Fidelity Amends S-1 for Solana ETF: Is SOL Price Set to Rally?

Solana price remains resilient above the $190 mark, showing signs of bullish momentum despite recent market volatility. The general crypto market experienced a bearish trend in the past 48 hours, which was mostly fueled by investor apprehension. This is after the Federal Reserve of the United States lowered the rates by 25 basis points. Chair Jerome Powell’s comments on persistent inflation and policy uncertainty triggered reduced risk appetite.

Meanwhile, Solana briefly dropped below the $200 mark due to market consolidation but quickly regained support. Another major step was when Fidelity revised its S-1 filing of a Solana ETF, leading to the speculation of a possible rally. Although Bitcoin hovered near $110,000 and Ethereum below $4,000, hourly charts now suggest a mild bullish trend, indicating potential recovery across the board for major cryptocurrencies.

Fidelity Amends S-1 for Solana ETF

Fidelity Investments has amended the S-1 filing of Fidelity Solana Fund (FSOL) by eliminating one of the provisions that had stayed automatic effectiveness. The amendment, filed with the SEC on October 29, 2025, removes the so-called delaying amendment, meaning that the fund is to become effective, unless the SEC acts, after a 20-day statutory period. This is a strategic change in the registration practices of ETFs in the 1933 Securities Act.

Following the recent success of the Bitwise Solana ETF, which raised more than $69 million in first-day inflows with its $ BSOL ETF, several issuers have adopted a similar filing method. VanEck and Canary funds have updated their Solana funds ETF registration and hope to launch them by mid-November, however, when 8-A listings of their respective exchanges are approved.

Solana ETFs Witness Strong Market Inflows

According to Sosovalue data, Solana-focused investment funds experienced a significant rise in inflows on October 29. Daily net inflows totaled $47.94 million, and the cumulative inflows were at $117.40 million. 

This demand is an indicator of growing investor confidence in Solana-related financial products and the prospects of the network in the long run.

The report also demonstrated a total trading value of 79.50 million, which depicted a consistent participation of market players. Meanwhile, total net assets increased to reach $432.29 million or 0.40% of the entire market cap of Solana. This trend of an inflow indicates the increase of institutional confidence and the rise of the momentum in the Solana ecosystem.

Is Solana Price Ready for a Breakout?

The SOL price traded near $196, showing a slight decrease of 0.51% in the past 24-hours.  If buyers manage to hold above $190, the SOL price outlook could attempt another rebound toward the $200–$220 range.

The Relative Strength Index (RSI) in the 4-hour chart is currently standing at 48, which is a neutral momentum. In the meantime, the MACD demonstrates the blue line only slightly below the orange signal line, which creates a slight bearish crossover. A sustained move below $190 could trigger a deeper pullback toward $180 levels.