Key Insights:
- In recent filings, Fidelity Crypto, Fidelity Investments’ crypto arm joined other asset managers in the race to launch a spot Solana ETF.
- Fidelity Crypto expert revealed that Bitcoin is still likely in a bull market.
Fidelity Crypto, the digital asset arm of Fidelity Investments, an asset management giant, offers two crypto-related products: a Bitcoin ETF (Exchange-Traded Fund) and an Ethereum ETF.
With steady development, Fidelity Crypto stands strong on Wall Street, gaining growing confidence. Its interest in cryptocurrency and commitment to offering it to traditional investors also positions it well to secure further ETF approvals.
Fidelity Crypto Upcoming ETF
Recently, on March 25, Fidelity Crypto joined other asset managers in the race to launch a spot Solana ETF for traditional investors, without involving crypto exchanges.
According to the recent filing, Fidelity Crypto is now joining asset managers such as 21Shares, Canary Capital, Bitwise, VanEck, and Grayscale in awaiting approval to launch a Solana ETF in the United States.
However, SEC approval is still pending for Fidelity’s crypto arm. Meanwhile, if granted, trading of the Solana fund could commence on the CBOE. This follows the SEC’s acknowledgment of several Solana-based ETF filings from multiple asset managers in February.
Expert Insights from Fidelity Crypto
Besides crypto ETF approvals, Fidelity Crypto recently shared a report noting that recent tariff tensions and ongoing geopolitical uncertainty have weighed heavily on the crypto market, dragging the bull market into a multi-month pullback.
Despite the market uncertainty, Chris Kuiper, Vice President of Research, Fidelity Crypto or Digital Assets, recently noted, “Fidelity Digital Assets research shows bitcoin is still likely in a bull market. However, our research on price phases also shows that we may be in the final phase of the bull market—what we call the ‘acceleration phase.’
This phase has historically been characterized by increased volatility and a final price surge. But as always, past performance is no guarantee of future results, and the current cycle may play out differently than the past.”
As per Kuiper, another factor that could influence the crypto market in the second half of 2025 is corporate adoption.
“I personally thought, at the beginning of this year, that nation-state adoption and national strategic reserve implementation were going to be the most influential factors on crypto prices.
However, I now believe we may see more impact from corporate adoption, as the number of public companies adopting a bitcoin treasury strategy has gone from only 1 to over 75 in a very short period of time, with many more announcing similar plans,” he says.
In addition to Bitcoin (BTC), Fidelity Digital Assets Research Analyst Max Wadington recently noted,
“As we’ve seen over the past month, Ethereum moves quickly in both directions. It just recently reclaimed its 2024 lows after a dramatic downswing to start the year, and its realized volatility has been in a consistent uptrend since mid-2024. I think it’s very possible we could see continued strength into the back half of 2025.”
Fidelity (FFIDX) Price Momentum
Following all this, Fidelity (FFIDX) has been among the hardest hit over the past six months.
The asset has remained relatively stable but recorded a modest price surge of 0.59% during this period. Meanwhile, it has gained only 5.88% over the past year, significantly lower than Bitcoin (BTC) and other cryptocurrencies.
As of press time, Nasdaq: FFIDX was trading near $96.37 and had recorded a 0.59% drop intraday.