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Fidelity Advances Solana (SOL) ETF Amid Growing Institutional Interest

Fidelity Advances Solana (SOL) ETF Amid Growing Institutional Interest

The post Fidelity Advances Solana (SOL) ETF Amid Growing Institutional Interest appeared on BitcoinEthereumNews.com. Rebeca Moen Oct 31, 2025 07:00 Fidelity updates its Solana ETF filing with a 0.25% fee as the market sees significant inflows and new competition, indicating growing interest in Solana’s blockchain potential. Fidelity Investments has taken a significant step forward in its cryptocurrency offerings by updating its filing for a Solana (SOL) exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission. This move, reported by CryptoNews, positions Fidelity to tap into the burgeoning interest in Solana’s blockchain capabilities. Fidelity Structures Aggressive Staking Strategy The updated filing reveals that the Fidelity Solana Fund will stake up to 100% of its SOL tokens, utilizing custodians such as Anchorage Digital, BitGo, and Coinbase Custody. Node operators will include Coinbase Crypto Services and Figment. The fund plans to charge a 15% fee on staking rewards, which will be split among the sponsor, custodians, and operators. The ETF will trade under the ticker FSOL, offering creation and redemption baskets settled in either SOL or cash. This filing update removes a previous “delaying amendment,” potentially allowing the registration to become automatically effective. However, Fidelity acknowledges the regulatory risks, noting that the SEC has previously classified SOL as a security in some enforcement actions. A definitive security classification could significantly impact SOL’s trading value and possibly necessitate the fund’s liquidation. Bitwise Dominates Early Market While Fidelity prepares its entry, early movers like Bitwise have already captured a substantial market share. Bitwise’s Solana ETF recorded $69.5 million in first-day inflows, surpassing Rex-Osprey’s competing product. The Bitwise Solana Fund stakes 100% of its holdings to deliver maximum yield, with a management fee of 0.20%, waived for the initial three months. Grayscale also joined the fray by launching its Solana Trust ETF on NYSE Arca, converting a private trust holding from…
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BitcoinEthereumNews2025/11/01 04:40
How Solana won DeFi’s throughput race

How Solana won DeFi’s throughput race

The post How Solana won DeFi’s throughput race appeared on BitcoinEthereumNews.com. Solana (SOL) processes approximately 70 million transactions per day and recorded over $143 billion in monthly DEX volume as of Oct. 30, according to DefiLlama. The network operates with 1,295 consensus validators across 40 countries, and a Nakamoto Coefficient of 20, according to the Foundation’s June 2025 Network Health Report. Production throughput runs at approximately 1,100 transactions per second. The throughput enhancements followed a five-hour outage in February 2024. The event prompted the Solana ecosystem to introduce measures such as stake-weighted Quality of Service (QoS), tests with the Firedancer client in hybrid form, and adjusted validator economics through priority fee routing. Transaction volume and execution model DeFiLlama data shows Solana’s spot monthly DEX volume at roughly $143 billion as of Oct. 30. Ethereum’s volume in the same period reached nearly $138 billion. However, Ethereum’s base layer processes fewer than 1.2 million transactions per day, while Solana processes over 70 million. Ethereum routes most DeFi activity to layer-2 rollups that batch transactions before settling on the base layer. Solana executes all transactions on a single layer. Jake Kennis, senior research analyst at Nansen, attributes Solana’s activity to infrastructure and market catalysts. In a note, he stated: “Solana’s runtime did the hard work first: Sealevel’s parallel execution, sub-second blocks, stake-weighted QoS over QUIC kept latency low and fees stable under load. That design avoided rollup-style fragmentation and delivered ‘one venue, one wallet, one mempool’ trading.” Market catalysts included Jito airdrops in 2023, Jupiter airdrops in 2024, memecoin activity via Pump.fun, and wallet integrations from Phantom, Jupiter, and Uniswap. Fee structure and congestion response Solana charges a fixed base fee of 0.000005 SOL per signature plus optional priority fees. During the early 2024 memecoin surge, transactions failed despite users paying priority fees. Version 1.18 implemented stake-weighted Quality of Service, allocating block space proportional…
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BitcoinEthereumNews2025/11/01 02:05
Good News for Solana (SOL) and Many Altcoins! Major Exchange Announces Entry into US Market!

Good News for Solana (SOL) and Many Altcoins! Major Exchange Announces Entry into US Market!

The post Good News for Solana (SOL) and Many Altcoins! Major Exchange Announces Entry into US Market! appeared on BitcoinEthereumNews.com. Decentralized cryptocurrency exchange dYdX plans to enter the US market within the year. According to Reuters, dYdX said it plans to enter the US market by the end of 2025 and launch spot trading products. dYdX CEO Eddie Zhang said the exchange’s entry into the US market and having a platform aligns with the company’s broader roadmap for the future and is crucial to the roadmap. “We plan to launch spot trading services in the US by the end of this year, including major cryptocurrencies like Solana (SOL). The US market is a significant turning point in the direction we need to go.” dYdX stated that they will also reduce their fees upon entering the US market. “At the service launch in the US, we plan to reduce transaction fees by up to half from current levels to around 0.5-0.65%,” CEO Zhang said. However, the company added that it cannot currently offer perpetual futures trading, its signature product, in the U.S. due to current regulations. dYdX CEO Zhang added that they expect to see positive action from regulators regarding perpetual product offerings in the future and to launch futures trading as well. Since its launch in 2019, dYdX has seen over $1.5 trillion in total trading volume. According to DefiLlama data, it has recorded $8 billion in recurring contract volume in the last 30 days. *This is not investment advice.   Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/good-news-for-solana-sol-and-many-altcoins-major-exchange-announces-entry-into-us-market/
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BitcoinEthereumNews2025/11/01 01:37
Best Crypto to Buy as Solana (SOL) ETF Excitement Fades

Best Crypto to Buy as Solana (SOL) ETF Excitement Fades

The post Best Crypto to Buy as Solana (SOL) ETF Excitement Fades appeared on BitcoinEthereumNews.com. As the initial Solana (SOL) ETF mania starts fading out, smart investors are rewarding themselves with the best crypto to buy that still boasts enormous expansion prospects. Everything points to Mutuum Finance (MUTM). As the price of Solana struggles to stay over $200, Mutuum Finance has been causing ripples in DeFi with its blazing-hot Phase 6 presale already over 80% sold out and over $18.25 million raised. With not much time remaining until the next price spike, investors who sat out Solana’s first liftoff are looking at Mutuum Finance as the next hot thing, an investment to jump in ahead of liftoff as the best crypto to buy in 2025. Solana (SOL) Falters as ETF Frenzy Subsides and Exposure in Market Continues Solana (SOL) loses some of its initial momentum as ETF frenzy fades, with the token now trading in a channel and in a high-timeframe downtrend. Price action indicates $183 as the next key support, a level of significance for bulls to hold to avoid further price drop. Much of SOL’s activity is still tied to the general market performance of Bitcoin, and if BTC cannot resist the bearish pressure in the present, Solana could experience more selling. In the meantime, short-term volatility persists, but some of the investor base has already started to rotate into new prospective in the DeFi sector, where Mutuum Finance (MUTM) is already beginning to attract significant attention for their potential to outperform mainstream altcoins as the top crypto heading into the next cycle. Mutuum Finance (MUTM) at the Forefront with Stunning Presale Buzz Mutuum Finance (MUTM) remains a strong source of fascination for investors with its placement in the leading cryptos to invest in 2025. Interest has accelerated by way of its multi-stage presale, with Phase 6 now setting token prices at $0.035,…
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BitcoinEthereumNews2025/11/01 01:09