidelity Jumps on the Crypto Bandwagon – Will They Outdo BlackRock?

The Great SOL ETF Showdown

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