🚀 Fidelity Just Entered Solana

PLUS: New SOL ETFs hit Nasdaq and NYSE with 0% fees, BTC flush wipes out 6 months of longs, XRP ETF locks in Coinbase, and ZEC becomes crypto’s newest battleground.

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Cryptopolitan News
November 18, 2025 • Estimated Reading Time: 8 minutes

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Solana just landed another Wall Street win.

NYSE Arca has filed its approval for the Fidelity Solana Fund, the final regulatory step before trading. Fidelity already has spot BTC and ETH ETFs, SOL is now joining that club.

This comes as Solana cements itself as the third pillar of U.S. crypto ETFs, with four active products already live and growing institutional rails.

And it isn’t the only launch:

VanEck’s VSOL began trading on Nasdaq with:

  • 0% fees until Jan 17, 2026 (or first $1B in waived fees)

  • 6–7% staking yield via a third-party provider

  • No early outflows so far

The ETF era for Solana is officially here.

So why is SOL still sliding?

Even with big ETFs landing back-to-back, SOL fell to $131 as the market deleveraged.
Open interest dropped to $2.7B, and one of the largest SOL treasuries, Forward Industries, holding 6.82M SOL sent tokens to Coinbase Prime last week, sparking sale fears.

ETF catalysts aren’t breaking through the macro noise yet.

Zoom out: this is normal ETF behavior

Crypto ETFs rarely affect price immediately. The pattern is usually:

Approval → chop → slow inflows → accumulation → rerating

The real signal to watch now isn’t price, but flows.

If Fidelity brings fresh demand the way it did with ETH and BTC, SOL’s ETF cycle could look very different in December.

For now, ETFs keep going live… even if the market is too stressed to care.

Poll: Will Solana ETFs actually move the market in December?

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📊 Market Watch

1️⃣ Franklin Templeton → Coinbase for XRP ETF

Franklin Templeton has formally picked Coinbase Custody for its spot XRP ETF, which will start trading on Cboe on Nov. 18. The ETF is among one of the first fully structured XRP ETFs in the US, with Bitwise’s own fund launched following cases just days later.

2️⃣ BTC flush wipes out 6 months of longs

BTC’s fall into the $88K–$90K zone erased long positions built since April.
Over $576M in longs were liquidated, pushing Fear & Greed to 11, extreme fear territory. Short liquidity now stacks around $93K, keeping BTC trapped in the $85K–$95K range for now.

3️⃣ KindlyMD stock collapses

KindlyMD plunged after postponing Q3 revenue and reporting a $59M deficit on the acquisition of Nakamoto. The firm also declared more crypto losses, realized and unrealized, upon its submission. This stock has decreased by 95% over six months, causing questions regarding survival by the end of the year.

 👀 Are You Watching?

It started when trader James Wynn warned that ZEC’s rally is an “influencer cabal pump-and-dump”, calling out a fake viral post claiming Fidelity’s Jurrien Timmer predicted ZEC would hit 108,000 by 2028.

Other traders piled on, saying early buyers are “hunting exit liquidity.”
Meanwhile, KOLs pushed back, hard.

Medium articles we are reading

Headline picks by our cat

Mad The Internet GIF by MOODMAN

🎭 Culture Watch

When Cloudflare Sneezes, the Internet Catches a Cold

For a brief moment this morning, it felt like half the internet face-planted at once.
X went dark. League of Legends stalled. Countless sites threw 500 errors.

The culprit? Cloudflare, the quiet giant most users never think about, until everything breaks.

Cloudflare said it was dealing with “widespread 500 errors” across multiple customers, with recovery underway but elevated errors still possible.
In other words: if your apps felt haunted, it wasn’t you.

Here’s why it matters:

  • Cloudflare handles traffic for over 20% of the entire internet

  • It protects millions of sites with its security and CDN layers

  • Its network spans 310+ cities and some of the largest web properties on earth

  • When Cloudflare goes down, even Fortune 500s go offline with it

This morning’s outage was a reminder:
We talk about decentralization every day in crypto…
but the real-world internet still leans heavily on a few massive choke points.

Poll: Did the Cloudflare outage affect you today?

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