Fidelity labels Solana emerging financial infrastructure as SOL nears $50

Community Trust Score Verified 90 % Real Verified 20 votes Updated 6 minutes ago Fidelity has described Solana as “an emerging piece of financial market infrastructure” in its latest report, according to AMBCrypto. The characterization comes as SOL trades just a few points above $50, following a recent drop below the $70 level that triggered profit-taking among investors. Earlier reporting: Bitcoin ETFs Record $75 Million Net Inflow as Fidelity Offsets BlackRock Outflows . As of 08:25 UTC, Solana traded at $85.67, -0.9% over 24 hours, with $2.1 billion in 24-hour volume.