News
Fidelity buys $60M in Bitcoin, files first Solana ETF application with CBOE
Fidelity bought $60 million in Bitcoin with its FBTC ETF. Arkham's monitoring tools flagged the purchase, highlighting large ETF inflows.
The news arrives hours after Fidelity officially applied to a Solana spot exchange-traded fund (ETF) with the Chicago Board Options Exchange (CBOE) — the first such application from a major financial institution in the United States.
The firm, which oversees over $800 billion in assets, is trying to get ahead of the curve on investing in digital assets.
Arkham Intelligence , which focuses on decoding complex blockchain data, was the first to spot the Bitcoin transaction associated with Fidelity
This comes just hours after Fidelity submitted its first application to the U.S. Securities Exchange Commission for a spot in Solana ETF with the CBOE.
The Solana ETF would be considered a significant milestone and could pave the way for greater access to Solana for various institutional investors. Market analysts view the move as a compelling endorsement of Solana's long-term utility and growth potential within the wider blockchain ecosystem.
Fidelity is not the only company looking in this direction. Another asset manager, VanEck, had recently submitted for Solana ETP in early 2025 before it headlined the first major institution to do so.
According to Kraken's price feeds, Bitcoin's price is $88,019.40, and Solana's price is $145.39 as of press time.