Fidelity Revises S-1 Filing for Solana ETF: SOL Price to Rally?

Fidelity updated its S-1 filing for a Solana ETF, sparking rumors of a potential surge. The Solana price remains resilient above $190, indicating optimistic momentum despite the recent market crash.

Over the past 48 hours, a downward trend has been observed in the overall cryptocurrency market, primarily driven by investor trepidation. This comes after the U.S. Federal Reserve cut interest rates by 25 basis points. Reductions in risk appetite were brought on by Chair Jerome Powell's remarks regarding ongoing inflation and policy uncertainty.

Due to market consolidation, Solana briefly fell below $200 before swiftly regaining support. The revision of Fidelity's S-1 filing for a Solana ETF, which sparked speculation about a potential surge, was another significant step. Even though Ethereum was trading below $4,000 and Bitcoin was trading close to $110,000, the hourly charts currently indicate a slight upward trend, suggesting that all the main cryptocurrencies could see a recovery.

Fidelity Modifies Solana ETF's S-1 Filing

One of the clauses that had prevented automatic effectiveness has been removed from Fidelity Investments' S-1 filing for the Fidelity Solana Fund (FSOL). The modification, submitted to the SEC on October 29, 2025, eliminates the so-called delaying amendment, which states that the fund will take effect after a 20-day statutory period unless the SEC takes action. The 1933 Securities Act's ETF registration procedures have undergone a significant shift.

Several issuers have adopted a similar filing strategy in response to the recent success of the Bitwise Solana ETF, which generated over $69 million in first-day inflows with its $BSOL ETF. When the 8-A listings of their respective exchanges are approved, VanEck and Canary funds intend to debut their upgraded Solana funds ETFs by mid-November.

Solana ETFs See High Inflows into the Market

Data from Sosovalue indicates that on October 29, inflows into investment funds with a Solana emphasis increased significantly. The total inflows were $117.40 million, with daily net inflows of $47.94 million.

This demand is a sign of rising investor confidence in financial instruments associated with Solana and the network's long-term potential.

Additionally, the data showed a total trading value of 79.50 million, indicating that market participants were consistently present. In the meantime, total net assets rose to $432.29 million, or 0.40 percent of Solana's total market value. The increase in institutional confidence and momentum within the Solana ecosystem is reflected in this inflow pattern.

Is a Breakout in Solana Price Possible?

The price of SOL was trading close to $196, indicating a minor 0.51% drop over the previous day. The SOL price forecast may attempt another bounce toward the $200–$220 range if buyers are able to maintain a price above $190.

At present, the 4-hour chart's Relative Strength Index (RSI) is at 48, indicating neutral momentum. Meanwhile, a tiny bearish crossover has been created by the MACD, with the blue line positioned just below the orange signal line. A deeper decline toward $180 levels can be triggered by a prolonged move below $190.