Fidelity

Fidelity macro director Jurien Timmer called the sell-off in speculative assets — including Bitcoin — "probably a good thing," framing the crash as a corrective event. His comment highlights a view that painful declines could remove excesses from markets even as they pressure prices.

Fidelity and Canary Capital have launched regulated, staking-enabled Solana ETFs that give investors direct exposure to SOL plus on-chain rewards. The move widens institutional access and highlights growing demand for yield-bearing crypto products.

Bloomberg analysts say Fidelity’s FSOL and Canary Marinade’s SOLC will debut Tuesday, bringing spot Solana ETFs to five. Despite continued inflows into Solana funds, SOL’s price has fallen, leaving a disconnect between fund demand and the token.

NYSE Arca has issued an approval letter for Fidelity’s Solana Fund, clearing the way for the fund to be listed and potentially begin trading within days. The development is seen as positive for crypto, signaling growing institutional acceptance and easier access to SOL for investors.

Fidelity Digital Assets research head Chris Kuiper says visible buying from spot Bitcoin ETPs and corporates hasn’t produced decisive upside because other sellers are offsetting flows. He identifies clear pockets of supply that are keeping prices muted.

Fidelity says steady selling from long-term Bitcoin holders is weighing on price even as ETFs and corporations continue to buy. On-chain data shows a slow decline in coins inactive for over a year, indicating measured profit-taking rather than a panic-driven capitulation.

Fidelity says year-end tax-related selling, not concentrated whale liquidations, was the main driver of Bitcoin's Q4 decline. Macro jitters and ongoing large-holder flows still pose near-term headwinds for BTC.

Fidelity’s Chris Kuiper says holders who have kept Bitcoin for a year or more appear to be the dominant sellers in the current market. That shift in who is selling could affect supply dynamics and price stability for BTC.