Solana at a Crossroads: Institutional Demand Meets Potential Sell-Off Pressure

The launch of new spot ETFs for Solana (SOL) is generating significant institutional interest, yet this optimism is being tempered by substantial token movements from major holders, creating a tense environment for investors. The digital asset finds itself caught between conflicting market forces that could determine its near-term trajectory.

Financial services giant Fidelity launched its spot Solana ETF, trading under the ticker FSOL, on Tuesday, November 18. This development followed closely on the heels of VanEck’s own Solana fund debut the previous day. The consecutive entries of these heavyweight asset managers send a powerful message about growing institutional acceptance of Solana, traditionally interpreted as a strong endorsement of an Read more...