Solana Price Steady at $134 as $6.4T Fidelity Prepares SOL ETF for Imminent Launch
The post Solana Price Steady at $134 as $6.4T Fidelity Prepares SOL ETF for Imminent Launch appeared on BitcoinEthereumNews.com.
Key Notes Fidelity submitted Form 8-A for its Solana spot ETF, typically the final step before trading begins within 24 hours. Pump.fun revenue exceeded $900 million, highlighting strong ecosystem activity despite recent market weakness. SOL tests the 100-week SMA at $164.71 with RSI at 38.41, approaching oversold territory as bulls seek re-entry. Solana SOL $130.0 24h volatility: 5.2% Market cap: $72.18 B Vol. 24h: $7.24 B price held steady around $134 on Nov. 17, limiting losses to under 1.5% as global crypto markets opened lower. Traders positioned cautiously ahead of Nov. 18’s high-stakes US congressional vote, where political tensions continued to mount on President Donald Trump with allegations surrounding links to ongoing investigations into Jeffery Epstein. Despite the macro headwinds, Solana avoided deeper losses, supported by bullish internal ecosystem updates that helped balance sentiment. A positive catalyst emerged early Nov. 17, as Fidelity Investments, managing $6.4 trillion in assets, filed a Form 8-A with the US SEC for its Solana spot ETF. The filing represents the final administrative step typically submitted immediately before a product begins trading. Historically, 8-A filings are followed by ETF listing activity within 24 hours, signaling that Fidelity’s Solana fund is likely to debut imminently. The firm’s Bitcoin BTC $91 814 24h volatility: 2.3% Market cap: $1.83 T Vol. 24h: $90.69 B and Ethereum ETH $2 987 24h volatility: 3.3% Market cap: $360.48 B Vol. 24h: $37.37 B spot ETF currently hold $11.9 billion and $2.5 billion respectively, according to FarsideInvestors data. Fidelity joins Bitwise (BSOL) and Grayscale (GSOL), both of which received approval for their Solana ETFs late last month. As of press time, BSOL holds $357.8 million in SOL while GSOL manages $24.4 million. Since trading began on Oct. 29, neither ETF has reported a single day of net outflows as whale investors opt…
Filed under: News - @ November 17, 2025 8:26 pm