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Crypto Reporter
Shalini Nagarajan
Crypto Reporter
Shalini Nagarajan
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Fidelity added Solana (SALT) trading in its suite of crypto products, giving both institutional and retail investors access to a rapidly growing blockchain asset.
The expansion includes Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Wealth Managers and Fidelity Digital Assets catering to institutional clients.
The move signals the continued mainstreaming of cryptocurrencies within traditional finance. It also comes as Solana consolidates its position as one of the world’s most traded digital assets, supported by a growing development base and expanding institutional footprint.
Nick Ducoff, head of institutional growth at the Solana Foundation, confirmed rollout on X, sharing screenshots that showed Solana listed as a tradable asset on the Fidelity platform.
Fidelity highlights Solana’s cost efficiency and scalability
Fidelity published an explainer on Solana on Thursday, describing it as a blockchain that processes about 60,000 transactions per minute on average, compared to roughly 250 for bitcoin and 800 for ethereum.
The company noted that Solana’s transaction fees are typically fractions of a cent, while bitcoin and ethereum often cost at least 50 cents per transaction.
Solana, like Ethereum, allows third-party developers to create decentralized applications and smart contracts on its network. Its speed and low cost make it popular for payments, trading and new blockchain-based projects.
Frequent network outages raise questions about Solana’s long-term stability
However, Solan’s rise was not without obstacles. The network has faced reliability issues in the past, with several major outages raising concerns about its stability.
The last incident occurred in February 2024 when the blockchain was offline for five hours.
The outage was the first in more than a year and signaled some improvement in network performance, although critics still doubt whether Solana can maintain consistent uptime amid heavy demand.
Earlier this year, in March 2025, congestion issues resurfaced when the memecoin frenzy briefly crippled the network. A spike in activity rendered Solana nearly unusable for several hours, prompting a re-examination of its scalability claims.
Institutional access is expanding as Solana ETFs gain traction in major markets
Despite these obstacles, Solana’s market momentum continues to grow. The 21Shares Solana Spot ETF in the US recently received approval after the SEC approved its Form 8-A, allowing it to trade on a major US stock exchange.
The product gives investors direct exposure to the Solana spot price, a milestone that could further boost institutional participation.
In Asia, also Hong Kong’s securities regulator approved its first spot ETF Solana this week. The move makes Solano the third cryptocurrency after bitcoin and ethereum to receive such approval in the city, and boosts Hong Kong’s bid to become a leading hub for regulated digital assets.
The addition of Fidelity’s Solana caps off a significant month for blockchain, which has seen growing adoption by Wall Street and global regulators.
The listing offers investors a new entry point into one of the industry’s fastest-growing ecosystems, signaling that digital assets are becoming a permanent part of the financial mainstream.
