The addition of SOL comes amid growing institutional interest in the Solana network, as the community positions it as the hub of internet capital markets. Fidelity, a financial services company, has added Solana trading to its platform, making the network’s native token available to both institutional and retail clients. Solana (SOL) is now available to buy, sell, and trade on Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Wealth Managers, and Fidelity Digital Assets’ platform for institutional investors, a spokesperson confirmed to Cointelegraph on Thursday. The spokesperson added: The added support for SOL signals that cryptocurrencies are maturing as an asset class, further reducing the gap between legacy and digital finance. Read more
Major Wall Street players are adding talent to support their growing cryptocurrency operations. Charles Schwab, Fidelity and other traditional companies based in the United States are hiring for senior crypto positions to seemingly make a push into the industry. The open positions come as regulatory clarity has increased, paving the way for TradFi to enter the space. The open positions indicate a solid push into the crypto space. Schwab, for instance, is hiring for a senior product manager in crypto trading and a senior product manager in crypto onchain experiences. As Cointelegraph has reported, the $10 trillion asset manager plans to launch Bitcoin (BTC) and Ether (ETH) spot trading, with BTC trading services available by April 2026. Fidelity, which has $6.4 trillion in assets, is hiring for a crypto technology risk analyst. Technology company Booz Allen Hamilton is seeking a cryptocurrency subject matter expert, and Standard and Poor’s Global is hiring a senior analyst for global research and development i...
Data from Fidelity Investments suggests that Bitcoin is still mid-cycle in its adoption curve as institutional interest and inflows signal asset maturity. Key takeaways: Fidelity’s Jurrien Timmer says Bitcoin is still mid-cycle in its adoption curve. 125 public companies now hold BTC, with digital asset products witnessing $3.7 billion in weekly inflows last week. Read more
Fidelity’s Jurrien Timmer says Bitcoin’s rally back to six-figure territory strengthens its store-of-value status, making it comparable to investing in gold. Key takeaways: Bitcoin’s Sharpe ratio converges with gold’s, indicating similar risk-adjusted returns, supporting its store-of-value role. Gold outperformed Bitcoin in Q1 2025 with a 30.33% price gain versus Bitcoin’s 3.84%, driven by economic uncertainty. Read more